FY2026 Fair Market Rents — Chicago-Joliet-Naperville, IL HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio
$1,480
1BR
$1,581
2BR
$1,781
3BR
$2,294
4BR
$2,653
Hours/week at min wage
92 hrs
to afford the 2BR FMR @ $15.00/hr (IL)
YoY change (2BR)
+1.1%
+$20 vs FY2025 · 5-yr +37.1%
Voucher payment standard
$1,603–$1,959
PHAs set HCV payment at 90–110% of the 2BR FMR

Chicago-Joliet-Naperville, IL HUD Metro FMR Area

Non-Metropolitan area · IL · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $1,480 $17,760
1-Bedroom $1,581 $18,972
2-Bedroom $1,781 $21,372
3-Bedroom $2,294 $27,528
4-Bedroom $2,653 $31,836

Recent 2-Bedroom FMR Trend

FY2020 $1,248 → FY2026 $1,781
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2026 $1,480 $1,581 $1,781 $2,294 $2,653
FY2025 $1,458 $1,560 $1,761 $2,262 $2,657
FY2024 $1,399 $1,507 $1,714 $2,182 $2,583
FY2023 $1,158 $1,255 $1,440 $1,827 $2,172
FY2022 $1,059 $1,161 $1,340 $1,697 $2,018
FY2021 $1,012 $1,122 $1,299 $1,649 $1,969
FY2020 $956 $1,076 $1,248 $1,585 $1,888

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $121,500

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $25,550 $29,200 $32,850 $36,450 $39,400 $44,360
50% AMI (Very Low) $42,550 $48,600 $54,700 $60,750 $65,650 $70,500
80% AMI (Low) $68,050 $77,800 $87,500 $97,200 $105,000 $112,800

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$21,372/yr
FMR as % of Area Median Income
17.6% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$71,240/yr
$5,937/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 $1,063 $1,215 $1,366 $1,640 $1,761
60% AMI Maximum $1,275 $1,458 $1,640 $1,968 $2,114

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 $1,480 $1,581 $1,781 $1,974 $1,974
Low HOME Rent $1,063 $1,215 $1,367 $1,518 $1,641

Compare Chicago-Joliet-Naperville, IL HUD Metro FMR Area With Other IL Metros

vs. Bloomington, IL HUD Metro FMR Area vs. Bloomington, IL MSA vs. Bond County, IL HUD Metro FMR Area vs. Cape Girardeau, MO-IL MSA vs. Champaign-Urbana, IL MSA

Counties in This FMR Area

Related Pages