FY2026 Fair Market Rents — Bloomington, IL MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$927
1BR
$999
2BR
$1,302
3BR
$1,717
4BR
$1,724
Hours/week at min wage
67 hrs
to afford the 2BR FMR @ $15.00/hr (IL)
National rank
#288
of 661 U.S. metros (top 44% most expensive)
YoY change (2BR)
+20.6%
+$222 vs FY2025
Voucher payment standard
$1,172–$1,432
PHAs set HCV payment at 90–110% of the 2BR FMR
Bloomington, IL MSA
Metropolitan area · IL · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $927 | $11,124 |
| 1-Bedroom | $999 | $11,988 |
| 2-Bedroom | $1,302 | $15,624 |
| 3-Bedroom | $1,717 | $20,604 |
| 4-Bedroom | $1,724 | $20,688 |
Recent 2-Bedroom FMR Trend
FY2022 $870 → FY2026 $1,302
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $927 | $999 | $1,302 | $1,717 | $1,724 |
| FY2025 | $770 | $835 | $1,080 | $1,426 | $1,432 |
| FY2024 | $782 | $869 | $1,103 | $1,536 | $1,541 |
| FY2023 | $698 | $793 | $987 | $1,394 | $1,583 |
| FY2022 | $609 | $703 | $870 | $1,225 | $1,474 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $117,000
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $24,600 | $28,100 | $31,600 | $35,100 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $40,950 | $46,800 | $52,650 | $58,500 | $63,200 | $67,900 |
| 80% AMI (Low) | $65,550 | $74,900 | $84,250 | $93,600 | $101,100 | $108,600 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$15,624/yr
FMR as % of Area Median Income
13.4% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$52,080/yr
$4,340/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $1,023 | $1,170 | $1,316 | $1,579 | $1,696 |
| 60% AMI Maximum | $1,228 | $1,404 | $1,579 | $1,895 | $2,035 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $927 | $999 | $1,302 | $1,717 | $1,724 |
| Low HOME Rent | $1,023 | $1,170 | $1,316 | $1,462 | $1,580 |
Compare Bloomington, IL MSA With Other IL Metros
vs. Bloomington, IL HUD Metro FMR Area
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vs. Chicago-Joliet-Naperville, IL HUD Metro FMR Area