HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Vermilion County, Illinois (FY 2027)
$956 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Vermilion County, and it's the baseline every voucher in Vermilion is measured against.
Two-bedroom FMR
$956
-1.8% from FY 2026
Payment standard
$860–$1,052
90% to 110% of the FMR, two-bedroom
Income to afford
$38,240
a year, with rent at 30% of income
Rank in Illinois
52nd 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 | $743 | $669–$817 | $29,720 | $14.29/hr | +10.6% |
| 1 bedroom | $748 | $673–$823 | $29,920 | $14.38/hr | +0.8% |
| 2 bedroom | $956 | $860–$1,052 | $38,240 | $18.38/hr | -1.8% |
| 3 bedroom | $1,278 | $1,150–$1,406 | $51,120 | $24.58/hr | +8.4% |
| 4 bedroom | $1,337 | $1,203–$1,471 | $53,480 | $25.71/hr | +2.4% |
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 | $1,538 | $1,384–$1,692 |
| 6 bedroom Estimate | $1,738 | $1,564–$1,912 |
| 7 bedroom Estimate | $1,939 | $1,745–$2,133 |
| 8 bedroom Estimate | $2,139 | $1,925–$2,353 |
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 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.
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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 Vermilion somewhere between $860 and $1,052. 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.
$956 a month is affordable, by HUD's 30% rule, on an income of roughly $38,240 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%$860 | Voucher pays at 100%$956 | Voucher pays at 110%$1,052 |
|---|---|---|---|---|
| $2,500 | $750 | $110 | $206 | $302 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went down 2% from FY 2026 ($974) to FY 2027 ($956). Since FY 2020 it's up 29% in total, about 3.7% 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 | $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 2027In effect | $743 | $748 | $956 | $1,278 | $1,337 | -1.8% |
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 Vermilion, that runs from $743 for a studio up to $1,337 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 52nd for two-bedroom FMR. That's within a couple percent of the state median of $958 and about 10% below the national median county at $1,063. About 72,386 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 $930 in 61841 (Fairmount) and $1,170 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 | -0.6% |
| 60942 | Hoopeston | $980 | +2.5% |
| 60960 | Rankin | $1,010 | +5.6% |
| 60963 | Rossville | $1,050 | +9.8% |
| 61810 | Allerton | $1,010 | +5.6% |
| 61811 | Alvin | $1,000 | +4.6% |
| 61812 | Armstrong | $1,090 | +14.0% |
| 61814 | Bismarck | $1,020 | +6.7% |
| 61817 | Catlin | $1,020 | +6.7% |
| 61831 | Collison | $990 | +3.6% |
| 61832 | Danville | $1,000 | +4.6% |
| 61833 | Tilton | $950 | -0.6% |
| 61834 | Danville | $1,050 | +9.8% |
| 61841 | Fairmount | $930 | -2.7% |
| 61844 | Fithian | $1,170 | +22.4% |
| 61846 | Georgetown | $930 | -2.7% |
| 61848 | Henning | $1,120 | +17.2% |
| 61850 | Indianola | $940 | -1.7% |
| 61857 | Muncie | $1,170 | +22.4% |
| 61858 | Oakwood | $950 | -0.6% |
| 61865 | Potomac | $930 | -2.7% |
| 61870 | Ridge Farm | $930 | -2.7% |
| 61876 | Sidell | $930 | -2.7% |
| 61883 | Westville | $930 | -2.7% |
Nearby counties
Two-bedroom FMR, with how each compares to Vermilion.
Champaign County
24 mi · 208,741 people
$1,173
+23%
Edgar County
33 mi · 16,535 people
$930
-3%
Douglas County
37 mi · 19,751 people
$930
-3%
Iroquois County
41 mi · 26,449 people
$930
-3%
Ford County
42 mi · 13,406 people
$930
-3%
Piatt County
48 mi · 16,695 people
$1,173
+23%
Coles County
52 mi · 46,777 people
$950
-1%
Clark County
55 mi · 15,266 people
$1,011
+6%
Questions people ask
$956 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $743 for a studio, $748 for one bedroom, $1,278 for three and $1,337 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 Vermilion actually go for?
HUD's number is one input. Search any address in Vermilion for a rent estimate built from nearby comps. Free to start, no card.
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