FY2026 Fair Market Rents — Vermilion County
Studio
$672
1BR
$742
2BR
$974
3BR
$1,179
4BR
$1,306
Vermilion County, Illinois
FIPS 17183 · County-level FMR and income limit data
FMR Area: Danville, IL MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $672 | $8,064 |
| 1-Bedroom | $742 | $8,904 |
| 2-Bedroom | $974 | $11,688 |
| 3-Bedroom | $1,179 | $14,148 |
| 4-Bedroom | $1,306 | $15,672 |
To afford the FY2026 2-bedroom FMR of $974/mo under the 30%-of-income rule, a household needs about
$38,960/yr ($3,247/mo). Area Median Income is $82,900.
At IL's state minimum wage of $15.00/hr, a worker would need to work 50 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $672 | $742 | $974 | $1,179 | $1,306 |
| FY2025 | $686 | $763 | $1,001 | $1,222 | $1,351 |
| FY2024 | $691 | $728 | $956 | $1,191 | $1,273 |
| FY2023 | $646 | $667 | $878 | $1,112 | $1,179 |
| FY2022 | $597 | $610 | $802 | $1,038 | $1,088 |
| FY2021 | $524 | $598 | $788 | $1,037 | $1,069 |
| FY2020 | $482 | $572 | $740 | $969 | $1,002 |
FY2026 Income Limits
Area Median Income: $82,900
| 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 |