FY2026 Fair Market Rents — Morgan County
Studio
$632
1BR
$698
2BR
$916
3BR
$1,138
4BR
$1,537
Morgan County, Illinois
FIPS 17137 · County-level FMR and income limit data
FMR Area: Morgan County, IL
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $632 | $7,584 |
| 1-Bedroom | $698 | $8,376 |
| 2-Bedroom | $916 | $10,992 |
| 3-Bedroom | $1,138 | $13,656 |
| 4-Bedroom | $1,537 | $18,444 |
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 $91,500.
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 | $698 | $916 | $1,138 | $1,537 |
| FY2025 | $597 | $663 | $870 | $1,067 | $1,409 |
| FY2024 | $553 | $614 | $807 | $1,000 | $1,234 |
| FY2023 | $548 | $607 | $799 | $1,005 | $1,231 |
| FY2022 | $512 | $586 | $771 | $995 | $1,171 |
| FY2021 | $476 | $547 | $721 | $930 | $1,057 |
| FY2020 | $473 | $551 | $726 | $955 | $1,039 |
FY2026 Income Limits
Area Median Income: $91,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,250 | $22,000 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $32,050 | $36,600 | $41,200 | $45,750 | $49,450 | $53,100 |
| 80% AMI | $51,250 | $58,600 | $65,900 | $73,200 | $79,100 | $84,950 |