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Home/IL/Lake County

Lake County, IL

CountySAFMR
Found 40 ZIPs
Zillow

County Median Investment Score

94Below average

095130300
BRFMR
Eff. Rent
0 BR$1,200 – $2,520$1,100 – $2,260
1 BR$1,270 – $2,670$1,310 – $2,480
2 BR$1,440 – $3,020$1,480 – $3,100
3 BR$1,850 – $3,880$1,940 – $3,770
4 BR$2,120 – $4,440$2,090 – $4,790
5 BR$3,737Not available
6 BR$4,298Not available
7 BR$4,943Not available
8 BR$5,684Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
7
0.78-1.65
1 BR
5
5
0.74-1.55
2 BR
7
0.67-1.58
3 BR
9
0.77-1.48
4 BR
7
0.55-1.45
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Lake County, IL fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 40 ZIP codes in Lake County, IL ranges from $1,440 to $3,020 a month, with a median of $2,210. That is up 11.6% from $1,980 in FY 2026. Lake County is in the Chicago-Joliet-Naperville, IL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Illinois is $958, so Lake County is 131% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Lake County, IL
BedroomsFY 2027Change90–110% range
Studio$1,840+12.2%$1,656–$2,024
1BR$1,960+11.4%$1,764–$2,156
2BR$2,210+11.6%$1,989–$2,431
3BR$2,840+11.4%$2,556–$3,124
4BR$3,250+10.2%$2,925–$3,575

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Lake County, IL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,840$1,960$2,210$2,840$3,250
FY 2026$1,640$1,760$1,980$2,550$2,950
FY 2025$1,630$1,740$1,970$2,530$2,970
FY 2024$1,530$1,640$1,870$2,380$2,820
FY 2023$1,290$1,390$1,600$2,030$2,410

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
60010$3,020+36.7%
60015$3,020+36.7%
60021$3,020+36.7%
60069$3,020+36.7%
60045$2,960+33.9%
60089$2,850+29.0%
60035$2,670+20.8%
60047$2,640+19.5%
60061$2,620+18.6%
60040$2,550+15.4%
60088$2,550+15.4%
60042$2,540+14.9%
60083$2,400+8.6%
60031$2,310+4.5%
60046$2,290+3.6%
60090$2,290+3.6%
60044$2,280+3.2%
60051$2,270+2.7%
60048$2,220+0.5%
60030$2,2100.0%
60060$2,190−0.9%
60074$2,170−1.8%
60073$2,150−2.7%
60013$2,120−4.1%

Showing the 24 highest of 39 ZIP codes.

Questions about Lake County, IL rents

How much will Section 8 pay for a two-bedroom in Lake County, IL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,210, that basic range is $1,989 to $2,431 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Lake County, IL in?

Lake County, IL is in the Chicago-Joliet-Naperville, IL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Lake County, IL for FY 2027?

The two-bedroom FMR rose 11.6%, from $1,980 in FY 2026 to $2,210 in FY 2027. Since FY 2023 it has risen 38.1%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

IL statewide rentsWhat is SAFMR?Data sources