FY2026 Fair Market Rents — Montgomery County
Studio
$694
1BR
$714
2BR
$937
3BR
$1,123
4BR
$1,287
Montgomery County, Illinois
FIPS 17135 · County-level FMR and income limit data
FMR Area: Montgomery County, IL
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $694 | $8,328 |
| 1-Bedroom | $714 | $8,568 |
| 2-Bedroom | $937 | $11,244 |
| 3-Bedroom | $1,123 | $13,476 |
| 4-Bedroom | $1,287 | $15,444 |
To afford the FY2026 2-bedroom FMR of $937/mo under the 30%-of-income rule, a household needs about
$37,480/yr ($3,123/mo). Area Median Income is $93,600.
At IL's state minimum wage of $15.00/hr, a worker would need to work 49 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $694 | $714 | $937 | $1,123 | $1,287 |
| FY2025 | $644 | $663 | $870 | $1,098 | $1,171 |
| FY2024 | $579 | $614 | $807 | $1,074 | $1,075 |
| FY2023 | $582 | $594 | $774 | $1,027 | $1,048 |
| FY2022 | $540 | $568 | $735 | $929 | $1,042 |
| FY2021 | $532 | $567 | $700 | $871 | $1,008 |
| FY2020 | $508 | $563 | $698 | $870 | $991 |
FY2026 Income Limits
Area Median Income: $93,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,700 | $22,500 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $32,800 | $37,450 | $42,150 | $46,800 | $50,550 | $54,300 |
| 80% AMI | $52,450 | $59,950 | $67,450 | $74,900 | $80,900 | $86,900 |