FMR is below market; voucher rent may lag private rents.
0.88
1 BR
1 BR- 61316
0.86ratio
FMR$890
Market$1,030
vs market-$140
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR- 61316
0.90ratio
FMR$1,160
Market$1,290
vs market-$130
FMR is below market; voucher rent may lag private rents.
0.90
3 BR
3 BR- 61316
1.08ratio
FMR$1,510
Market$1,400
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.08
4 BR
4 BR- 61316
1.31ratio
FMR$1,860
Market$1,420
vs market+$440
FMR is above market; underwrite to market rent.
1.31
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
--
Cedar Point, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cedar Point, IL is $1,160 a month. That is up 8.4% from $1,070 in FY 2026. Cedar Point is in the La Salle 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 $1,052. The median county two-bedroom FMR in Illinois is $958, so Cedar Point is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cedar Point, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$770
$810
+5.2%
$729–$891
1BR
$820
$890
+8.5%
$801–$979
2BR
$1,070
$1,160
+8.4%
$1,044–$1,276
3BR
$1,430
$1,510
+5.6%
$1,359–$1,661
4BR
$1,690
$1,860
+10.1%
$1,674–$2,046
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cedar Point, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$810
$890
$1,160
$1,510
$1,860
FY 2026
$770
$820
$1,070
$1,430
$1,690
FY 2025
$750
$790
$1,030
$1,390
$1,560
FY 2024area FMR
$694
$699
$918
$1,248
$1,357
FY 2023area FMR
$669
$673
$886
$1,200
$1,274
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Cedar Point, IL rents
How much will Section 8 pay for a two-bedroom in Cedar Point, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,052, which applies unless the housing authority uses Small Area FMRs, that basic range is $947 to $1,157 a month; under the ZIP-level Small Area FMR of $1,160 it would be $1,044 to $1,276. 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 Cedar Point, IL in?
Cedar Point, IL is in the La Salle County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,052.
How much did fair market rent change in Cedar Point, IL for FY 2027?
The two-bedroom FMR rose 8.4%, from $1,070 in FY 2026 to $1,160 in FY 2027. Since FY 2025 it has risen 12.6%.
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