HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in McHenry County, Illinois (FY 2027)
$2,011 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in McHenry County, and it's the baseline every voucher in McHenry is measured against.
Two-bedroom FMR
$2,011
+12.9% from FY 2026
Payment standard
$1,810–$2,212
90% to 110% of the FMR, two-bedroom
Income to afford
$80,440
a year, with rent at 30% of income
Rank in Illinois
6th of 102
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,678 | $1,510–$1,846 | $67,120 | $32.27/hr | +13.4% |
| 1 bedroom | $1,780 | $1,602–$1,958 | $71,200 | $34.23/hr | +12.6% |
| 2 bedroom | $2,011 | $1,810–$2,212 | $80,440 | $38.67/hr | +12.9% |
| 3 bedroom | $2,586 | $2,327–$2,845 | $103,440 | $49.73/hr | +12.7% |
| 4 bedroom | $2,954 | $2,659–$3,249 | $118,160 | $56.81/hr | +11.3% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $3,397 | $3,057–$3,737 |
| 6 bedroom Estimate | $3,840 | $3,456–$4,224 |
| 7 bedroom Estimate | $4,283 | $3,855–$4,711 |
| 8 bedroom Estimate | $4,726 | $4,253–$5,199 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in McHenry actually rent for?
Search any address in McHenry for a rent estimate built from nearby comps, with the HUD figure right next to it.
No card needed
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in McHenry somewhere between $1,810 and $2,212. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$2,011 a month is affordable, by HUD's 30% rule, on an income of roughly $80,440 a year. Put another way, $39 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,810 | Voucher pays at 100%$2,011 | Voucher pays at 110%$2,212 |
|---|---|---|---|---|
| $2,500 | $750 | $1,060 | $1,261 | $1,462 |
| $4,000 | $1,200 | $610 | $811 | $1,012 |
Rate history
The two-bedroom rate went up 13% from FY 2026 ($1,781) to FY 2027 ($2,011). Since FY 2020 it's up 61% in total, about 7.1% a year. The Illinois median moved up 1% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $956 | $1,076 | $1,248 | $1,585 | $1,888 | — |
| FY 2021 | $1,012 | $1,122 | $1,299 | $1,649 | $1,969 | +4.1% |
| FY 2022 | $1,059 | $1,161 | $1,340 | $1,697 | $2,018 | +3.2% |
| FY 2023 | $1,158 | $1,255 | $1,440 | $1,827 | $2,172 | +7.5% |
| FY 2024 | $1,399 | $1,507 | $1,714 | $2,182 | $2,583 | +19.0% |
| FY 2025 | $1,458 | $1,560 | $1,761 | $2,262 | $2,657 | +2.7% |
| FY 2026 | $1,480 | $1,581 | $1,781 | $2,294 | $2,653 | +1.1% |
| FY 2027In effect | $1,678 | $1,780 | $2,011 | $2,586 | $2,954 | +12.9% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In McHenry, that runs from $1,678 for a studio up to $2,954 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps McHenry in with 5 other counties in the Chicago-Joliet-Naperville metro, Cook County, DuPage County, Lake County among them, and every one of them gets $2,011 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Illinois's 102 counties, McHenry ranks 6th for two-bedroom FMR. That's about 110% above the state median of $958 and about 89% above the national median county at $1,063. About 312,591 people live here, 6th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,450 in 60072 (Ringwood) and $3,020 in 60021 (Fox River Grove), with the 19 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 60001 | Alden | $2,011County rate | — |
| 60012 | Crystal Lake | $2,190 | +8.9% |
| 60013 | Cary | $2,120 | +5.4% |
| 60014 | Crystal Lake | $1,990 | -1.0% |
| 60021 | Fox River Grove | $3,020 | +50.2% |
| 60033 | Harvard | $1,640 | -18.4% |
| 60034 | Hebron | $1,520 | -24.4% |
| 60039 | Crystal Lake | $1,920 | -4.5% |
| 60050 | Mchenry | $2,100 | +4.4% |
| 60051 | Mchenry | $2,270 | +12.9% |
| 60071 | Richmond | $1,650 | -18.0% |
| 60072 | Ringwood | $1,450 | -27.9% |
| 60081 | Spring Grove | $1,660 | -17.5% |
| 60097 | Wonder Lake | $1,870 | -7.0% |
| 60098 | Woodstock | $1,670 | -17.0% |
| 60102 | Algonquin | $2,690 | +33.8% |
| 60142 | Huntley | $2,120 | +5.4% |
| 60152 | Marengo | $1,490 | -25.9% |
| 60156 | Lake In The Hills | $2,310 | +14.9% |
| 60180 | Union | $1,780 | -11.5% |
Counties sharing the Chicago-Joliet-Naperville metro rate
HUD sets one rate for the whole metro, so every county here carries the same $2,011 two-bedroom figure as McHenry.
Nearby counties
Two-bedroom FMR, with how each compares to McHenry.
Lake County
22 mi · 714,223 people
$2,011
same rate
Boone County
23 mi · 53,230 people
$1,172
-42%
Kane County
26 mi · 517,255 people
$2,011
same rate
DeKalb County
34 mi · 100,703 people
$1,481
-26%
DuPage County
35 mi · 930,024 people
$2,011
same rate
Winnebago County
38 mi · 283,292 people
$1,172
-42%
Cook County
43 mi · 5,182,090 people
$2,011
same rate
Kendall County
46 mi · 137,675 people
$2,341
+16%
Questions people ask
$2,011 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,678 for a studio, $1,780 for one bedroom, $2,586 for three and $2,954 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in McHenry actually go for?
HUD's number is one input. Search any address in McHenry for a rent estimate built from nearby comps. Free to start, no card.
Free tier. No credit card.