Rent by ZIP · Lake County
Rent in Island Lake, IL 60042
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,540 (+12.9% vs FY2026). Renters in this ZIP code pay a median $1,852 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $2,120 | $1,870 | +13.4% | $1,908–2,332 | – |
| 1 bedroom | $2,250 | $2,000 | +12.5% | $2,025–2,475 | $1,490 ±$312 |
| 2 bedrooms | $2,540 | $2,250 | +12.9% | $2,286–2,794 | $1,497 ±$300 |
| 3 bedrooms | $3,270 | $2,900 | +12.8% | $2,943–3,597 | $1,975 ±$245 |
| 4 bedrooms | $3,730 | $3,350 | +11.3% | $3,357–4,103 | – |
Small Area FMRs for the Chicago-Joliet-Naperville, IL HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Chicago-Joliet-Naperville, IL HUD Metro FMR Area, 2 bedrooms: $2,011.
What renters pay in 60042
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 60041 | Ingleside | $1,440 | – |
| 60043 | Kenilworth | $2,880 | – |
| 60040 | Highwood | $2,550 | $1,667 |
| 60044 | Lake Bluff | $2,280 | $1,653 |
| 60045 | Lake Forest | $2,960 | $1,685 |
| 60046 | Lake Villa | $2,290 | $1,697 |
Fair Market Rents across Lake County, IL · All IL counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.