HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Vermilion County, Illinois (FY 2026)
$974 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Vermilion County, and it's the baseline every voucher in Vermilion is measured against.
2 bedroom FMR
$974
FY 2026, utilities included
Payment standard range
$877 to $1,071
90% to 110% of FMR
Income to afford 2BR
$38,960
per year, at 30% of income
Rank in Illinois
48th of 102
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Vermilion moves to $956. That's down 2%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Vermilion actually rent for?
Search any address in Vermilion 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 | $672 | $605 to $739 | $26,880 | $12.92/hr | -2.0% |
| 1 bedroom | $742 | $668 to $816 | $29,680 | $14.27/hr | -2.8% |
| 2 bedroom | $974 | $877 to $1,071 | $38,960 | $18.73/hr | -2.7% |
| 3 bedroom | $1,179 | $1,061 to $1,297 | $47,160 | $22.67/hr | -3.5% |
| 4 bedroom | $1,306 | $1,175 to $1,437 | $52,240 | $25.12/hr | -3.3% |
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 | $1,502 | $1,352 to $1,652 |
| 6 bedroom Estimate | $1,698 | $1,528 to $1,868 |
| 7 bedroom Estimate | $1,894 | $1,705 to $2,083 |
| 8 bedroom Estimate | $2,090 | $1,881 to $2,299 |
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 Vermilion, that runs from $672 for a studio up to $1,306 for four bedrooms, all five rates in the table above.
Because Vermilion 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, Danville included.
Among Illinois's 102 counties, Vermilion ranks 48th for two-bedroom FMR. That's about 2% above the state median of $953 and about 4% below the national median county at $1,018. About 74,113 people live here, 21st 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 61841 (Fairmount) and $1,250 in 61844 (Fithian), with the 24 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 |
|---|---|---|---|
| 60932 | East Lynn | $950 | -2.5% |
| 60942 | Hoopeston | $1,010 | +3.7% |
| 60960 | Rankin | $980 | +0.6% |
| 60963 | Rossville | $1,070 | +9.9% |
| 61810 | Allerton | $1,030 | +5.7% |
| 61811 | Alvin | $1,030 | +5.7% |
| 61812 | Armstrong | $1,080 | +10.9% |
| 61814 | Bismarck | $1,060 | +8.8% |
| 61817 | Catlin | $1,070 | +9.9% |
| 61831 | Collison | $1,010 | +3.7% |
| 61832 | Danville | $1,010 | +3.7% |
| 61833 | Tilton | $940 | -3.5% |
| 61834 | Danville | $1,100 | +12.9% |
| 61841 | Fairmount | $920 | -5.5% |
| 61844 | Fithian | $1,250 | +28.3% |
| 61846 | Georgetown | $920 | -5.5% |
| 61848 | Henning | $1,030 | +5.7% |
| 61850 | Indianola | $970 | -0.4% |
| 61857 | Muncie | $1,250 | +28.3% |
| 61858 | Oakwood | $950 | -2.5% |
| 61865 | Potomac | $920 | -5.5% |
| 61870 | Ridge Farm | $920 | -5.5% |
| 61876 | Sidell | $1,010 | +3.7% |
| 61883 | Westville | $920 | -5.5% |
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 Vermilion somewhere between $877 and $1,071. 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.
$974 a month is affordable, by HUD's 30% rule, on an income of roughly $38,960 a year. Put another way, $19 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% ($877) | HAP at 100% ($974) | HAP at 110% ($1,071) |
|---|---|---|---|---|
| $2,500 | $750 | $127 | $224 | $321 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went down 3% from FY 2025 ($1,001) to FY 2026 ($974). Since FY 2020 it's up 32% in total, about 4.7% 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 | $482 | $572 | $740 | $969 | $1,002 | — |
| FY 2021 | $524 | $598 | $788 | $1,037 | $1,069 | +6.5% |
| FY 2022 | $597 | $610 | $802 | $1,038 | $1,088 | +1.8% |
| FY 2023 | $646 | $667 | $878 | $1,112 | $1,179 | +9.5% |
| FY 2024 | $691 | $728 | $956 | $1,191 | $1,273 | +8.9% |
| FY 2025 | $686 | $763 | $1,001 | $1,222 | $1,351 | +4.7% |
| FY 2026 | $672 | $742 | $974 | $1,179 | $1,306 | -2.7% |
| FY 2027 | $743 | $748 | $956 | $1,278 | $1,337 | -1.8% |
Nearby counties
Questions people ask
$974 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $672 for a studio, $742 for one bedroom, $1,179 for three and $1,306 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 Vermilion actually go for?
HUD's number is one input. Search any address in Vermilion for a rent estimate built from nearby comps. 3 free searches, no card.
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