FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR- 60163
0.82ratio
FMR$1,520
Market$1,860
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR- 60163
0.79ratio
FMR$1,720
Market$2,190
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 60163
0.75ratio
FMR$2,210
Market$2,950
vs market-$740
FMR is below market; voucher rent may lag private rents.
0.75
4 BR
4 BR- 60163
0.73ratio
FMR$2,530
Market$3,480
vs market-$950
FMR is below market; voucher rent may lag private rents.
0.73
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
--
Berkeley, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Berkeley, IL is $1,720 a month. That is up 22.0% from $1,410 in FY 2026. Berkeley 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 Berkeley is 80% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Berkeley, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,170
$1,440
+23.1%
$1,296–$1,584
1BR
$1,250
$1,520
+21.6%
$1,368–$1,672
2BR
$1,410
$1,720
+22.0%
$1,548–$1,892
3BR
$1,820
$2,210
+21.4%
$1,989–$2,431
4BR
$2,100
$2,530
+20.5%
$2,277–$2,783
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Berkeley, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,440
$1,520
$1,720
$2,210
$2,530
FY 2026
$1,170
$1,250
$1,410
$1,820
$2,100
FY 2025
$1,130
$1,200
$1,360
$1,750
$2,050
FY 2024
$1,130
$1,220
$1,390
$1,770
$2,090
FY 2023
$970
$1,050
$1,200
$1,520
$1,810
Questions about Berkeley, IL rents
How much will Section 8 pay for a two-bedroom in Berkeley, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,720, that basic range is $1,548 to $1,892 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 Berkeley, IL in?
Berkeley, 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 Berkeley, IL for FY 2027?
The two-bedroom FMR rose 22.0%, from $1,410 in FY 2026 to $1,720 in FY 2027. Since FY 2023 it has risen 43.3%.
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