FY2026 Fair Market Rents — Mercer County
Studio
$817
1BR
$928
2BR
$1,143
3BR
$1,498
4BR
$1,819
Mercer County, Illinois
FIPS 17131 · County-level FMR and income limit data
FMR Area: Davenport-Moline-Rock Island, IA-IL MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $817 | $9,804 |
| 1-Bedroom | $928 | $11,136 |
| 2-Bedroom | $1,143 | $13,716 |
| 3-Bedroom | $1,498 | $17,976 |
| 4-Bedroom | $1,819 | $21,828 |
To afford the FY2026 2-bedroom FMR of $1,143/mo under the 30%-of-income rule, a household needs about
$45,720/yr ($3,810/mo). Area Median Income is $97,500.
At IL's state minimum wage of $15.00/hr, a worker would need to work 59 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $817 | $928 | $1,143 | $1,498 | $1,819 |
| FY2025 | $707 | $831 | $1,025 | $1,336 | $1,578 |
| FY2024 | $646 | $773 | $953 | $1,247 | $1,437 |
| FY2023 | $606 | $733 | $906 | $1,193 | $1,353 |
| FY2022 | $535 | $650 | $805 | $1,070 | $1,209 |
| FY2021 | $517 | $626 | $784 | $1,047 | $1,183 |
| FY2020 | $524 | $615 | $778 | $1,028 | $1,169 |
FY2026 Income Limits
Area Median Income: $97,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,500 | $23,400 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,150 | $39,000 | $43,900 | $48,750 | $52,650 | $56,550 |
| 80% AMI | $54,600 | $62,400 | $70,200 | $78,000 | $84,250 | $90,500 |