FMR is below market; voucher rent may lag private rents.
0.83
1 BR
1 BR- 60401
0.88ratio
FMR$1,410
Market$1,610
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR- 60401
0.95ratio
FMR$1,590
Market$1,670
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR- 60401
1.16ratio
FMR$2,040
Market$1,760
vs market+$280
FMR is above market; underwrite to market rent.
1.16
4 BR
4 BR- 60401
1.24ratio
FMR$2,330
Market$1,880
vs market+$450
FMR is above market; underwrite to market rent.
1.24
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
--
Mortgage rate
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Beecher, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Beecher, IL is $1,590 a month. That is up 12.8% from $1,410 in FY 2026. Beecher is in the Kankakee, IL MSA, 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 Beecher is 66% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Beecher, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,170
$1,330
+13.7%
$1,197–$1,463
1BR
$1,250
$1,410
+12.8%
$1,269–$1,551
2BR
$1,410
$1,590
+12.8%
$1,431–$1,749
3BR
$1,820
$2,040
+12.1%
$1,836–$2,244
4BR
$2,100
$2,330
+11.0%
$2,097–$2,563
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Beecher, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,330
$1,410
$1,590
$2,040
$2,330
FY 2026
$1,170
$1,250
$1,410
$1,820
$2,100
FY 2025
$1,150
$1,230
$1,390
$1,780
$2,090
FY 2024
$1,140
$1,230
$1,400
$1,780
$2,110
FY 2023
$1,000
$1,090
$1,250
$1,590
$1,880
Questions about Beecher, IL rents
How much will Section 8 pay for a two-bedroom in Beecher, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,590, that basic range is $1,431 to $1,749 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 Beecher, IL in?
Beecher, IL is in the Kankakee, IL MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Beecher, IL for FY 2027?
The two-bedroom FMR rose 12.8%, from $1,410 in FY 2026 to $1,590 in FY 2027. Since FY 2023 it has risen 27.2%.
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