What is the Fair Market Rent for a 2-bedroom in Chicago-Joliet-Naperville, IL HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Chicago-Joliet-Naperville, IL HUD Metro FMR Area is $1,781 per month for fiscal year 2026. The studio FMR is $1,480, 1-bedroom is $1,581, 3-bedroom is $2,294, and 4-bedroom is $2,653.

What income do you need to afford the FMR in Chicago-Joliet-Naperville, IL HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $71,240 per year ($5,937 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,781 in Chicago-Joliet-Naperville, IL HUD Metro FMR Area.

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

Small Area FMRs by ZIP Code

This metro publishes ZIP-level Small Area Fair Market Rents. Metro-wide 2BR FMR: $1,781. About SAFMRs →

Highest-cost ZIPs (2BR SAFMR)

60010	$2,670
60015	$2,670
60021	$2,670
60045	$2,670
60053	$2,670

Lowest-cost ZIPs (2BR SAFMR)

60523	$1,170
61012	$1,170
60141	$1,220
60950	$1,220
61038	$1,260

All 370 ZIP codes in this area

60002 60004 60005 60006 60007 60008 60009 60010 60011 60012 60013 60014 60015 60016 60017 60018 60020 60021 60022 60025 60026 60029 60030 60031 60033 60034 60035 60037 60039 60040 60041 60042 60043 60044 60045 60046 60047 60048 60050 60051 60053 60055 60056 60060 60061 60062 60064 60065 60067 60068 60069 60070 60071 60072 60073 60074 60075 60076 60077 60078 60079 60081 60083 60084 60085 60087 60088 60089 60090 60091 60093 60095 60096 60097 60098 60099 60101 60102 60103 60104 60106 60107 60108 60109 60110 60117 60118 60119 60120 60121 60122 60123 60124 60126 60130 60131 60133 60134 60135 60136 60137 60138 60139 60140 60141 60142 60143 60144 60147 60148 60151 60152 60153 60154 60155 60156 60157 60159 60160 60161 60162 60163 60164 60165 60168 60169 60171 60172 60173 60174 60175 60176 60177 60178 60180 60181 60183 60184 60185 60186 60187 60188 60189 60190 60191 60192 60193 60194 60195 60196 60199 60201 60202 60203 60204 60208 60301 60302 60303 60304 60305 60401 60402 60403 60404 60406 60407 60408 60409 60410 60411 60412 60415 60416 60417 60418 60419 60421 60422 60423 60425 60426 60428 60429 60430 60431 60432 60433 60434 60435 60436 60438 60439 60440 60441 60442 60443 60445 60446 60447 60448 60449 60451 60452 60453 60454 60455 60456 60457 60458 60459 60461 60462 60463 60464 60465 60466 60467 60468 60469 60471 60472 60473 60475 60476 60477 60478 60480 60481 60482 60484 60487 60490 60491 60499 60501 60502 60503 60504 60505 60506 60507 60510 60511 60513 60514 60515 60516 60517 60519 60520 60521 60522 60523 60525 60526 60527 60532 60534 60538 60539 60540 60542 60543 60544 60545 60546 60554 60555 60558 60559 60561 60563 60564 60565 60566 60567 60585 60586 60598 60599 60601 60602 60603 60604 60605 60606 60607 60608 60609 60610 60611 60612 60613 60614 60615 60616 60617 60618 60619 60620 60621 60622 60623 60624 60625 60626 60628 60629 60630 60631 60632 60633 60634 60636 60637 60638 60639 60640 60641 60642 60643 60644 60645 60646 60647 60649 60651 60652 60653 60654 60655 60656 60657 60659 60660 60661 60666 60669 60670 60673 60674 60675 60678 60682 60685 60686 60687 60688 60689 60690 60693 60694 60695 60697 60699 60701 60706 60707 60712 60714 60803 60804 60805 60827 60935 60940 60950 61012 61038

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