FMR is near market; voucher and private rents are aligned.
1.06
2 BR
2 BR- 60104
0.89ratio
FMR$1,700
Market$1,920
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR- 60104
0.81ratio
FMR$2,190
Market$2,720
vs market-$530
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR- 60104
0.83ratio
FMR$2,500
Market$3,010
vs market-$510
FMR is below market; voucher rent may lag private rents.
0.83
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Bellwood, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Bellwood, IL is $1,700 a month. That is up 14.1% from $1,490 in FY 2026. Bellwood 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 Bellwood is 78% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Bellwood, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,240
$1,420
+14.5%
$1,278–$1,562
1BR
$1,320
$1,500
+13.6%
$1,350–$1,650
2BR
$1,490
$1,700
+14.1%
$1,530–$1,870
3BR
$1,920
$2,190
+14.1%
$1,971–$2,409
4BR
$2,220
$2,500
+12.6%
$2,250–$2,750
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Bellwood, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,420
$1,500
$1,700
$2,190
$2,500
FY 2026
$1,240
$1,320
$1,490
$1,920
$2,220
FY 2025
$1,230
$1,320
$1,490
$1,910
$2,250
FY 2024
$1,220
$1,310
$1,490
$1,900
$2,250
FY 2023
$1,050
$1,140
$1,310
$1,660
$1,980
Questions about Bellwood, IL rents
How much will Section 8 pay for a two-bedroom in Bellwood, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,700, that basic range is $1,530 to $1,870 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 Bellwood, IL in?
Bellwood, 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 Bellwood, IL for FY 2027?
The two-bedroom FMR rose 14.1%, from $1,490 in FY 2026 to $1,700 in FY 2027. Since FY 2023 it has risen 29.8%.
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