HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Champaign County, Illinois (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Champaign County is $1,173 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,173
+4.5% from FY 2026
Payment standard
$1,056–$1,290
90% to 110% of the FMR, two-bedroom
Income to afford
$46,920
a year, with rent at 30% of income
Rank in Illinois
25th of 102
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $983 | $885–$1,081 | $39,320 | $18.90/hr | +4.5% |
| 1 bedroom | $996 | $896–$1,096 | $39,840 | $19.15/hr | +5.3% |
| 2 bedroom | $1,173 | $1,056–$1,290 | $46,920 | $22.56/hr | +4.5% |
| 3 bedroom | $1,474 | $1,327–$1,621 | $58,960 | $28.35/hr | +2.6% |
| 4 bedroom | $1,542 | $1,388–$1,696 | $61,680 | $29.65/hr | +3.8% |
Five to eight 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 | $1,773 | $1,596–$1,950 |
| 6 bedroom Estimate | $2,005 | $1,805–$2,206 |
| 7 bedroom Estimate | $2,236 | $2,012–$2,460 |
| 8 bedroom Estimate | $2,467 | $2,220–$2,714 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Champaign actually rent for?
Search any address in Champaign for a rent estimate built from nearby comps, with the HUD figure right next to it.
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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 Champaign somewhere between $1,056 and $1,290. 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.
$1,173 a month is affordable, by HUD's 30% rule, on an income of roughly $46,920 a year. Put another way, $23 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,056 | Voucher pays at 100%$1,173 | Voucher pays at 110%$1,290 |
|---|---|---|---|---|
| $2,500 | $750 | $306 | $423 | $540 |
| $4,000 | $1,200 | $0 | $0 | $90 |
Rate history
The two-bedroom rate went up 5% from FY 2026 ($1,122) to FY 2027 ($1,173). Since FY 2020 it's up 36% in total, about 4.5% a year. The Illinois median moved up 1% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $725 | $730 | $862 | $1,108 | $1,305 | — |
| FY 2021 | $734 | $739 | $868 | $1,108 | $1,230 | +0.7% |
| FY 2022 | $824 | $829 | $977 | $1,252 | $1,325 | +12.6% |
| FY 2023 | $866 | $871 | $1,030 | $1,335 | $1,384 | +5.4% |
| FY 2024 | $880 | $885 | $1,049 | $1,372 | $1,397 | +1.8% |
| FY 2025 | $904 | $909 | $1,080 | $1,405 | $1,432 | +3.0% |
| FY 2026 | $941 | $946 | $1,122 | $1,436 | $1,486 | +3.9% |
| FY 2027In effect | $983 | $996 | $1,173 | $1,474 | $1,542 | +4.5% |
About this rate
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 2027 that's October 1, 2026 through September 30, 2027. In Champaign, that runs from $983 for a studio up to $1,542 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Champaign in with one other county in the Champaign-Urbana metro, Piatt County among them, and every one of them gets $1,173 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Illinois's 102 counties, Champaign ranks 25th for two-bedroom FMR. That's about 22% above the state median of $958 and about 10% above the national median county at $1,063. About 208,741 people live here, 10th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,010 in 61847 (Gifford) and $1,530 in 61859 (Ogden), with the 33 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.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 60949 | Ludlow | $1,180 | +0.6% |
| 61801 | Urbana | $1,140 | -2.8% |
| 61802 | Urbana | $1,140 | -2.8% |
| 61803 | Urbana | $1,170 | -0.3% |
| 61815 | Bondville | $1,230 | +4.9% |
| 61816 | Broadlands | $1,090 | -7.1% |
| 61820 | Champaign | $1,350 | +15.1% |
| 61821 | Champaign | $1,180 | +0.6% |
| 61822 | Champaign | $1,480 | +26.2% |
| 61824 | Champaign | $1,170 | -0.3% |
| 61825 | Champaign | $1,170 | -0.3% |
| 61826 | Champaign | $1,170 | -0.3% |
| 61840 | Dewey | $1,190 | +1.4% |
| 61843 | Fisher | $1,180 | +0.6% |
| 61845 | Foosland | $1,180 | +0.6% |
| 61847 | Gifford | $1,010 | -13.9% |
| 61849 | Homer | $1,070 | -8.8% |
| 61851 | Ivesdale | $1,050 | -10.5% |
| 61852 | Longview | $1,090 | -7.1% |
| 61853 | Mahomet | $1,480 | +26.2% |
| 61859 | Ogden | $1,530 | +30.4% |
| 61862 | Penfield | $1,010 | -13.9% |
| 61863 | Pesotum | $1,010 | -13.9% |
| 61864 | Philo | $1,280 | +9.1% |
| 61866 | Rantoul | $1,030 | -12.2% |
| 61871 | Royal | $1,220 | +4.0% |
| 61872 | Sadorus | $1,040 | -11.3% |
| 61873 | Saint Joseph | $1,020 | -13.0% |
| 61874 | Savoy | $1,070 | -8.8% |
| 61875 | Seymour | $1,090 | -7.1% |
| 61877 | Sidney | $1,300 | +10.8% |
| 61878 | Thomasboro | $1,010 | -13.9% |
| 61880 | Tolono | $1,010 | -13.9% |
Counties sharing the Champaign-Urbana metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,173 two-bedroom figure as Champaign.
Nearby counties
Two-bedroom FMR, with how each compares to Champaign.
Douglas County
24 mi · 19,751 people
$930
-21%
Piatt County
24 mi · 16,695 people
$1,173
same rate
Vermilion County
24 mi · 72,386 people
$956
-18%
Ford County
36 mi · 13,406 people
$930
-21%
De Witt County
37 mi · 15,373 people
$1,059
-10%
Edgar County
37 mi · 16,535 people
$930
-21%
Moultrie County
42 mi · 14,424 people
$930
-21%
Coles County
43 mi · 46,777 people
$950
-19%
Questions people ask
$1,173 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $983 for a studio, $996 for one bedroom, $1,474 for three and $1,542 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
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
The income a household needs for a given rent
What does a rental in Champaign actually go for?
HUD's number is one input. Search any address in Champaign for a rent estimate built from nearby comps. Free to start, no card.
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