HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Fulton County, Illinois (FY 2027)
$930 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Fulton County, and it's the baseline every voucher in Fulton is measured against.
Two-bedroom FMR
$930
+1.5% from FY 2026
Payment standard
$837–$1,023
90% to 110% of the FMR, two-bedroom
Income to afford
$37,200
a year, with rent at 30% of income
Rank in Illinois
74th 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 | $648 | $583–$713 | $25,920 | $12.46/hr | -7.8% |
| 1 bedroom | $727 | $654–$800 | $29,080 | $13.98/hr | +2.7% |
| 2 bedroom | $930 | $837–$1,023 | $37,200 | $17.88/hr | +1.5% |
| 3 bedroom | $1,288 | $1,159–$1,417 | $51,520 | $24.77/hr | +1.1% |
| 4 bedroom | $1,303 | $1,173–$1,433 | $52,120 | $25.06/hr | +1.2% |
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 | $1,498 | $1,348–$1,648 |
| 6 bedroom Estimate | $1,694 | $1,525–$1,863 |
| 7 bedroom Estimate | $1,889 | $1,700–$2,078 |
| 8 bedroom Estimate | $2,085 | $1,877–$2,294 |
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 Fulton actually rent for?
Search any address in Fulton 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 Fulton somewhere between $837 and $1,023. 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.
$930 a month is affordable, by HUD's 30% rule, on an income of roughly $37,200 a year. Put another way, $18 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%$837 | Voucher pays at 100%$930 | Voucher pays at 110%$1,023 |
|---|---|---|---|---|
| $2,500 | $750 | $87 | $180 | $273 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2026 ($916) to FY 2027 ($930). Since FY 2020 it's up 22% in total, about 2.9% 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 | $518 | $597 | $763 | $969 | $1,239 | — |
| FY 2021 | $563 | $569 | $750 | $933 | $1,223 | -1.7% |
| FY 2022 | $566 | $570 | $750 | $927 | $1,217 | 0.0% |
| FY 2023 | $622 | $626 | $824 | $1,014 | $1,354 | +9.9% |
| FY 2024 | $649 | $654 | $859 | $1,126 | $1,332 | +4.2% |
| FY 2025 | $659 | $663 | $870 | $1,200 | $1,266 | +1.3% |
| FY 2026 | $703 | $708 | $916 | $1,274 | $1,288 | +5.3% |
| FY 2027In effect | $648 | $727 | $930 | $1,288 | $1,303 | +1.5% |
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 Fulton, that runs from $648 for a studio up to $1,303 for four bedrooms, all five rates in the table above.
Because Fulton sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Avon included.
Among Illinois's 102 counties, Fulton ranks 74th for two-bedroom FMR. That's about 3% below the state median of $958 and about 13% below the national median county at $1,063. About 33,020 people live here, 45th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $930 in 61415 (Avon) and $1,080 in 61563 (Saint David), with the 20 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 |
|---|---|---|---|
| 61415 | Avon | $930 | 0.0% |
| 61427 | Cuba | $960 | +3.2% |
| 61431 | Ellisville | $950 | +2.2% |
| 61432 | Fairview | $930 | 0.0% |
| 61433 | Fiatt | $940 | +1.1% |
| 61441 | Ipava | $1,050 | +12.9% |
| 61459 | Marietta | $930 | 0.0% |
| 61477 | Smithfield | $970 | +4.3% |
| 61482 | Table Grove | $930 | 0.0% |
| 61484 | Vermont | $930 | 0.0% |
| 61501 | Astoria | $960 | +3.2% |
| 61519 | Bryant | $930 | 0.0% |
| 61520 | Canton | $940 | +1.1% |
| 61524 | Dunfermline | $1,010 | +8.6% |
| 61531 | Farmington | $1,000 | +7.5% |
| 61542 | Lewistown | $930 | 0.0% |
| 61543 | Liverpool | $930 | 0.0% |
| 61544 | London Mills | $1,030 | +10.8% |
| 61553 | Norris | $930 | 0.0% |
| 61563 | Saint David | $1,080 | +16.1% |
Nearby counties
Two-bedroom FMR, with how each compares to Fulton.
Mason County
23 mi · 12,745 people
$930
same rate
McDonough County
24 mi · 26,920 people
$930
same rate
Knox County
31 mi · 49,046 people
$930
same rate
Schuyler County
32 mi · 6,787 people
$930
same rate
Peoria County
33 mi · 179,645 people
$1,212
+30%
Warren County
34 mi · 16,447 people
$930
same rate
Cass County
37 mi · 12,784 people
$930
same rate
Tazewell County
37 mi · 130,290 people
$1,212
+30%
Questions people ask
$930 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $648 for a studio, $727 for one bedroom, $1,288 for three and $1,303 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 Fulton actually go for?
HUD's number is one input. Search any address in Fulton for a rent estimate built from nearby comps. Free to start, no card.
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