At $2,166/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,166 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Itasca changed +3.5% over the year to September 2026. Across the 94 Illinois cities Zillow tracks, the typical change was +4.0%.
Rent has fallen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($114,294) is $2,857 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,610); a 4-bedroom is $3,060.
Elk Grove Village, 3 miles away, rents for 15% less ($1,833/mo), about $4,000 a year in savings.
From Zillow's monthly rent index (ZORI) for Itasca. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Itasca, IL is majority owner-occupied, has a median income above the national average, 52.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Itasca, IL has changed in 5 years
Household income in the area moved from $109,146 to $114,294 across the same window, up 4.7% versus 2021. Census counts show Itasca, IL losing about 268 residents over the five-year window, down 2.8% on net. The renter share has risen from 25.9% to 30.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 48.2% to 52.9% across the same window.
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Can you afford rent in Itasca on your salary?
At $2,166/mo, how Itasca rent compares to typical pay (30% rule).
Itasca rent by bedroom count
Median rent for each apartment size in Itasca. Click any size for full breakdown.
Tips for renters in Itasca
Last updated: October 17, 2026
The median rent in Itasca is $2,166/mo as of October 2026. A studio apartment averages $1,680/mo while a 2-bedroom runs $2,030/mo. One-bedroom apartments average $1,800/mo and 3-bedroom units go for $2,610/mo.
At 23% of local median household income ($114,294/yr), Itasca ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.
Frequently asked questions
How much income do you need to rent in Itasca?
Is rent going up or down in Itasca?
How does Itasca rent compare to other cities in Illinois?
Which nearby cities are cheaper to rent in than Itasca?
At $2,166/mo, rent takes ~23% of Itasca's median household income ($114,294/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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