FY2026 Fair Market Rents — Grundy County
Studio
$1,032
1BR
$1,118
2BR
$1,459
3BR
$1,979
4BR
$2,203
Grundy County, Illinois
FIPS 17063 · County-level FMR and income limit data
FMR Area: Grundy County, IL HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,032 | $12,384 |
| 1-Bedroom | $1,118 | $13,416 |
| 2-Bedroom | $1,459 | $17,508 |
| 3-Bedroom | $1,979 | $23,748 |
| 4-Bedroom | $2,203 | $26,436 |
To afford the FY2026 2-bedroom FMR of $1,459/mo under the 30%-of-income rule, a household needs about
$58,360/yr ($4,863/mo). Area Median Income is $116,100.
At IL's state minimum wage of $15.00/hr, a worker would need to work 75 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,032 | $1,118 | $1,459 | $1,979 | $2,203 |
| FY2025 | $1,045 | $1,151 | $1,510 | $1,999 | $2,006 |
| FY2024 | $1,025 | $1,134 | $1,490 | $1,947 | $1,984 |
| FY2023 | $848 | $947 | $1,247 | $1,596 | $1,675 |
| FY2022 | $910 | $916 | $1,205 | $1,514 | $1,634 |
| FY2021 | $887 | $893 | $1,177 | $1,478 | $1,596 |
| FY2020 | $873 | $879 | $1,158 | $1,492 | $1,569 |
FY2026 Income Limits
Area Median Income: $116,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $24,400 | $27,900 | $31,400 | $34,850 | $38,680 | $44,360 |
| 50% AMI | $40,650 | $46,450 | $52,250 | $58,050 | $62,700 | $67,350 |
| 80% AMI | $65,050 | $74,350 | $83,650 | $92,900 | $100,350 | $107,800 |