FY2026 Fair Market Rents — Iroquois County
Studio
$694
1BR
$698
2BR
$916
3BR
$1,136
4BR
$1,492
Iroquois County, Illinois
FIPS 17075 · County-level FMR and income limit data
FMR Area: Iroquois County, IL
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 | $1,136 | $13,632 |
| 4-Bedroom | $1,492 | $17,904 |
To afford the FY2026 2-bedroom FMR of $916/mo under the 30%-of-income rule, a household needs about
$36,640/yr ($3,053/mo). Area Median Income is $91,100.
At IL's state minimum wage of $15.00/hr, a worker would need to work 47 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $694 | $698 | $916 | $1,136 | $1,492 |
| FY2025 | $660 | $668 | $876 | $1,081 | $1,269 |
| FY2024 | $605 | $619 | $813 | $1,025 | $1,112 |
| FY2023 | $584 | $588 | $774 | $998 | $1,042 |
| FY2022 | $559 | $563 | $741 | $977 | $1,037 |
| FY2021 | $528 | $531 | $700 | $913 | $1,019 |
| FY2020 | $539 | $546 | $698 | $909 | $1,098 |
FY2026 Income Limits
Area Median Income: $91,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,150 | $21,900 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,900 | $36,450 | $41,000 | $45,550 | $49,200 | $52,850 |
| 80% AMI | $51,050 | $58,350 | $65,650 | $72,900 | $78,750 | $84,600 |