Lake County
FY 2026 HUD Fair Market Rents in Illinois. Population: 713,159.
Fair Market Rents (2026)
Studio
National avg: $893
$1,480/mo
↑ 1.5% YoY
+66% vs US
1 Bedroom
National avg: $959
$1,581/mo
↑ 1.3% YoY
+65% vs US
2 Bedroom
National avg: $1,175
$1,781/mo
↑ 1.1% YoY
+52% vs US
3 Bedroom
National avg: $1,525
$2,294/mo
↑ 1.4% YoY
+50% vs US
4 Bedroom
National avg: $1,756
$2,653/mo
↓ 0.2% YoY
+51% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $1,458 | $1,480 | +$22 (+1.5%) |
| 1 Bedroom | $1,560 | $1,581 | +$21 (+1.3%) |
| 2 Bedroom | $1,761 | $1,781 | +$20 (+1.1%) |
| 3 Bedroom | $2,262 | $2,294 | +$32 (+1.4%) |
| 4 Bedroom | $2,657 | $2,653 | $-4 (-0.2%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$63,240
$5,270/month gross
Required annual income for 2 BR
$71,240
$5,937/month gross
Other Counties in Illinois
Kankakee County
1 BR: $1,011/mo
Pope County
1 BR: $828/mo
De Witt County
1 BR: $790/mo
Gallatin County
1 BR: $698/mo
Henderson County
1 BR: $698/mo
Warren County
1 BR: $698/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.