How much is a 2-bedroom apartment in Island Lake, IL?

Name: Rent by bedrooms in Island Lake, IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

In Island Lake, IL, the median gross rent for a two-bedroom home is $1,605 (±$335) a month (2020–2024 American Community Survey, table B25031).

A one-bedroom home rents for a median of $1,490 (±$312).

A three-bedroom home rents for a median of $1,975 (±$245).

HUD’s fiscal year 2027 Fair Market Rent for a two-bedroom home in the Chicago-Joliet-Naperville, IL HUD Metro FMR Area is $2,011.

Figures last updated on November 12, 2026.

1 bedroom: $1,490 (±$312)
2 bedrooms: $1,605 (±$335)
3 bedrooms: $1,975 (±$245)

Rent by bedroom count in Island Lake

Median gross rent by number of bedrooms, estimate (90% margin of error)
	Island Lake	McHenry County	Illinois	United States
1 bedroom	$1,490 (±$312)	$1,067 (±$53)	$1,121 (±$9)	$1,235
2 bedrooms	$1,605 (±$335)	$1,440 (±$36)	$1,284 (±$8)	$1,407
3 bedrooms	$1,975 (±$245)	$1,743 (±$87)	$1,480 (±$12)	$1,584

A median for a bedroom size is published only where enough renting households of that size were surveyed; a dash means the Census Bureau did not publish one.

Census rents against HUD’s Fair Market Rent, fiscal year 2027

Dollars a month; the Fair Market Rent is for the Chicago-Joliet-Naperville, IL HUD Metro FMR Area
	Census median, this place	HUD Fair Market Rent
1 bedroom	$1,490 (±$312)	$1,780
2 bedrooms	$1,605 (±$335)	$2,011
3 bedrooms	$1,975 (±$245)	$2,586

A Fair Market Rent is HUD’s estimate of the gross rent of a modest rental home across the whole HUD area, set for the voucher program; the Census median is what renting households in this place reported paying.

The two answer different questions and are not expected to match.

Median gross rent, 2 bedrooms in places near Island Lake

Nearest places with a published estimate, compared with Island Lake
Place	Distance	Median gross rent, 2 bedrooms	Compared with this place
Island Lake	—	$1,605 (±$335)	—
Wauconda Township	1.8 mi	$1,737 (±$507)	Not measurably different
Oakwood Hills	2.9 mi	$1,694 (±$280)	Not measurably different
Wauconda	3.3 mi	$1,367 (±$153)	Not measurably different
Prairie Grove	3.6 mi	$1,792 (±$499)	Not measurably different
Nunda Township	3.8 mi	$1,647 (±$61)	Not measurably different
Volo	4.2 mi	$2,242 (±$106)	Higher
Lakemoor	4.2 mi	$1,747 (±$30)	Not measurably different
Cary	5.2 mi	$1,508 (±$292)	Not measurably different

Nearby places with a measurably higher figure: Volo, IL ($2,242).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent, 2 bedrooms across McHenry County, place by place

Rank	Place	Median gross rent, 2 bedrooms
5	McHenry	$1,665 (±$60)
6	Grafton Township	$1,664 (±$105)
7	Richmond Township	$1,661 (±$135)
8	Lake in the Hills	$1,660 (±$132)
9	Richmond	$1,648 (±$173)
10	Nunda Township	$1,647 (±$61)
11	Island Lake	$1,605 (±$335)
12	Huntley	$1,590 (±$212)
13	Algonquin Township	$1,524 (±$110)
14	Cary	$1,508 (±$292)
15	Crystal Lake	$1,449 (±$62)
16	McHenry Township	$1,409 (±$58)
17	Dorr Township	$1,376 (±$60)

Showing 13 of 27 places in McHenry County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

What you can do on Seayora in Island Lake

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Island Lake, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Island Lake beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Island Lake, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Island Lake

How much is a one-bedroom apartment in Island Lake?

The median gross rent for a one-bedroom home in Island Lake, IL is $1,490 (±$312) a month (2020–2024 American Community Survey).

How much is a two-bedroom apartment in Island Lake?

The median gross rent for a two-bedroom home in Island Lake, IL is $1,605 (±$335) a month (2020–2024 American Community Survey).

How much does a three-bedroom rental cost in Island Lake?

The median gross rent for a three-bedroom home in Island Lake, IL is $1,975 (±$245) a month (2020–2024 American Community Survey).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year detailed tables (acs/acs5) for Island Lake village, Illinois (place:37894, in state:17).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

B25031_002E, B25031_002M, B25031_003E, B25031_003M, B25031_004E, B25031_004M, B25031_005E, B25031_005M, B25031_006E, B25031_006M, B25031_007E, B25031_007M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.