FMR is near market; voucher and private rents are aligned.
0.99
1 BR
1 BR- 60110
1.06ratio
FMR$1,790
Market$1,690
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.06
2 BR
2 BR- 60110
1.02ratio
FMR$2,020
Market$1,990
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR- 60110
1.04ratio
FMR$2,600
Market$2,500
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR- 60110
1.00ratio
FMR$2,970
Market$2,970
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
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
--
Carpentersville, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Carpentersville, IL is $2,020 a month. That is up 10.4% from $1,830 in FY 2026. Carpentersville 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 Carpentersville is 111% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Carpentersville, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,520
$1,690
+11.2%
$1,521–$1,859
1BR
$1,620
$1,790
+10.5%
$1,611–$1,969
2BR
$1,830
$2,020
+10.4%
$1,818–$2,222
3BR
$2,360
$2,600
+10.2%
$2,340–$2,860
4BR
$2,730
$2,970
+8.8%
$2,673–$3,267
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Carpentersville, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,690
$1,790
$2,020
$2,600
$2,970
FY 2026
$1,520
$1,620
$1,830
$2,360
$2,730
FY 2025
$1,530
$1,640
$1,850
$2,380
$2,790
FY 2024
$1,470
$1,580
$1,800
$2,290
$2,710
FY 2023
$1,210
$1,310
$1,500
$1,900
$2,260
Questions about Carpentersville, IL rents
How much will Section 8 pay for a two-bedroom in Carpentersville, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,020, that basic range is $1,818 to $2,222 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 Carpentersville, IL in?
Carpentersville, 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 Carpentersville, IL for FY 2027?
The two-bedroom FMR rose 10.4%, from $1,830 in FY 2026 to $2,020 in FY 2027. Since FY 2023 it has risen 34.7%.
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