HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Bond County, Illinois (FY 2026)
A two-bedroom in Bond County carries a FY 2026 Fair Market Rent of $916 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Bond keys off that figure.
2 bedroom FMR
$916
FY 2026, utilities included
Payment standard range
$824 to $1,008
90% to 110% of FMR
Income to afford 2BR
$36,640
per year, at 30% of income
Rank in Illinois
59th of 102
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Bond moves to $979. That's up 7%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Bond actually rent for?
Search any address in Bond for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $632 | $569 to $695 | $25,280 | $12.15/hr | +5.9% |
| 1 bedroom | $836 | $752 to $920 | $33,440 | $16.08/hr | +6.2% |
| 2 bedroom | $916 | $824 to $1,008 | $36,640 | $17.62/hr | +5.2% |
| 3 bedroom | $1,154 | $1,039 to $1,269 | $46,160 | $22.19/hr | +8.9% |
| 4 bedroom | $1,213 | $1,092 to $1,334 | $48,520 | $23.33/hr | +0.4% |
5 to 8 bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,395 | $1,256 to $1,535 |
| 6 bedroom Estimate | $1,577 | $1,419 to $1,735 |
| 7 bedroom Estimate | $1,759 | $1,583 to $1,935 |
| 8 bedroom Estimate | $1,941 | $1,747 to $2,135 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Bond, that runs from $632 for a studio up to $1,213 for four bedrooms, all five rates in the table above.
Bond is its own HUD metro area (Bond County, IL), so the rate here is set from rents inside the county rather than a wider region.
Among Illinois's 102 counties, Bond ranks 59th for two-bedroom FMR. That's about 4% below the state median of $953 and about 10% below the national median county at $1,018. About 16,750 people live here, 64th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $940 in 62284 (Smithboro) and $1,230 in 62273 (Pierron), with the 7 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Bond somewhere between $824 and $1,008. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$916 a month is affordable, by HUD's 30% rule, on an income of roughly $36,640 a year. Put another way, $18 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($824) | HAP at 100% ($916) | HAP at 110% ($1,008) |
|---|---|---|---|---|
| $2,500 | $750 | $74 | $166 | $258 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 5% from FY 2025 ($871) to FY 2026 ($916). Since FY 2020 it's up 26% in total, about 4.0% a year. The Illinois median moved up 6% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $508 | $567 | $726 | $905 | $983 | — |
| FY 2021 | $581 | $585 | $740 | $920 | $1,134 | +1.9% |
| FY 2022 | $523 | $583 | $735 | $971 | $1,122 | -0.7% |
| FY 2023 | $518 | $670 | $774 | $1,030 | $1,169 | +5.3% |
| FY 2024 | $605 | $794 | $893 | $1,163 | $1,342 | +15.4% |
| FY 2025 | $597 | $787 | $871 | $1,060 | $1,208 | -2.5% |
| FY 2026 | $632 | $836 | $916 | $1,154 | $1,213 | +5.2% |
| FY 2027 | $682 | $899 | $979 | $1,275 | $1,287 | +6.9% |
Nearby counties
Clinton County
$1,21821 mi · pop 36,998
Montgomery County
$93723 mi · pop 28,352
Fayette County
$91624 mi · pop 21,464
Madison County
$1,21828 mi · pop 265,512
Marion County
$91631 mi · pop 37,543
Macoupin County
$91634 mi · pop 44,907
Washington County
$91638 mi · pop 13,781
St. Clair County
$1,21839 mi · pop 256,791
Questions people ask
$916 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $632 for a studio, $836 for one bedroom, $1,154 for three and $1,213 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the payment standard and tenant share for a specific rent.
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords.
Rent affordability calculator
See what income a household needs for a given rent.
What does a rental in Bond actually go for?
HUD's number is one input. Search any address in Bond for a rent estimate built from nearby comps. 3 free searches, no card.
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