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City Report · IL

Mchenry

Pop. 28,074·73rd most expensive in Illinois·Rental market data updated monthly for McHenry, IL
Median rent (all units)
$1,893/mo
Year-over-Year
Stable
Month-over-Month
+6.5%
vs US Median
-$72
Rising (Monthly)
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Most AffordableMost Expensive
Mchenry · $1,893
More expensive than 52% of US cities · National median $1,965/mo
Affordability
26% of income
AFFORDABLE
0%30% benchmark60%+

At $1,893/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$76,000/yr
Local median income
$86,315/yr
Based on the 30%-of-income rule using Mchenry's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,580
1 BR
$1,690
2 BR
$1,910
3 BR
$2,450
4 BR+
$2,880
Research median
$1,910/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$22,716/yr
At $1,893/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +6.5% MoM), not inventory.
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Demographics

Who lives here

Mchenry, IL is majority owner-occupied, 25.7% of residents hold a bachelor's degree or higher.

Population
28,074
Median income
$86,315
Median age
43.9
Renters
25.6%
Age distribution
19.8%
19.7%
25.2%
16%
19.3%
Under 1819.8%
18–3419.7%
35–5425.2%
55–6416%
65+19.3%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
83.7%
15.8%
White83.7%
Black0.6%
Hispanic15.8%
Asian1.7%
Education (25+)
32.9%
33.1%
25.7%
No HS diploma8.4%
HS diploma32.9%
Some college33.1%
Bachelor's+25.7%
Housing tenure
74.4%
25.6%
Owner74.4%
Renter25.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Mchenry, IL has changed in 5 years

Income
$76,858 → $86,315
up 12.3%
Population
27,237 → 28,074
up 3.1%
Renter share
24.8% → 25.6%
+0.8 pts
Bachelor's+
28.2% → 25.7%
-2.5 pts
Median age
42.2 → 43.9
+1.7 yrs

Household income in the area moved from $76,858 to $86,315 across the same window, up 12.3% versus 2021. Census counts show Mchenry, IL adding about 837 residents over the five-year window, up 3.1% on net. Bachelor's-degree-or-higher attainment moved from 28.2% to 25.7% across the same window.

Community

Discussions about Mchenry

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View Mchenry rent history (2015–2026) →
Salary vs rent

Can you afford rent in Mchenry on your salary?

At $1,893/mo, how Mchenry rent compares to typical pay (30% rule).

By apartment size

Mchenry rent by bedroom count

Median rent for each apartment size in Mchenry. Click any size for full breakdown.

Local insights

Tips for renters in Mchenry

About renting in Mchenry, IL

Last updated: July 20, 2026

The median rent in Mchenry is $1,893/mo as of July 2026. A studio apartment averages $1,580/mo while a 2-bedroom runs $1,910/mo. One-bedroom apartments average $1,690/mo and 3-bedroom units go for $2,450/mo.

At 26% of local median household income ($86,315/yr), Mchenry ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Mchenry an affordable city for renters?

Mchenry is considered affordable for renters. At $1,893/mo, rent takes approximately 26% of the local median household income ($86,315/yr). The standard benchmark is 30%. Mchenry falls comfortably within that range.

How much income do you need to rent in Mchenry?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,893/mo in Mchenry. The local median household income is $86,315/yr, meaning the typical Mchenry household meets that threshold.

Is rent going up or down in Mchenry?

Rent in Mchenry has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Mchenry rent compare to other cities in Illinois?

Mchenry is middle-of-the-pack for Illinois for rent, ranking #73 out of 142 tracked cities at $1,893/mo.

Which nearby cities are cheaper to rent in than Mchenry?

Woodstock is nearby and more affordable at $1,492/mo, which is $401 less than Mchenry.

What percentage of Mchenry residents rent vs. own?

According to Census data, approximately 25.6% of Mchenry households are renters, while 74.4% are owner-occupied. Mchenry leans toward homeownership, which can mean a smaller rental inventory.

How does Mchenry rent compare to the national average?

Mchenry's median rent of $1,893/mo is $72 (4%) below the US national median of $1,965/mo. Within Illinois, it ranks #73 out of 142 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,893/mo, rent takes ~26% of Mchenry's median household income ($86,315/yr). The standard benchmark is 30%.

Mchenry 26%Benchmark 30%
State income tax4.95%
Run the Mchenry affordability calculator →
Lowest-rent ZIP codes in Mchenry
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Mchenry, IL

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