HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Peoria County, Illinois (FY 2027)
A two-bedroom in Peoria County carries a FY 2027 Fair Market Rent of $1,212 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Peoria keys off that figure.
Two-bedroom FMR
$1,212
+16.7% from FY 2026
Payment standard
$1,091–$1,333
90% to 110% of the FMR, two-bedroom
Income to afford
$48,480
a year, with rent at 30% of income
Rank in Illinois
21st 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 | $915 | $824–$1,007 | $36,600 | $17.60/hr | +20.7% |
| 1 bedroom | $961 | $865–$1,057 | $38,440 | $18.48/hr | +17.5% |
| 2 bedroom | $1,212 | $1,091–$1,333 | $48,480 | $23.31/hr | +16.7% |
| 3 bedroom | $1,557 | $1,401–$1,713 | $62,280 | $29.94/hr | +15.7% |
| 4 bedroom | $1,710 | $1,539–$1,881 | $68,400 | $32.88/hr | +18.0% |
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 | $1,967 | $1,770–$2,164 |
| 6 bedroom Estimate | $2,223 | $2,001–$2,445 |
| 7 bedroom Estimate | $2,480 | $2,232–$2,728 |
| 8 bedroom Estimate | $2,736 | $2,462–$3,010 |
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 Peoria actually rent for?
Search any address in Peoria 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 Peoria somewhere between $1,091 and $1,333. 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.
$1,212 a month is affordable, by HUD's 30% rule, on an income of roughly $48,480 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%$1,091 | Voucher pays at 100%$1,212 | Voucher pays at 110%$1,333 |
|---|---|---|---|---|
| $2,500 | $750 | $341 | $462 | $583 |
| $4,000 | $1,200 | $0 | $12 | $133 |
Rate history
The two-bedroom rate went up 17% from FY 2026 ($1,039) to FY 2027 ($1,212). Since FY 2020 it's up 57% in total, about 6.7% 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 | $564 | $606 | $772 | $998 | $1,082 | — |
| FY 2021 | $631 | $675 | $858 | $1,108 | $1,181 | +11.1% |
| FY 2022 | $592 | $641 | $815 | $1,059 | $1,106 | -5.0% |
| FY 2023 | $639 | $707 | $896 | $1,164 | $1,211 | +9.9% |
| FY 2024 | $683 | $756 | $965 | $1,258 | $1,293 | +7.7% |
| FY 2025 | $718 | $790 | $1,003 | $1,300 | $1,364 | +3.9% |
| FY 2026 | $758 | $818 | $1,039 | $1,346 | $1,449 | +3.6% |
| FY 2027In effect | $915 | $961 | $1,212 | $1,557 | $1,710 | +16.7% |
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 Peoria, that runs from $915 for a studio up to $1,710 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 Peoria in with 4 other counties in the Peoria metro, Tazewell County, Woodford County, Marshall County among them, and every one of them gets $1,212 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, Peoria ranks 21st for two-bedroom FMR. That's about 27% above the state median of $958 and about 14% above the national median county at $1,063. About 179,645 people live here, 12th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $970 in 61529 (Elmwood) and $1,620 in 61525 (Dunlap), with the 35 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 |
|---|---|---|---|
| 61451 | Laura | $1,040 | -14.2% |
| 61517 | Brimfield | $1,160 | -4.3% |
| 61523 | Chillicothe | $1,210 | -0.2% |
| 61525 | Dunlap | $1,620 | +33.7% |
| 61526 | Edelstein | $1,290 | +6.4% |
| 61528 | Edwards | $1,350 | +11.4% |
| 61529 | Elmwood | $970 | -20.0% |
| 61533 | Glasford | $1,010 | -16.7% |
| 61536 | Hanna City | $1,240 | +2.3% |
| 61539 | Kingston Mines | $980 | -19.1% |
| 61547 | Mapleton | $1,250 | +3.1% |
| 61552 | Mossville | $1,290 | +6.4% |
| 61562 | Rome | $1,210 | -0.2% |
| 61569 | Trivoli | $1,110 | -8.4% |
| 61601 | Peoria | $1,250 | +3.1% |
| 61602 | Peoria | $1,350 | +11.4% |
| 61603 | Peoria | $1,300 | +7.3% |
| 61604 | Peoria | $1,220 | +0.7% |
| 61605 | Peoria | $1,150 | -5.1% |
| 61606 | Peoria | $1,190 | -1.8% |
| 61607 | Peoria | $1,330 | +9.7% |
| 61612 | Peoria | $1,250 | +3.1% |
| 61613 | Peoria | $1,250 | +3.1% |
| 61614 | Peoria | $1,200 | -1.0% |
| 61615 | Peoria | $1,390 | +14.7% |
| 61616 | Peoria Heights | $1,160 | -4.3% |
| 61625 | Peoria | $1,190 | -1.8% |
| 61629 | Peoria | $1,212County rate | — |
| 61630 | Peoria | $1,250 | +3.1% |
| 61633 | Peoria | $1,212County rate | — |
| 61634 | Peoria | $1,212County rate | — |
| 61636 | Peoria | $1,250 | +3.1% |
| 61637 | Peoria | $1,212County rate | — |
| 61638 | Peoria | $1,212County rate | — |
| 61639 | Peoria | $1,212County rate | — |
| 61641 | Peoria | $1,212County rate | — |
| 61643 | Peoria | $1,212County rate | — |
| 61650 | Peoria | $1,212County rate | — |
| 61651 | Peoria | $1,250 | +3.1% |
| 61652 | Peoria | $1,250 | +3.1% |
Counties sharing the Peoria metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,212 two-bedroom figure as Peoria.
Nearby counties
Two-bedroom FMR, with how each compares to Peoria.
Tazewell County
16 mi · 130,290 people
$1,212
same rate
Stark County
23 mi · 5,308 people
$1,212
same rate
Woodford County
24 mi · 38,312 people
$1,212
same rate
Marshall County
27 mi · 11,647 people
$1,212
same rate
Fulton County
33 mi · 33,020 people
$930
-23%
Knox County
33 mi · 49,046 people
$930
-23%
Mason County
34 mi · 12,745 people
$930
-23%
Putnam County
39 mi · 5,601 people
$942
-22%
Questions people ask
$1,212 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $915 for a studio, $961 for one bedroom, $1,557 for three and $1,710 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 Peoria actually go for?
HUD's number is one input. Search any address in Peoria for a rent estimate built from nearby comps. Free to start, no card.
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