FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR- 61815
0.88ratio
FMR$1,040
Market$1,180
vs market-$140
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR- 61815
1.02ratio
FMR$1,230
Market$1,200
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR- 61815
0.74ratio
FMR$1,550
Market$2,090
vs market-$540
FMR is below market; voucher rent may lag private rents.
0.74
4 BR
4 BR- 61815
0.67ratio
FMR$1,620
Market$2,430
vs market-$810
FMR is below market; voucher rent may lag private rents.
0.67
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
--
Bondville, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Bondville, IL is $1,230 a month. That is up 17.1% from $1,050 in FY 2026. Bondville is in the Champaign-Urbana, IL HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,173. The median county two-bedroom FMR in Illinois is $958, so Bondville is 28% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Bondville, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$880
$1,030
+17.0%
$927–$1,133
1BR
$890
$1,040
+16.9%
$936–$1,144
2BR
$1,050
$1,230
+17.1%
$1,107–$1,353
3BR
$1,340
$1,550
+15.7%
$1,395–$1,705
4BR
$1,390
$1,620
+16.5%
$1,458–$1,782
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Bondville, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,030
$1,040
$1,230
$1,550
$1,620
FY 2026
$880
$890
$1,050
$1,340
$1,390
FY 2025
$800
$800
$950
$1,240
$1,260
FY 2024
$780
$790
$930
$1,210
$1,250
FY 2023
$750
$750
$880
$1,130
$1,200
Questions about Bondville, IL rents
How much will Section 8 pay for a two-bedroom in Bondville, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,173, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,056 to $1,290 a month; under the ZIP-level Small Area FMR of $1,230 it would be $1,107 to $1,353. 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 Bondville, IL in?
Bondville, IL is in the Champaign-Urbana, IL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,173.
How much did fair market rent change in Bondville, IL for FY 2027?
The two-bedroom FMR rose 17.1%, from $1,050 in FY 2026 to $1,230 in FY 2027. Since FY 2023 it has risen 39.8%.
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