FY2026 Fair Market Rents — Champaign-Urbana, IL MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$694
1BR
$698
2BR
$916
3BR
$1,274
4BR
$1,300
Hours/week at min wage
47 hrs
to afford the 2BR FMR @ $15.00/hr (IL)
YoY change (2BR)
+5.3%
+$46 vs FY2025 · 5-yr +5.5%
Voucher payment standard
$824–$1,008
PHAs set HCV payment at 90–110% of the 2BR FMR
Champaign-Urbana, IL MSA
Non-Metropolitan area · IL · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $694 | $8,328 |
| 1-Bedroom | $698 | $8,376 |
| 2-Bedroom | $916 | $10,992 |
| 3-Bedroom | $1,274 | $15,288 |
| 4-Bedroom | $1,300 | $15,600 |
Recent 2-Bedroom FMR Trend
FY2020 $862 → FY2026 $916
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $694 | $698 | $916 | $1,274 | $1,300 |
| FY2025 | $597 | $663 | $870 | $1,219 | $1,219 |
| FY2024 | $553 | $614 | $807 | $1,071 | $1,075 |
| FY2023 | $595 | $607 | $792 | $964 | $1,064 |
| FY2022 | $661 | $666 | $782 | $998 | $1,107 |
| 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): $92,500
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $19,450 | $22,200 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $32,400 | $37,000 | $41,650 | $46,250 | $49,950 | $53,650 |
| 80% AMI (Low) | $51,800 | $59,200 | $66,600 | $74,000 | $79,950 | $85,850 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$10,992/yr
FMR as % of Area Median Income
11.9% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$36,640/yr
$3,053/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 | $809 | $925 | $1,040 | $1,248 | $1,341 |
| 60% AMI Maximum | $971 | $1,110 | $1,248 | $1,498 | $1,609 |
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 | $694 | $698 | $916 | $1,274 | $1,300 |
| Low HOME Rent | $810 | $925 | $1,041 | $1,156 | $1,248 |
Compare Champaign-Urbana, IL MSA With Other IL Metros
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vs. Champaign-Urbana, IL MSA