HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Richland County, Illinois (FY 2027)
$935 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Richland County, and it's the baseline every voucher in Richland is measured against.
Two-bedroom FMR
$935
+2.1% from FY 2026
Payment standard
$842–$1,029
90% to 110% of the FMR, two-bedroom
Income to afford
$37,400
a year, with rent at 30% of income
Rank in Illinois
61st 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 | $651 | $586–$716 | $26,040 | $12.52/hr | +3.0% |
| 1 bedroom | $715 | $644–$787 | $28,600 | $13.75/hr | -1.9% |
| 2 bedroom | $935 | $842–$1,029 | $37,400 | $17.98/hr | +2.1% |
| 3 bedroom | $1,114 | $1,003–$1,225 | $44,560 | $21.42/hr | +1.5% |
| 4 bedroom | $1,358 | $1,222–$1,494 | $54,320 | $26.12/hr | -2.3% |
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 | $1,562 | $1,406–$1,718 |
| 6 bedroom Estimate | $1,765 | $1,589–$1,942 |
| 7 bedroom Estimate | $1,969 | $1,772–$2,166 |
| 8 bedroom Estimate | $2,173 | $1,956–$2,390 |
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 Richland actually rent for?
Search any address in Richland 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 Richland somewhere between $842 and $1,029. 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.
$935 a month is affordable, by HUD's 30% rule, on an income of roughly $37,400 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%$842 | Voucher pays at 100%$935 | Voucher pays at 110%$1,029 |
|---|---|---|---|---|
| $2,500 | $750 | $92 | $185 | $279 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2026 ($916) to FY 2027 ($935). Since FY 2020 it's up 34% in total, about 4.3% 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 | $540 | $543 | $698 | $922 | $965 | — |
| FY 2021 | $585 | $590 | $700 | $961 | $965 | +0.3% |
| FY 2022 | $618 | $645 | $735 | $1,044 | $1,084 | +5.0% |
| FY 2023 | $557 | $685 | $774 | $1,063 | $1,204 | +5.3% |
| FY 2024 | $553 | $719 | $807 | $1,034 | $1,332 | +4.3% |
| FY 2025 | $597 | $745 | $870 | $1,067 | $1,429 | +7.8% |
| FY 2026 | $632 | $729 | $916 | $1,098 | $1,390 | +5.3% |
| FY 2027In effect | $651 | $715 | $935 | $1,114 | $1,358 | +2.1% |
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 Richland, that runs from $651 for a studio up to $1,358 for four bedrooms, all five rates in the table above.
Because Richland 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, Calhoun included.
Among Illinois's 102 counties, Richland ranks 61st for two-bedroom FMR. That's about 2% below the state median of $958 and about 12% below the national median county at $1,063. About 15,598 people live here, 67th 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 62868 (Noble) and $960 in 62452 (Parkersburg), with the 6 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.
Nearby counties
Two-bedroom FMR, with how each compares to Richland.
Lawrence County
18 mi · 15,031 people
$943
+1%
Clay County
20 mi · 13,052 people
$930
-1%
Edwards County
20 mi · 6,075 people
$930
-1%
Jasper County
21 mi · 9,180 people
$948
+1%
Wabash County
24 mi · 11,119 people
$992
+6%
Wayne County
27 mi · 15,973 people
$930
-1%
Crawford County
29 mi · 18,511 people
$930
-1%
Effingham County
37 mi · 34,522 people
$930
-1%
Questions people ask
$935 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $651 for a studio, $715 for one bedroom, $1,114 for three and $1,358 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 Richland actually go for?
HUD's number is one input. Search any address in Richland for a rent estimate built from nearby comps. Free to start, no card.
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