FY2026 Fair Market Rents — Champaign-Urbana, IL MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$941
1BR
$946
2BR
$1,122
3BR
$1,436
4BR
$1,486
Hours/week at min wage
58 hrs
to afford the 2BR FMR @ $15.00/hr (IL)
National rank
#436
of 661 U.S. metros (top 67% most expensive)
YoY change (2BR)
+3.9%
+$42 vs FY2025 · 5-yr +29.3%
Voucher payment standard
$1,010–$1,234
PHAs set HCV payment at 90–110% of the 2BR FMR
Champaign-Urbana, IL MSA
Metropolitan area · IL · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $941 | $11,292 |
| 1-Bedroom | $946 | $11,352 |
| 2-Bedroom | $1,122 | $13,464 |
| 3-Bedroom | $1,436 | $17,232 |
| 4-Bedroom | $1,486 | $17,832 |
Recent 2-Bedroom FMR Trend
FY2020 $862 → FY2026 $1,122
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $941 | $946 | $1,122 | $1,436 | $1,486 |
| FY2025 | $904 | $909 | $1,080 | $1,405 | $1,432 |
| FY2024 | $880 | $885 | $1,049 | $1,372 | $1,397 |
| FY2023 | $866 | $871 | $1,030 | $1,335 | $1,384 |
| FY2022 | $824 | $829 | $977 | $1,252 | $1,325 |
| FY2021 | $734 | $739 | $868 | $1,108 | $1,230 |
| FY2020 | $725 | $730 | $862 | $1,108 | $1,305 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $114,300
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $23,300 | $26,600 | $29,950 | $33,250 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $38,850 | $44,400 | $49,950 | $55,450 | $59,900 | $64,350 |
| 80% AMI (Low) | $62,100 | $71,000 | $79,850 | $88,700 | $95,800 | $102,900 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$13,464/yr
FMR as % of Area Median Income
11.8% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$44,880/yr
$3,740/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 | $1,000 | $1,143 | $1,285 | $1,543 | $1,657 |
| 60% AMI Maximum | $1,200 | $1,371 | $1,543 | $1,851 | $1,988 |
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 | $941 | $946 | $1,122 | $1,436 | $1,486 |
| Low HOME Rent | $971 | $1,110 | $1,248 | $1,386 | $1,497 |
Compare Champaign-Urbana, IL MSA With Other IL Metros
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