Fair Market Rent · Illinois
Fair Market Rent in Lake County, IL
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Lake County is $2,011 a month, +12.9% from FY2026. Lake County is part of the Chicago-Joliet-Naperville, IL HUD Metro FMR Area (a metro area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $1,678 | $1,480 | +13.4% | $1,510–1,846 |
| 1 bedroom | $1,780 | $1,581 | +12.6% | $1,602–1,958 |
| 2 bedrooms | $2,011 | $1,781 | +12.9% | $1,810–2,212 |
| 3 bedrooms | $2,586 | $2,294 | +12.7% | $2,327–2,845 |
| 4 bedrooms | $2,954 | $2,653 | +11.3% | $2,659–3,249 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Lake County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 60002 | Antioch | $1,650 | $1,186 | $1,177 |
| 60015 | Deerfield | $3,020 | $2,146 | $2,380 |
| 60020 | Fox Lake | $1,740 | $1,314 | $1,221 |
| 60030 | Grayslake | $2,210 | $1,598 | $1,553 |
| 60031 | Gurnee | $2,310 | $1,746 | $1,657 |
| 60035 | Highland Park | $2,670 | $1,859 | $1,925 |
| 60040 | Highwood | $2,550 | $1,667 | $1,900 |
| 60041 | Ingleside | $1,440 | – | $970 |
| 60042 | Island Lake | $2,540 | $1,497 | $1,852 |
| 60044 | Lake Bluff | $2,280 | $1,653 | $1,750 |
| 60045 | Lake Forest | $2,960 | $1,685 | $1,857 |
| 60046 | Lake Villa | $2,290 | $1,697 | $1,655 |
| 60047 | Lake Zurich | $2,640 | $2,258 | $1,930 |
| 60048 | Libertyville | $2,220 | $1,708 | $1,666 |
| 60060 | Mundelein | $2,190 | $1,634 | $1,572 |
| 60061 | Vernon Hills | $2,620 | $1,790 | $1,908 |
| 60064 | North Chicago | $1,600 | $1,067 | $1,071 |
| 60069 | Lincolnshire | $3,020 | $3,123 | $2,756 |
| 60073 | Round Lake | $2,150 | $1,596 | $1,615 |
| 60075 | Russell | $1,680 | – | – |
| 60083 | Wadsworth | $2,400 | $1,614 | $1,650 |
| 60084 | Wauconda | $1,820 | $1,369 | $1,387 |
| 60085 | Waukegan | $1,720 | $1,172 | $1,161 |
| 60087 | Waukegan | $1,840 | $1,370 | $1,356 |
| 60088 | Great Lakes | $2,550 | $1,538 | $1,843 |
| 60089 | Buffalo Grove | $2,850 | $2,023 | $2,037 |
| 60096 | Winthrop Harbor | $1,710 | $1,196 | $1,313 |
| 60099 | Zion | $1,640 | $1,153 | $1,160 |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.