FMR is near market; voucher and private rents are aligned.
1.06
1 BR
1 BR- 60406
0.97ratio
FMR$1,330
Market$1,370
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR- 60406
0.85ratio
FMR$1,500
Market$1,760
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR- 60406
0.81ratio
FMR$1,930
Market$2,390
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR- 60406
0.85ratio
FMR$2,200
Market$2,580
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.85
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
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Blue Island, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Blue Island, IL is $1,500 a month. That is up 11.1% from $1,350 in FY 2026. Blue Island 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 Blue Island is 57% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Blue Island, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,120
$1,250
+11.6%
$1,125–$1,375
1BR
$1,200
$1,330
+10.8%
$1,197–$1,463
2BR
$1,350
$1,500
+11.1%
$1,350–$1,650
3BR
$1,740
$1,930
+10.9%
$1,737–$2,123
4BR
$2,010
$2,200
+9.5%
$1,980–$2,420
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Blue Island, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,250
$1,330
$1,500
$1,930
$2,200
FY 2026
$1,120
$1,200
$1,350
$1,740
$2,010
FY 2025
$1,110
$1,190
$1,340
$1,720
$2,020
FY 2024
$1,060
$1,140
$1,300
$1,650
$1,960
FY 2023
$880
$950
$1,090
$1,380
$1,640
Questions about Blue Island, IL rents
How much will Section 8 pay for a two-bedroom in Blue Island, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,500, that basic range is $1,350 to $1,650 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 Blue Island, IL in?
Blue Island, 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 Blue Island, IL for FY 2027?
The two-bedroom FMR rose 11.1%, from $1,350 in FY 2026 to $1,500 in FY 2027. Since FY 2023 it has risen 37.6%.
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