Illinois · FIPS 17097 · HUD FY 2027
Lake County, Illinois Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Lake County is $2,011 a month (rent plus utilities), 17% above the Illinois average of $1,724 and 14% above the U.S. average of $1,761. That is up $230 (12.9%) from FY 2026. At 30% of income, a household needs about $80,440 a year to afford it.
- $2,0112-bedroom FMR+$230 (+12.9%) vs FY 2026
- $1,7801-bedroom FMRIllinois: $1,489 · U.S.: $1,478
- $80,440Income for a 2-bedroom$39/hour full-time
- 2 of 1022BR rank in Illinois1 = highest rent
| Unit | Lake County FY 2027 | FY 2026 | Change | Illinois avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,678 | $1,480 | +$198 (+13.4%) | $1,401 | $1,379 | $67,120 |
| 1 bedroom | $1,780 | $1,581 | +$199 (+12.6%) | $1,489 | $1,478 | $71,200 |
| 2 bedrooms | $2,011 | $1,781 | +$230 (+12.9%) | $1,724 | $1,761 | $80,440 |
| 3 bedrooms | $2,586 | $2,294 | +$292 (+12.7%) | $2,220 | $2,266 | $103,440 |
| 4 bedrooms | $2,954 | $2,653 | +$301 (+11.3%) | $2,524 | $2,607 | $118,160 |
How Lake County compares
- HUD sets this rent for the Chicago-Joliet-Naperville, IL metro FMR area, which covers 8,357,645 residents in 6 counties.
- Across Illinois, 2-bedroom FMRs run from $930 (White County) to $2,341 (Kendall County).
- Studio to 4-bedroom: $1,678, $1,780, $2,011, $2,586, $2,954. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 28 ZIP codes mostly in Lake County (by land area), the 2-bedroom figure ranges from $1,440 to $3,020.
Small Area FMRs by ZIP code in Lake County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 60002 | $1,380 | $1,460 | $1,650 | $2,120 | $2,420 | +$150 (+10.0%) | 18% below |
| 60015 | $2,520 | $2,670 | $3,020 | $3,880 | $4,440 | +$350 (+13.1%) | 50% above |
| 60020 | $1,450 | $1,540 | $1,740 | $2,240 | $2,560 | +$90 (+5.5%) | 13% below |
| 60030 | $1,840 | $1,960 | $2,210 | $2,840 | $3,250 | +$230 (+11.6%) | 10% above |
| 60031 | $1,930 | $2,040 | $2,310 | $2,970 | $3,390 | +$280 (+13.8%) | 15% above |
| 60035 | $2,230 | $2,360 | $2,670 | $3,430 | $3,920 | +$210 (+8.5%) | 33% above |
| 60040 | $2,130 | $2,260 | $2,550 | $3,280 | $3,750 | +$310 (+13.8%) | 27% above |
| 60041 | $1,200 | $1,270 | $1,440 | $1,850 | $2,120 | +$120 (+9.1%) | 28% below |
| 60042 | $2,120 | $2,250 | $2,540 | $3,270 | $3,730 | +$290 (+12.9%) | 26% above |
| 60044 | $1,900 | $2,020 | $2,280 | $2,930 | $3,350 | +$180 (+8.6%) | 13% above |
| 60045 | $2,470 | $2,620 | $2,960 | $3,810 | $4,350 | +$290 (+10.9%) | 47% above |
| 60046 | $1,910 | $2,030 | $2,290 | $2,940 | $3,360 | +$250 (+12.3%) | 14% above |
| 60047 | $2,200 | $2,340 | $2,640 | $3,400 | $3,880 | +$290 (+12.3%) | 31% above |
| 60048 | $1,850 | $1,970 | $2,220 | $2,850 | $3,260 | +$220 (+11.0%) | 10% above |
| 60060 | $1,830 | $1,940 | $2,190 | $2,820 | $3,220 | +$200 (+10.1%) | 9% above |
| 60061 | $2,190 | $2,320 | $2,620 | $3,370 | $3,850 | +$230 (+9.6%) | 30% above |
| 60064 | $1,340 | $1,420 | $1,600 | $2,060 | $2,350 | +$170 (+11.9%) | 20% below |
| 60069 | $2,520 | $2,670 | $3,020 | $3,880 | $4,440 | +$350 (+13.1%) | 50% above |
| 60073 | $1,790 | $1,900 | $2,150 | $2,760 | $3,160 | +$240 (+12.6%) | 7% above |
| 60075 | $1,370 | $1,420 | $1,680 | $2,210 | $2,530 | +$90 (+5.7%) | 16% below |
| 60083 | $2,000 | $2,120 | $2,400 | $3,090 | $3,530 | +$150 (+6.7%) | 19% above |
| 60084 | $1,520 | $1,610 | $1,820 | $2,340 | $2,670 | +$180 (+11.0%) | 9% below |
| 60085 | $1,440 | $1,520 | $1,720 | $2,210 | $2,530 | +$180 (+11.7%) | 14% below |
| 60087 | $1,540 | $1,630 | $1,840 | $2,370 | $2,700 | +$210 (+12.9%) | 9% below |
| 60088 | $2,130 | $2,260 | $2,550 | $3,280 | $3,750 | +$210 (+9.0%) | 27% above |
| 60089 | $2,380 | $2,520 | $2,850 | $3,670 | $4,190 | +$290 (+11.3%) | 42% above |
| 60096 | $1,430 | $1,510 | $1,710 | $2,200 | $2,510 | +$200 (+13.2%) | 15% below |
| 60099 | $1,370 | $1,450 | $1,640 | $2,110 | $2,410 | +$150 (+10.1%) | 18% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.