FMR is near market; voucher and private rents are aligned.
1.00
1 BR
1 BR- 61520
1.01ratio
FMR$740
Market$730
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR- 61520
1.19ratio
FMR$940
Market$790
vs market+$150
FMR is above market; underwrite to market rent.
1.19
3 BR
3 BR- 61520
1.61ratio
FMR$1,290
Market$800
vs market+$490
FMR is above market; underwrite to market rent.
1.61
4 BR
4 BR- 61520
1.52ratio
FMR$1,310
Market$860
vs market+$450
FMR is above market; underwrite to market rent.
1.52
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
--
Canton, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Canton, IL is $940 a month. That is up 2.2% from $920 in FY 2026. Canton is in the Fulton County, IL non-metropolitan 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 county-wide two-bedroom FMR of $930. The median county two-bedroom FMR in Illinois is $958, so Canton is 2% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Canton, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$710
$690
−2.8%
$621–$759
1BR
$720
$740
+2.8%
$666–$814
2BR
$920
$940
+2.2%
$846–$1,034
3BR
$1,280
$1,290
+0.8%
$1,161–$1,419
4BR
$1,290
$1,310
+1.6%
$1,179–$1,441
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Canton, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$690
$740
$940
$1,290
$1,310
FY 2026
$710
$720
$920
$1,280
$1,290
FY 2025
$670
$690
$880
$1,210
$1,280
FY 2024
$670
$670
$880
$1,150
$1,360
FY 2023
$640
$650
$850
$1,050
$1,400
Questions about Canton, IL rents
How much will Section 8 pay for a two-bedroom in Canton, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $930, which applies unless the housing authority uses Small Area FMRs, that basic range is $837 to $1,023 a month; under the ZIP-level Small Area FMR of $940 it would be $846 to $1,034. 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 Canton, IL in?
Canton, IL is in the Fulton County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $930.
How much did fair market rent change in Canton, IL for FY 2027?
The two-bedroom FMR rose 2.2%, from $920 in FY 2026 to $940 in FY 2027. Since FY 2023 it has risen 10.6%.
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