What is the Fair Market Rent in Northlake, IL?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60164, which covers Northlake, is $1,570 a month.
Across the whole Chicago-Joliet-Naperville, IL HUD Metro FMR Area the two-bedroom figure is $2,011.
The Census Bureau’s median gross rent for a two-bedroom home in Northlake is $1,285 (±$231), below the Small Area figure for ZIP 60164.
Figures last updated on .
- 2 bedrooms, whole area
- $2,011
- 2 bedrooms, ZIP 60164
- $1,570
Fair Market Rents for Northlake, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms | Census median rent | |
|---|---|---|---|---|---|---|
| Chicago-Joliet-Naperville, IL HUD Metro FMR Area (whole area) | $1,678 | $1,780 | $2,011 | $2,586 | $2,954 | — |
| ZIP 60164 (65% of the ZIP’s land is in this place) | $1,310 | $1,390 | $1,570 | $2,020 | $2,310 | $1,159 |
A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.
Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.
What you can do on Seayora in Northlake
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Northlake beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Northlake, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Northlake, and send estimates and invoices from your phone.
Questions about Northlake
What is the Section 8 payment standard in Northlake?
Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Chicago-Joliet-Naperville, IL HUD Metro FMR Area is $2,011, and the Small Area figure for 60164 is $1,570.
What is the Fair Market Rent for a two-bedroom in ZIP 60164?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60164 is $1,570 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,159 (±$119).
What is the Fair Market Rent for a one-bedroom in Northlake?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 60164 is $1,390 a month, against $1,780 across the Chicago-Joliet-Naperville, IL HUD Metro FMR Area.
Sources
- HUD Fair Market Rents, fiscal year 2027: Chicago-Joliet-Naperville, IL HUD Metro FMR Area
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Chicago-Joliet-Naperville, IL HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
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.
Figures last updated on .
Related
- Housing in Northlake at a glance
- Median rent in Northlake
- Rent by bedrooms in Northlake
- Rent burden in Northlake
- Renters and owners in Northlake
- Income and affordability in Northlake
- Home values in Northlake
- Homeowner costs in Northlake
- Property taxes in Northlake
- Types of homes in Northlake
- Bedrooms in Northlake
- Age of homes in Northlake
- Vacancy rate in Northlake
- Heating fuel in Northlake
- Commute and cars in Northlake
- Crime reported to police in Northlake
- Population growth in Northlake
- How long people stay in Northlake
- Crowding and facilities in Northlake
- Illinois landlord and tenant rules
- Housing across Cook County
- Housing data for every place in Illinois