Maywood, IL Late Fee Limits 2026
Late fees in Maywood must be reasonable. Charge more and tenants sue to recover — courts void excessive fees regardless of what the lease says.
In Illinois, late fees must be reasonable and proportional to actual damages from late payment. There is no specific statutory cap, but courts void excessive fees. A 5-day grace period applies.
This applies to properties in Maywood, IL. Check all requirements for your property →
Key Takeaways — Maywood Late Fee Limits
- Key rule: Must Be Reasonable
- Violation risk: face a challenge in court
Late Fee Limits in Maywood
Maywood landlords must follow Illinois state law on late fee limits. Understanding the specific rules, deadlines, and penalties can prevent costly violations.
$1,781
median 2BR rent
Must Be Reasonable
key requirement
Penalty Warning
Violate Illinois late fee limits rules in Maywood and you could face a challenge in court. At Maywood's median rent of $1,781/month, even a single violation adds up fast.
Maywood Rental Market Context
Maywood is the 103rd-largest city in Illinois (population 22,880). With a median 2-bedroom rent of $1,781/month, it falls in the premium range for Illinois rental costs — 87% above the state median of $952/month.
How Maywood Compares in Cook County
Maywood ranks #34 of 92 cities in Cook County by population. Because late fee limits rules are often tied to rent amounts, costs vary across the county.
| City | Population | Median Rent | Late Fee Limit |
|---|---|---|---|
| Chicago | 2,664,452 | $1,781/mo | Reasonable |
| Cicero | 81,004 | $1,781/mo | Reasonable |
| Schaumburg | 75,750 | $1,781/mo | Reasonable |
| Evanston | 75,070 | $1,781/mo | Reasonable |
| Arlington Heights | 74,495 | $1,781/mo | Reasonable |
| Skokie | 64,937 | $1,781/mo | Reasonable |
| Palatine | 64,869 | $1,781/mo | Reasonable |
| Des Plaines | 58,010 | $1,781/mo | Reasonable |
| Orland Park | 57,074 | $1,781/mo | Reasonable |
| Oak Lawn | 55,734 | $1,781/mo | Reasonable |
| Berwyn | 54,414 | $1,781/mo | Reasonable |
| Mount Prospect | 54,298 | $1,781/mo | Reasonable |
| Tinley Park | 53,886 | $1,781/mo | Reasonable |
| Oak Park | 52,055 | $1,781/mo | Reasonable |
| Hoffman Estates | 50,179 | $1,781/mo | Reasonable |
Rents based on HUD Fair Market Rents (FY2026) for Cook County, Illinois. All cities follow Illinois state law unless a local ordinance applies.
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Rents based on HUD Fair Market Rents (FY2026) for Cook County.
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Late Fee Limits in Nearby Cities
Own properties in multiple cities? Rules may differ locally:
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Founder & CEO, LeaseBase · Sacramento landlord · Self-managing since 2019
LeaseBase is a property management platform — not a law firm. Consult an attorney for legal advice specific to your situation.
