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IL/Champaign County/Champaign

Champaign, IL

CitySAFMR
Champaign County
Found 6 ZIPs
Zillow

City Median Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$980 – $1,240$780 – $1,080
1 BR$990 – $1,260$840 – $1,100
2 BR$1,170 – $1,480$1,200 – $1,360
3 BR$1,470 – $1,860$1,590 – $1,960
4 BR$1,540 – $1,950$1,690 – $2,040
5 BR$1,777Not available
6 BR$2,043Not available
7 BR$2,350Not available
8 BR$2,702Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
0.82-1.45
1 BR
3
0.84-1.37
2 BR
3
0.87-1.23
3 BR
2
0.74-1.03
4 BR
3
0.65-0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Champaign, IL fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 6 ZIP codes in Champaign, IL ranges from $1,170 to $1,480 a month, with a median of $1,175. That is up 3.1% from $1,140 in FY 2026. Champaign 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 Champaign is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Champaign, IL
BedroomsFY 2027Change90–110% range
Studio$985+3.1%$887–$1,084
1BR$995+3.6%$896–$1,095
2BR$1,175+3.1%$1,058–$1,293
3BR$1,475+1.4%$1,328–$1,623
4BR$1,545+2.3%$1,391–$1,700

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Champaign, IL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$985$995$1,175$1,475$1,545
FY 2026$955$960$1,140$1,455$1,510
FY 2025$930$940$1,115$1,450$1,475
FY 2024$920$925$1,095$1,430$1,460
FY 2023$910$915$1,080$1,395$1,450

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
61822$1,480+26.0%
61820$1,350+14.9%
61821$1,180+0.4%
61824$1,170−0.4%
61825$1,170−0.4%
61826$1,170−0.4%

Questions about Champaign, IL rents

How much will Section 8 pay for a two-bedroom in Champaign, 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 $1,175 it would be $1,058 to $1,293. 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 Champaign, IL in?

Champaign, 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 Champaign, IL for FY 2027?

The two-bedroom FMR rose 3.1%, from $1,140 in FY 2026 to $1,175 in FY 2027. Since FY 2023 it has risen 8.8%.

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

County fair market rentIL statewide rentsWhat is SAFMR?Data sources