Tags: 2024 SAFMRS Chicago-Joliet-Naperville, IL HUD Metro FMR Area
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Return to the state page to see where Illinois ranks nationally and to view information on other counties. Click on the map to view a different county.
The top four largest cities in Lake County are Waukegan, Round Lake, Lake Zurich, and Gurnee. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.
What type of FMR does Lake County use?
Lake County is determined by the HUD to use Small Area Fair Market Rents. 40th percentile FMRs still exist for this county but they are not used.
To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.
How does Lake County compare?
Lake County ($1,714) has a 78.9% higher FMR for 2-Bedroom housing than the average of Illinois ($958) and therefore a higher gross rent.
Lake County is rank 2nd out of 102 counties. This means the FMRs, or in other words, the gross rent is higher than 100 other counties. Lake County is the 2nd most expensive county in terms of FMRs.
Rent Tables Lake County, IL
Fair Market Rent (40th Percentile)
studio
1-Bedroom
2-Bedroom
3-Bedroom
4-Bedroom
Median Rent (50th Percentile)
studio
1-Bedroom
2-Bedroom
3-Bedroom
4-Bedroom
Small Market Areas (By Zip Code)
The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.
FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.
For a more in-depth explaination return to the overview page.
| ZipCode | Studio | 1-Bed | 2-Bed | 3-Bed | 4-Bed |
|---|---|---|---|---|---|
| 60002 | $1,220 | $1,320 | $1,500 | $1,910 | $2,260 |
| 60013 | $1,530 | $1,640 | $1,870 | $2,380 | $2,820 |
| 60020 | $1,330 | $1,430 | $1,630 | $2,080 | $2,460 |
| 60021 | $1,520 | $1,640 | $1,860 | $2,370 | $2,800 |
| 60030 | $1,560 | $1,680 | $1,910 | $2,430 | $2,880 |
| 60031 | $1,530 | $1,640 | $1,870 | $2,380 | $2,820 |
| 60035 | $2,070 | $2,220 | $2,530 | $3,220 | $3,810 |
| 60037 | $1,440 | $1,550 | $1,760 | $2,240 | $2,650 |
| 60040 | $1,630 | $1,760 | $2,000 | $2,550 | $3,010 |
| 60041 | $1,190 | $1,280 | $1,460 | $1,860 | $2,200 |
| 60042 | $1,740 | $1,870 | $2,130 | $2,710 | $3,210 |
| 60044 | $1,690 | $1,820 | $2,070 | $2,640 | $3,120 |
| 60045 | $2,100 | $2,260 | $2,570 | $3,270 | $3,870 |
| 60046 | $1,560 | $1,680 | $1,910 | $2,430 | $2,880 |
| 60047 | $1,950 | $2,100 | $2,390 | $3,040 | $3,600 |
| 60048 | $1,680 | $1,810 | $2,060 | $2,620 | $3,100 |
| 60050 | $1,520 | $1,640 | $1,860 | $2,370 | $2,800 |
| 60051 | $1,610 | $1,730 | $1,970 | $2,510 | $2,970 |
| 60060 | $1,630 | $1,760 | $2,000 | $2,550 | $3,010 |
| 60061 | $1,890 | $2,030 | $2,310 | $2,940 | $3,480 |
| 60064 | $1,170 | $1,260 | $1,430 | $1,820 | $2,150 |
| 60069 | $2,100 | $2,260 | $2,570 | $3,270 | $3,870 |
| 60073 | $1,550 | $1,670 | $1,900 | $2,420 | $2,860 |
| 60075 | $1,440 | $1,550 | $1,760 | $2,240 | $2,650 |
| 60079 | $1,440 | $1,550 | $1,760 | $2,240 | $2,650 |
| 60081 | $1,420 | $1,530 | $1,740 | $2,220 | $2,620 |
| 60083 | $1,900 | $2,050 | $2,330 | $2,970 | $3,510 |
| 60084 | $1,360 | $1,460 | $1,660 | $2,110 | $2,500 |
| 60085 | $1,210 | $1,300 | $1,480 | $1,880 | $2,230 |
| 60087 | $1,280 | $1,380 | $1,570 | $2,000 | $2,370 |
| 60088 | $1,950 | $2,100 | $2,390 | $3,040 | $3,600 |
| 60096 | $1,220 | $1,320 | $1,500 | $1,910 | $2,260 |
| 60099 | $1,280 | $1,380 | $1,570 | $2,000 | $2,370 |
| ZipCode | Studio | 1-Bed | 2-Bed | 3-Bed | 4-Bed |
|---|---|---|---|---|---|
| 60002 | $1,098 | $1,188 | $1,350 | $1,719 | $2,034 |
| 60013 | $1,377 | $1,476 | $1,683 | $2,142 | $2,538 |
| 60020 | $1,197 | $1,287 | $1,467 | $1,872 | $2,214 |
| 60021 | $1,368 | $1,476 | $1,674 | $2,133 | $2,520 |
| 60030 | $1,404 | $1,512 | $1,719 | $2,187 | $2,592 |
| 60031 | $1,377 | $1,476 | $1,683 | $2,142 | $2,538 |
| 60035 | $1,863 | $1,998 | $2,277 | $2,898 | $3,429 |
| 60037 | $1,296 | $1,395 | $1,584 | $2,016 | $2,385 |
| 60040 | $1,467 | $1,584 | $1,800 | $2,295 | $2,709 |
| 60041 | $1,071 | $1,152 | $1,314 | $1,674 | $1,980 |
| 60042 | $1,566 | $1,683 | $1,917 | $2,439 | $2,889 |
| 60044 | $1,521 | $1,638 | $1,863 | $2,376 | $2,808 |
| 60045 | $1,890 | $2,034 | $2,313 | $2,943 | $3,483 |
| 60046 | $1,404 | $1,512 | $1,719 | $2,187 | $2,592 |
| 60047 | $1,755 | $1,890 | $2,151 | $2,736 | $3,240 |
| 60048 | $1,512 | $1,629 | $1,854 | $2,358 | $2,790 |
| 60050 | $1,368 | $1,476 | $1,674 | $2,133 | $2,520 |
| 60051 | $1,449 | $1,557 | $1,773 | $2,259 | $2,673 |
| 60060 | $1,467 | $1,584 | $1,800 | $2,295 | $2,709 |
| 60061 | $1,701 | $1,827 | $2,079 | $2,646 | $3,132 |
| 60064 | $1,053 | $1,134 | $1,287 | $1,638 | $1,935 |
| 60069 | $1,890 | $2,034 | $2,313 | $2,943 | $3,483 |
| 60073 | $1,395 | $1,503 | $1,710 | $2,178 | $2,574 |
| 60075 | $1,296 | $1,395 | $1,584 | $2,016 | $2,385 |
| 60079 | $1,296 | $1,395 | $1,584 | $2,016 | $2,385 |
| 60081 | $1,278 | $1,377 | $1,566 | $1,998 | $2,358 |
| 60083 | $1,710 | $1,845 | $2,097 | $2,673 | $3,159 |
| 60084 | $1,224 | $1,314 | $1,494 | $1,899 | $2,250 |
| 60085 | $1,089 | $1,170 | $1,332 | $1,692 | $2,007 |
| 60087 | $1,152 | $1,242 | $1,413 | $1,800 | $2,133 |
| 60088 | $1,755 | $1,890 | $2,151 | $2,736 | $3,240 |
| 60096 | $1,098 | $1,188 | $1,350 | $1,719 | $2,034 |
| 60099 | $1,152 | $1,242 | $1,413 | $1,800 | $2,133 |
| ZipCode | Studio | 1-Bed | 2-Bed | 3-Bed | 4-Bed |
|---|---|---|---|---|---|
| 60002 | $1,342 | $1,452 | $1,650 | $2,101 | $2,486 |
| 60013 | $1,683 | $1,804 | $2,057 | $2,618 | $3,102 |
| 60020 | $1,463 | $1,573 | $1,793 | $2,288 | $2,706 |
| 60021 | $1,672 | $1,804 | $2,046 | $2,607 | $3,080 |
| 60030 | $1,716 | $1,848 | $2,101 | $2,673 | $3,168 |
| 60031 | $1,683 | $1,804 | $2,057 | $2,618 | $3,102 |
| 60035 | $2,277 | $2,442 | $2,783 | $3,542 | $4,191 |
| 60037 | $1,584 | $1,705 | $1,936 | $2,464 | $2,915 |
| 60040 | $1,793 | $1,936 | $2,200 | $2,805 | $3,311 |
| 60041 | $1,309 | $1,408 | $1,606 | $2,046 | $2,420 |
| 60042 | $1,914 | $2,057 | $2,343 | $2,981 | $3,531 |
| 60044 | $1,859 | $2,002 | $2,277 | $2,904 | $3,432 |
| 60045 | $2,310 | $2,486 | $2,827 | $3,597 | $4,257 |
| 60046 | $1,716 | $1,848 | $2,101 | $2,673 | $3,168 |
| 60047 | $2,145 | $2,310 | $2,629 | $3,344 | $3,960 |
| 60048 | $1,848 | $1,991 | $2,266 | $2,882 | $3,410 |
| 60050 | $1,672 | $1,804 | $2,046 | $2,607 | $3,080 |
| 60051 | $1,771 | $1,903 | $2,167 | $2,761 | $3,267 |
| 60060 | $1,793 | $1,936 | $2,200 | $2,805 | $3,311 |
| 60061 | $2,079 | $2,233 | $2,541 | $3,234 | $3,828 |
| 60064 | $1,287 | $1,386 | $1,573 | $2,002 | $2,365 |
| 60069 | $2,310 | $2,486 | $2,827 | $3,597 | $4,257 |
| 60073 | $1,705 | $1,837 | $2,090 | $2,662 | $3,146 |
| 60075 | $1,584 | $1,705 | $1,936 | $2,464 | $2,915 |
| 60079 | $1,584 | $1,705 | $1,936 | $2,464 | $2,915 |
| 60081 | $1,562 | $1,683 | $1,914 | $2,442 | $2,882 |
| 60083 | $2,090 | $2,255 | $2,563 | $3,267 | $3,861 |
| 60084 | $1,496 | $1,606 | $1,826 | $2,321 | $2,750 |
| 60085 | $1,331 | $1,430 | $1,628 | $2,068 | $2,453 |
| 60087 | $1,408 | $1,518 | $1,727 | $2,200 | $2,607 |
| 60088 | $2,145 | $2,310 | $2,629 | $3,344 | $3,960 |
| 60096 | $1,342 | $1,452 | $1,650 | $2,101 | $2,486 |
| 60099 | $1,408 | $1,518 | $1,727 | $2,200 | $2,607 |
Related Areas
Fair Market Rents on this page apply to the following cities in Lake County, Illinois: Waukegan, Round Lake, Lake Zurich, Gurnee, Mundelein, Grayslake, Lake Villa, Mchenry, Highland Park, Libertyville, Zion, Cary, Vernon Hills, Antioch, Lake Forest, Wauconda, North Chicago, Lake Bluff, Spring Grove, and Ingleside.
These Fair Market Rents also apply to the following ZIP codes in Lake County, Illinois: 60085, 60073, 60047, 60031, 60060, 60030, 60046, 60050, 60035, 60048, 60099, 60013, 60061, 60087, 60002, 60051, 60045, 60084, 60064, and 60044.
Lake County, IL is considered part of the following metro FMR area: CHICAGO-JOLIET-NAPERVILLE, IL HUD METRO FMR AREA.
Other counties in the same metro FMR area are: Cook County, IL, DuPage County, IL, Kane County, IL, McHenry County, IL, and Will County, IL.
More on Lake County, IL
- Loan Limits to view maximum loan amounts in Lake County, IL
- Property Taxes to find local Property Taxes
- Income Limits to learn more about income assistance in your area
- Housing Authorites to find your local Housing Authorities
Citation
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Data Source
Fair Market Rents are published by the Department of Housing And Urban Development.