FY2026 Fair Market Rents — Lee County
Studio
$632
1BR
$810
2BR
$916
3BR
$1,274
4BR
$1,395
Lee County, Illinois
FIPS 17103 · County-level FMR and income limit data
FMR Area: Lee County, IL
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $632 | $7,584 |
| 1-Bedroom | $810 | $9,720 |
| 2-Bedroom | $916 | $10,992 |
| 3-Bedroom | $1,274 | $15,288 |
| 4-Bedroom | $1,395 | $16,740 |
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 $93,100.
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 | $632 | $810 | $916 | $1,274 | $1,395 |
| FY2025 | $605 | $786 | $883 | $1,237 | $1,319 |
| FY2024 | $553 | $710 | $807 | $1,137 | $1,188 |
| FY2023 | $531 | $650 | $774 | $1,100 | $1,145 |
| FY2022 | $503 | $594 | $735 | $995 | $1,067 |
| FY2021 | $490 | $556 | $720 | $920 | $1,045 |
| FY2020 | $477 | $556 | $732 | $912 | $1,048 |
FY2026 Income Limits
Area Median Income: $93,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,600 | $22,400 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $32,600 | $37,250 | $41,900 | $46,550 | $50,300 | $54,000 |
| 80% AMI | $52,150 | $59,600 | $67,050 | $74,500 | $80,500 | $86,450 |