HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Lee County, Illinois (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Lee County is $930 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
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
83rd 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 | +2.5% |
| 1 bedroom | $785 | $707–$864 | $31,400 | $15.10/hr | -3.1% |
| 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 | $1,387 | $1,248–$1,526 | $55,480 | $26.67/hr | -0.6% |
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 | $1,595 | $1,436–$1,755 |
| 6 bedroom Estimate | $1,803 | $1,623–$1,983 |
| 7 bedroom Estimate | $2,011 | $1,810–$2,212 |
| 8 bedroom Estimate | $2,219 | $1,997–$2,441 |
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 Lee actually rent for?
Search any address in Lee for a rent estimate built from nearby comps, with the HUD figure right next to it.
No card needed
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 Lee 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 27% in total, about 3.5% 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 | $477 | $556 | $732 | $912 | $1,048 | — |
| FY 2021 | $490 | $556 | $720 | $920 | $1,045 | -1.6% |
| FY 2022 | $503 | $594 | $735 | $995 | $1,067 | +2.1% |
| FY 2023 | $531 | $650 | $774 | $1,100 | $1,145 | +5.3% |
| FY 2024 | $553 | $710 | $807 | $1,137 | $1,188 | +4.3% |
| FY 2025 | $605 | $786 | $883 | $1,237 | $1,319 | +9.4% |
| FY 2026 | $632 | $810 | $916 | $1,274 | $1,395 | +3.7% |
| FY 2027In effect | $648 | $785 | $930 | $1,288 | $1,387 | +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 Lee, that runs from $648 for a studio up to $1,387 for four bedrooms, all five rates in the table above.
Because Lee 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, Lee included.
Among Illinois's 102 counties, Lee ranks 83rd 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 33,869 people live here, 42nd 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 61042 (Harmon) and $1,400 in 60553 (Steward), with the 14 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 |
|---|---|---|---|
| 60530 | Lee | $1,330 | +43.0% |
| 60553 | Steward | $1,400 | +50.5% |
| 61006 | Ashton | $1,010 | +8.6% |
| 61021 | Dixon | $1,010 | +8.6% |
| 61031 | Franklin Grove | $1,010 | +8.6% |
| 61042 | Harmon | $930 | 0.0% |
| 61057 | Nachusa | $930 | 0.0% |
| 61310 | Amboy | $940 | +1.1% |
| 61318 | Compton | $1,140 | +22.6% |
| 61324 | Eldena | $930 | 0.0% |
| 61331 | Lee Center | $930 | 0.0% |
| 61353 | Paw Paw | $1,240 | +33.3% |
| 61367 | Sublette | $1,000 | +7.5% |
| 61378 | West Brooklyn | $1,230 | +32.3% |
Nearby counties
Two-bedroom FMR, with how each compares to Lee.
Ogle County
20 mi · 51,495 people
$1,080
+16%
Bureau County
27 mi · 32,866 people
$981
+5%
DeKalb County
27 mi · 100,703 people
$1,481
+59%
Whiteside County
34 mi · 54,947 people
$945
+2%
La Salle County
35 mi · 108,714 people
$1,052
+13%
Putnam County
38 mi · 5,601 people
$942
+1%
Winnebago County
39 mi · 283,292 people
$1,172
+26%
Carroll County
40 mi · 15,576 people
$930
same rate
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, $785 for one bedroom, $1,288 for three and $1,387 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 Lee actually go for?
HUD's number is one input. Search any address in Lee for a rent estimate built from nearby comps. Free to start, no card.
Free tier. No credit card.