FY2026 Fair Market Rents — Woodford County
Studio
$758
1BR
$818
2BR
$1,039
3BR
$1,346
4BR
$1,449
Woodford County, Illinois
FIPS 17203 · County-level FMR and income limit data
FMR Area: Peoria, IL MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $758 | $9,096 |
| 1-Bedroom | $818 | $9,816 |
| 2-Bedroom | $1,039 | $12,468 |
| 3-Bedroom | $1,346 | $16,152 |
| 4-Bedroom | $1,449 | $17,388 |
To afford the FY2026 2-bedroom FMR of $1,039/mo under the 30%-of-income rule, a household needs about
$41,560/yr ($3,463/mo). Area Median Income is $106,100.
At IL's state minimum wage of $15.00/hr, a worker would need to work 54 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $758 | $818 | $1,039 | $1,346 | $1,449 |
| FY2025 | $718 | $790 | $1,003 | $1,300 | $1,364 |
| FY2024 | $683 | $756 | $965 | $1,258 | $1,293 |
| FY2023 | $639 | $707 | $896 | $1,164 | $1,211 |
| FY2022 | $592 | $641 | $815 | $1,059 | $1,106 |
| FY2021 | $631 | $675 | $858 | $1,108 | $1,181 |
| FY2020 | $564 | $606 | $772 | $998 | $1,082 |
FY2026 Income Limits
Area Median Income: $106,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,300 | $25,500 | $28,700 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $37,150 | $42,450 | $47,750 | $53,050 | $57,300 | $61,550 |
| 80% AMI | $59,450 | $67,950 | $76,450 | $84,900 | $91,700 | $98,500 |