HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Iroquois County, Illinois (FY 2027)
$930 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Iroquois County, and it's the baseline every voucher in Iroquois 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
79th 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 | $706 | $635–$777 | $28,240 | $13.58/hr | +1.7% |
| 1 bedroom | $711 | $640–$782 | $28,440 | $13.67/hr | +1.9% |
| 2 bedroom | $930 | $837–$1,023 | $37,200 | $17.88/hr | +1.5% |
| 3 bedroom | $1,154 | $1,039–$1,269 | $46,160 | $22.19/hr | +1.6% |
| 4 bedroom | $1,554 | $1,399–$1,709 | $62,160 | $29.88/hr | +4.2% |
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 | $1,787 | $1,608–$1,966 |
| 6 bedroom Estimate | $2,020 | $1,818–$2,222 |
| 7 bedroom Estimate | $2,253 | $2,028–$2,478 |
| 8 bedroom Estimate | $2,486 | $2,237–$2,735 |
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 Iroquois actually rent for?
Search any address in Iroquois 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 Iroquois 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 33% in total, about 4.2% 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 | $539 | $546 | $698 | $909 | $1,098 | — |
| FY 2021 | $528 | $531 | $700 | $913 | $1,019 | +0.3% |
| FY 2022 | $559 | $563 | $741 | $977 | $1,037 | +5.9% |
| FY 2023 | $584 | $588 | $774 | $998 | $1,042 | +4.5% |
| FY 2024 | $605 | $619 | $813 | $1,025 | $1,112 | +5.0% |
| FY 2025 | $660 | $668 | $876 | $1,081 | $1,269 | +7.7% |
| FY 2026 | $694 | $698 | $916 | $1,136 | $1,492 | +4.6% |
| FY 2027In effect | $706 | $711 | $930 | $1,154 | $1,554 | +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 Iroquois, that runs from $706 for a studio up to $1,554 for four bedrooms, all five rates in the table above.
Because Iroquois 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, Ashkum included.
Among Illinois's 102 counties, Iroquois ranks 79th 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 26,449 people live here, 51st 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 60912 (Beaverville) and $1,250 in 60922 (Chebanse), with the 24 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 |
|---|---|---|---|
| 60911 | Ashkum | $980 | +5.4% |
| 60912 | Beaverville | $930 | 0.0% |
| 60918 | Buckley | $960 | +3.2% |
| 60922 | Chebanse | $1,250 | +34.4% |
| 60924 | Cissna Park | $960 | +3.2% |
| 60926 | Claytonville | $950 | +2.2% |
| 60927 | Clifton | $980 | +5.4% |
| 60928 | Crescent City | $930 | 0.0% |
| 60930 | Danforth | $930 | 0.0% |
| 60931 | Donovan | $980 | +5.4% |
| 60938 | Gilman | $930 | 0.0% |
| 60939 | Goodwine | $930 | 0.0% |
| 60945 | Iroquois | $1,100 | +18.3% |
| 60948 | Loda | $990 | +6.5% |
| 60951 | Martinton | $990 | +6.5% |
| 60953 | Milford | $930 | 0.0% |
| 60955 | Onarga | $930 | 0.0% |
| 60956 | Papineau | $930 | 0.0% |
| 60966 | Sheldon | $930 | 0.0% |
| 60967 | Stockland | $930 | 0.0% |
| 60968 | Thawville | $930 | 0.0% |
| 60970 | Watseka | $930 | 0.0% |
| 60973 | Wellington | $1,110 | +19.4% |
| 60974 | Woodland | $1,100 | +18.3% |
Nearby counties
Two-bedroom FMR, with how each compares to Iroquois.
Ford County
23 mi · 13,406 people
$930
same rate
Kankakee County
26 mi · 106,635 people
$1,349
+45%
Livingston County
40 mi · 35,565 people
$996
+7%
Vermilion County
41 mi · 72,386 people
$956
+3%
Grundy County
46 mi · 53,219 people
$1,613
+73%
Champaign County
48 mi · 208,741 people
$1,173
+26%
Will County
54 mi · 701,462 people
$2,011
+116%
McLean County
58 mi · 171,556 people
$1,287
+38%
Questions people ask
$930 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $706 for a studio, $711 for one bedroom, $1,154 for three and $1,554 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 Iroquois actually go for?
HUD's number is one input. Search any address in Iroquois for a rent estimate built from nearby comps. Free to start, no card.
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