HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Randolph County, Illinois (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Randolph 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
93rd 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 | $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 | $1,164 | $1,048–$1,280 | $46,560 | $22.38/hr | +1.7% |
| 4 bedroom | $1,469 | $1,322–$1,616 | $58,760 | $28.25/hr | +1.3% |
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 | $1,689 | $1,520–$1,858 |
| 6 bedroom Estimate | $1,910 | $1,719–$2,101 |
| 7 bedroom Estimate | $2,130 | $1,917–$2,343 |
| 8 bedroom Estimate | $2,350 | $2,115–$2,585 |
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 Randolph actually rent for?
Search any address in Randolph 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 Randolph 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 4.1% 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 | $475 | $572 | $700 | $936 | $1,055 | — |
| FY 2021 | $464 | $543 | $700 | $926 | $1,088 | 0.0% |
| FY 2022 | $492 | $562 | $740 | $980 | $1,170 | +5.7% |
| FY 2023 | $518 | $588 | $774 | $1,018 | $1,258 | +4.6% |
| FY 2024 | $547 | $614 | $807 | $1,040 | $1,285 | +4.3% |
| FY 2025 | $597 | $663 | $870 | $1,099 | $1,427 | +7.8% |
| FY 2026 | $632 | $698 | $916 | $1,145 | $1,450 | +5.3% |
| FY 2027In effect | $648 | $711 | $930 | $1,164 | $1,469 | +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 Randolph, that runs from $648 for a studio up to $1,469 for four bedrooms, all five rates in the table above.
Because Randolph 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, Baldwin included.
Among Illinois's 102 counties, Randolph ranks 93rd 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 30,058 people live here, 47th 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 62242 (Evansville) and $1,090 in 62278 (Red Bud), with the 15 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 |
|---|---|---|---|
| 62217 | Baldwin | $980 | +5.4% |
| 62233 | Chester | $980 | +5.4% |
| 62237 | Coulterville | $1,010 | +8.6% |
| 62241 | Ellis Grove | $1,000 | +7.5% |
| 62242 | Evansville | $930 | 0.0% |
| 62259 | Menard | $930 | 0.0% |
| 62261 | Modoc | $960 | +3.2% |
| 62272 | Percy | $930 | 0.0% |
| 62277 | Prairie Du Rocher | $960 | +3.2% |
| 62278 | Red Bud | $1,090 | +17.2% |
| 62280 | Rockwood | $1,000 | +7.5% |
| 62286 | Sparta | $930 | 0.0% |
| 62288 | Steeleville | $930 | 0.0% |
| 62292 | Tilden | $990 | +6.5% |
| 62297 | Walsh | $1,050 | +12.9% |
Nearby counties
Two-bedroom FMR, with how each compares to Randolph.
Perry County
22 mi · 20,639 people
$930
same rate
Monroe County
25 mi · 35,036 people
$1,349
+45%
Jackson County
32 mi · 53,064 people
$930
same rate
St. Clair County
33 mi · 253,694 people
$1,349
+45%
Washington County
33 mi · 13,627 people
$930
same rate
Clinton County
41 mi · 36,954 people
$1,349
+45%
Franklin County
46 mi · 37,323 people
$930
same rate
Williamson County
48 mi · 66,876 people
$996
+7%
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, $711 for one bedroom, $1,164 for three and $1,469 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 Randolph actually go for?
HUD's number is one input. Search any address in Randolph for a rent estimate built from nearby comps. Free to start, no card.
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