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IL/Kane County/Aurora

Aurora, IL

CitySAFMR
Kane County
Found 8 ZIPs
Zillow

City Median Investment Score

115Above average

095130300
BRFMR
Eff. Rent
0 BR$1,510 – $2,370$1,220 – $2,050
1 BR$1,600 – $2,470$1,410 – $2,200
2 BR$1,810 – $2,910$1,900 – $2,480
3 BR$2,330 – $3,760$2,310 – $2,810
4 BR$2,660 – $4,200$2,450 – $3,350
5 BR$3,852Not available
6 BR$4,430Not available
7 BR$5,095Not available
8 BR$5,859Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
0.92-1.52
1 BR
2
1.00-1.42
2 BR
2
2
0.75-1.26
3 BR
2
2
0.85-1.40
4 BR
2
0.81-1.31
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Aurora, IL fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 8 ZIP codes in Aurora, IL ranges from $1,810 to $2,910 a month, with a median of $2,280. That is up 13.4% from $2,010 in FY 2026. Aurora is in the Chicago-Joliet-Naperville, IL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Illinois is $958, so Aurora is 138% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Aurora, IL
BedroomsFY 2027Change90–110% range
Studio$1,900+13.8%$1,710–$2,090
1BR$2,020+13.5%$1,818–$2,222
2BR$2,280+13.4%$2,052–$2,508
3BR$2,930+13.1%$2,637–$3,223
4BR$3,350+12.0%$3,015–$3,685

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Aurora, IL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,900$2,020$2,280$2,930$3,350
FY 2026$1,670$1,780$2,010$2,590$2,990
FY 2025$1,650$1,760$1,990$2,560$3,000
FY 2024$1,580$1,710$1,940$2,470$2,920
FY 2023$1,310$1,420$1,630$2,070$2,460

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
60503$2,910+27.6%
60502$2,730+19.7%
60504$2,700+18.4%
60598$2,2800.0%
60507$1,980−13.2%
60506$1,830−19.7%
60505$1,810−20.6%

Questions about Aurora, IL rents

How much will Section 8 pay for a two-bedroom in Aurora, IL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,280, that basic range is $2,052 to $2,508 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Aurora, IL in?

Aurora, IL is in the Chicago-Joliet-Naperville, IL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Aurora, IL for FY 2027?

The two-bedroom FMR rose 13.4%, from $2,010 in FY 2026 to $2,280 in FY 2027. Since FY 2023 it has risen 39.9%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentIL statewide rentsWhat is SAFMR?Data sources