Rents are right about where Vernon Hills's 10-year trend predicts.
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 $2,420 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: August 17, 2026
Is your rent fair?
Compare your rent to the local median.
Who lives here
Vernon Hills, IL is majority owner-occupied, has a median income above the national average, 67.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Vernon Hills, IL has changed in 5 years
Across the past five years, the going rent in Vernon Hills, IL has shifted from $1,748 to $2,420, up 38.4% since 2021. Census figures show median household income at $121,943 today, compared with $107,938 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Bachelor's-degree-or-higher attainment moved from 63.2% to 67.8% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
Discussions about Vernon Hills
No discussions yet. Start the conversation.
Can you afford rent in Vernon Hills on your salary?
At $2,420/mo, how Vernon Hills rent compares to typical pay (30% rule).
Vernon Hills rent by bedroom count
Median rent for each apartment size in Vernon Hills. Click any size for full breakdown.
Tips for renters in Vernon Hills
Last updated: August 17, 2026
The median rent in Vernon Hills is $2,420/mo as of August 2026. A studio apartment averages $1,970/mo while a 2-bedroom runs $2,380/mo. One-bedroom apartments average $2,110/mo and 3-bedroom units go for $3,060/mo.
At 24% of local median household income ($121,943/yr), Vernon Hills ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.5% over the past year.
Frequently asked questions
Is Vernon Hills an affordable city for renters?
How much income do you need to rent in Vernon Hills?
Is rent going up or down in Vernon Hills?
How does Vernon Hills rent compare to other cities in Illinois?
Which nearby cities are cheaper to rent in than Vernon Hills?
What percentage of Vernon Hills residents rent vs. own?
How does Vernon Hills rent compare to the national average?
At $2,420/mo, rent takes ~24% of Vernon Hills's median household income ($121,943/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Vernon Hills.
No discussions yet.
