At $1,901/mo, rent takes about 26% 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 $1,901 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
30% of the median household income ($86,315) is $2,158 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,910); a 3-bedroom is $2,450.
From Zillow's monthly rent index (ZORI) for Mchenry. 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
Mchenry, IL is majority owner-occupied, 25.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Mchenry, IL has changed in 5 years
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.
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Can you afford rent in Mchenry on your salary?
At $1,901/mo, how Mchenry rent compares to typical pay (30% rule).
Mchenry rent by bedroom count
Median rent for each apartment size in Mchenry. Click any size for full breakdown.
Tips for renters in Mchenry
Last updated: October 17, 2026
The median rent in Mchenry is $1,901/mo as of October 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.
Frequently asked questions
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Is rent going up or down in Mchenry?
How does Mchenry rent compare to other cities in Illinois?
Which nearby cities are cheaper to rent in than Mchenry?
At $1,901/mo, rent takes ~26% of Mchenry's median household income ($86,315/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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