HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Putnam County, Illinois (FY 2026)
A two-bedroom in Putnam County carries a FY 2026 Fair Market Rent of $937 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Putnam keys off that figure.
2 bedroom FMR
$937
FY 2026, utilities included
Payment standard range
$843 to $1,031
90% to 110% of FMR
Income to afford 2BR
$37,480
per year, at 30% of income
Rank in Illinois
56th of 102
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Putnam moves to $942. That's up 1%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Putnam actually rent for?
Search any address in Putnam 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 | $646 | $581 to $711 | $25,840 | $12.42/hr | +8.2% |
| 1 bedroom | $851 | $766 to $936 | $34,040 | $16.37/hr | +12.6% |
| 2 bedroom | $937 | $843 to $1,031 | $37,480 | $18.02/hr | +7.7% |
| 3 bedroom | $1,212 | $1,091 to $1,333 | $48,480 | $23.31/hr | +6.7% |
| 4 bedroom | $1,553 | $1,398 to $1,708 | $62,120 | $29.87/hr | +6.3% |
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 | $1,786 | $1,607 to $1,965 |
| 6 bedroom Estimate | $2,019 | $1,817 to $2,221 |
| 7 bedroom Estimate | $2,252 | $2,027 to $2,477 |
| 8 bedroom Estimate | $2,485 | $2,237 to $2,734 |
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 Putnam, that runs from $646 for a studio up to $1,553 for four bedrooms, all five rates in the table above.
Because Putnam 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, Granville included.
Among Illinois's 102 counties, Putnam ranks 56th for two-bedroom FMR. That's within a couple percent of the state median of $953 and about 8% below the national median county at $1,018. About 5,628 people live here, 94th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $920 in 61326 (Granville) and $1,010 in 61340 (Mark), with the 7 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 Putnam somewhere between $843 and $1,031. 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.
$937 a month is affordable, by HUD's 30% rule, on an income of roughly $37,480 a year. Put another way, $18 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% ($843) | HAP at 100% ($937) | HAP at 110% ($1,031) |
|---|---|---|---|---|
| $2,500 | $750 | $93 | $187 | $281 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 8% from FY 2025 ($870) to FY 2026 ($937). Since FY 2020 it's up 26% in total, about 4.0% 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 | $519 | $563 | $742 | $930 | $1,091 | — |
| FY 2021 | $492 | $549 | $724 | $932 | $1,032 | -2.4% |
| FY 2022 | $534 | $591 | $757 | $976 | $1,065 | +4.6% |
| FY 2023 | $533 | $645 | $797 | $1,044 | $1,112 | +5.3% |
| FY 2024 | $552 | $677 | $814 | $1,059 | $1,381 | +2.1% |
| FY 2025 | $597 | $756 | $870 | $1,136 | $1,461 | +6.9% |
| FY 2026 | $646 | $851 | $937 | $1,212 | $1,553 | +7.7% |
| FY 2027 | $656 | $857 | $942 | $1,189 | $1,575 | +0.5% |
Nearby counties
Marshall County
$1,03913 mi · pop 11,740
Bureau County
$1,03517 mi · pop 33,203
La Salle County
$1,07919 mi · pop 109,495
Stark County
$1,03928 mi · pop 5,395
Woodford County
$1,03931 mi · pop 38,414
Lee County
$91638 mi · pop 34,221
Peoria County
$1,03939 mi · pop 181,186
Livingston County
$1,01843 mi · pop 35,771
Questions people ask
$937 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $646 for a studio, $851 for one bedroom, $1,212 for three and $1,553 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 Putnam actually go for?
HUD's number is one input. Search any address in Putnam for a rent estimate built from nearby comps. 3 free searches, no card.
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