FY2026 Fair Market Rents — Coles County
Studio
$665
1BR
$759
2BR
$965
3BR
$1,261
4BR
$1,348
Coles County, Illinois
FIPS 17029 · County-level FMR and income limit data
FMR Area: Coles County, IL
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $665 | $7,980 |
| 1-Bedroom | $759 | $9,108 |
| 2-Bedroom | $965 | $11,580 |
| 3-Bedroom | $1,261 | $15,132 |
| 4-Bedroom | $1,348 | $16,176 |
To afford the FY2026 2-bedroom FMR of $965/mo under the 30%-of-income rule, a household needs about
$38,600/yr ($3,217/mo). Area Median Income is $78,300.
At IL's state minimum wage of $15.00/hr, a worker would need to work 50 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $665 | $759 | $965 | $1,261 | $1,348 |
| FY2025 | $614 | $689 | $895 | $1,188 | $1,269 |
| FY2024 | $575 | $645 | $848 | $1,123 | $1,133 |
| FY2023 | $540 | $614 | $808 | $1,098 | $1,106 |
| FY2022 | $527 | $603 | $793 | $1,075 | $1,122 |
| FY2021 | $482 | $554 | $730 | $996 | $1,055 |
| FY2020 | $500 | $570 | $741 | $1,012 | $1,075 |
FY2026 Income Limits
Area Median Income: $78,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,850 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,400 | $35,900 | $40,400 | $44,850 | $48,450 | $52,050 |
| 80% AMI | $50,250 | $57,400 | $64,600 | $71,750 | $77,500 | $83,250 |