HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Grundy County, Illinois (FY 2026)
$1,459 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Grundy County, and it's the baseline every voucher in Grundy is measured against.
2 bedroom FMR
$1,459
FY 2026, utilities included
Payment standard range
$1,313 to $1,605
90% to 110% of FMR
Income to afford 2BR
$58,360
per year, at 30% of income
Rank in Illinois
8th of 102
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Grundy moves to $1,613. That's up 11%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Grundy actually rent for?
Search any address in Grundy 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 | $1,032 | $929 to $1,135 | $41,280 | $19.85/hr | -1.2% |
| 1 bedroom | $1,118 | $1,006 to $1,230 | $44,720 | $21.50/hr | -2.9% |
| 2 bedroom | $1,459 | $1,313 to $1,605 | $58,360 | $28.06/hr | -3.4% |
| 3 bedroom | $1,979 | $1,781 to $2,177 | $79,160 | $38.06/hr | -1.0% |
| 4 bedroom | $2,203 | $1,983 to $2,423 | $88,120 | $42.37/hr | +9.8% |
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 | $2,533 | $2,280 to $2,786 |
| 6 bedroom Estimate | $2,864 | $2,578 to $3,150 |
| 7 bedroom Estimate | $3,194 | $2,875 to $3,513 |
| 8 bedroom Estimate | $3,525 | $3,173 to $3,878 |
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 Grundy, that runs from $1,032 for a studio up to $2,203 for four bedrooms, all five rates in the table above.
Grundy is its own HUD metro area (Grundy County, IL), so the rate here is set from rents inside the county rather than a wider region.
Among Illinois's 102 counties, Grundy ranks 8th for two-bedroom FMR. That's about 53% above the state median of $953 and about 43% above the national median county at $1,018. About 52,624 people live here, 27th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,360 in 60424 (Gardner) and $1,790 in 60447 (Minooka), with the 9 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 Grundy somewhere between $1,313 and $1,605. 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.
$1,459 a month is affordable, by HUD's 30% rule, on an income of roughly $58,360 a year. Put another way, $28 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% ($1,313) | HAP at 100% ($1,459) | HAP at 110% ($1,605) |
|---|---|---|---|---|
| $2,500 | $750 | $563 | $709 | $855 |
| $4,000 | $1,200 | $113 | $259 | $405 |
Rate history
The two-bedroom rate went down 3% from FY 2025 ($1,510) to FY 2026 ($1,459). Since FY 2020 it's up 26% in total, about 3.9% 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 | $873 | $879 | $1,158 | $1,492 | $1,569 | — |
| FY 2021 | $887 | $893 | $1,177 | $1,478 | $1,596 | +1.6% |
| FY 2022 | $910 | $916 | $1,205 | $1,514 | $1,634 | +2.4% |
| FY 2023 | $848 | $947 | $1,247 | $1,596 | $1,675 | +3.5% |
| FY 2024 | $1,025 | $1,134 | $1,490 | $1,947 | $1,984 | +19.5% |
| FY 2025 | $1,045 | $1,151 | $1,510 | $1,999 | $2,006 | +1.3% |
| FY 2026 | $1,032 | $1,118 | $1,459 | $1,979 | $2,203 | -3.4% |
| FY 2027 | $1,189 | $1,233 | $1,613 | $2,219 | $2,567 | +10.6% |
Nearby counties
Livingston County
$1,01826 mi · pop 35,771
Will County
$1,78126 mi · pop 696,774
Kankakee County
$1,32627 mi · pop 107,421
Kendall County
$2,05027 mi · pop 132,795
La Salle County
$1,07929 mi · pop 109,495
Ford County
$91643 mi · pop 13,484
DuPage County
$1,78144 mi · pop 930,559
Iroquois County
$91646 mi · pop 27,043
Questions people ask
$1,459 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,032 for a studio, $1,118 for one bedroom, $1,979 for three and $2,203 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 Grundy actually go for?
HUD's number is one input. Search any address in Grundy for a rent estimate built from nearby comps. 3 free searches, no card.
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