FY2026 Fair Market Rents — Putnam County, IL
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$646
1BR
$851
2BR
$937
3BR
$1,212
4BR
$1,553
Hours/week at min wage
49 hrs
to afford the 2BR FMR @ $15.00/hr (IL)
YoY change (2BR)
+7.7%
+$67 vs FY2025 · 5-yr +29.4%
Voucher payment standard
$843–$1,031
PHAs set HCV payment at 90–110% of the 2BR FMR
Putnam County, IL
Non-Metropolitan area · IL · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $646 | $7,752 |
| 1-Bedroom | $851 | $10,212 |
| 2-Bedroom | $937 | $11,244 |
| 3-Bedroom | $1,212 | $14,544 |
| 4-Bedroom | $1,553 | $18,636 |
Recent 2-Bedroom FMR Trend
FY2020 $742 → FY2026 $937
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $646 | $851 | $937 | $1,212 | $1,553 |
| FY2025 | $597 | $756 | $870 | $1,136 | $1,461 |
| FY2024 | $552 | $677 | $814 | $1,059 | $1,381 |
| FY2023 | $533 | $645 | $797 | $1,044 | $1,112 |
| FY2022 | $534 | $591 | $757 | $976 | $1,065 |
| FY2021 | $492 | $549 | $724 | $932 | $1,032 |
| FY2020 | $519 | $563 | $742 | $930 | $1,091 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $93,300
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $20,150 | $23,000 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $33,550 | $38,350 | $43,150 | $47,900 | $51,750 | $55,600 |
| 80% AMI (Low) | $53,700 | $61,350 | $69,000 | $76,650 | $82,800 | $88,950 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$11,244/yr
FMR as % of Area Median Income
12.1% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$37,480/yr
$3,123/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 | $816 | $933 | $1,049 | $1,259 | $1,352 |
| 60% AMI Maximum | $979 | $1,119 | $1,259 | $1,511 | $1,623 |
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 | $646 | $851 | $937 | $1,212 | $1,516 |
| Low HOME Rent | $838 | $958 | $1,078 | $1,197 | $1,293 |
Compare Putnam County, IL With Other IL Metros
vs. Bloomington, IL HUD Metro FMR Area
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vs. Champaign-Urbana, IL MSA