FY2026 Fair Market Rents — Stephenson County
Studio
$694
1BR
$698
2BR
$916
3BR
$1,124
4BR
$1,342
Stephenson County, Illinois
FIPS 17177 · County-level FMR and income limit data
FMR Area: Stephenson 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 | $1,124 | $13,488 |
| 4-Bedroom | $1,342 | $16,104 |
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 $86,300.
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 | $1,124 | $1,342 |
| FY2025 | $597 | $663 | $870 | $1,056 | $1,225 |
| FY2024 | $552 | $620 | $814 | $997 | $1,136 |
| FY2023 | $522 | $588 | $774 | $985 | $1,165 |
| FY2022 | $501 | $559 | $735 | $948 | $1,174 |
| FY2021 | $485 | $547 | $700 | $926 | $1,182 |
| FY2020 | $471 | $545 | $698 | $915 | $1,165 |
FY2026 Income Limits
Area Median Income: $86,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,850 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,400 | $35,900 | $40,400 | $44,850 | $48,450 | $52,050 |
| 80% AMI | $50,250 | $57,400 | $64,600 | $71,750 | $77,500 | $83,250 |