Fair Market Rents: Lake County, IL (FY2026)
HUD's FY2026 Fair Market Rents for Lake County set the ceiling for what Housing Choice Vouchers pay locally. FMR equals the estimated 40th-percentile gross rent — shelter plus utilities — for modest, non-luxury units.
| Unit size | FY2026 FMR | IL median* |
|---|---|---|
| Studio (0-BR) | $1,480/mo | $694 (+113%) |
| 1 Bedroom | $1,581/mo | $789 (+100%) |
| 2 Bedrooms | $1,781/mo | $954 (+87%) |
| 3 Bedrooms | $2,294/mo | $1,271 (+80%) |
| 4+ Bedrooms | $2,653/mo | $1,449 (+83%) |
*Median across all FMR-publishing counties in IL. Source: HUD FY2026 FMR schedule.
Using FMR as a voucher holder in Lake County
- Your housing authority sets payment standards per bedroom, typically 90–110% of these figures. How payment standards work →
- You may rent above the standard by paying the difference, subject to a 40%-of-income cap at lease-up.
- In high-cost pockets, ask about exception standards or Small Area FMRs by ZIP code.
Subsidized housing in Lake County
We track 73 assisted properties countywide:
| City | Properties | Assisted units |
|---|---|---|
| Fox Lake | 3 | 309 |
| Gurnee | 10 | 1,100 |
| Highland Park | 4 | 219 |
| Lake Zurich | 3 | 235 |
| Mundelein | 3 | 80 |
| North Chicago | 7 | 635 |
| Round Lake Beach | 3 | 470 |
| Vernon Hills | 3 | 289 |
| Waukegan | 23 | 2,881 |
| Zion | 13 | 1,536 |