FMR is near market; voucher and private rents are aligned.
1.04
1 BR
1 BR- 62234
0.97ratio
FMR$1,020
Market$1,050
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR- 62234
1.03ratio
FMR$1,250
Market$1,210
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR- 62234
0.92ratio
FMR$1,600
Market$1,730
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR- 62234
0.79ratio
FMR$1,850
Market$2,340
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.79
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
--
Collinsville, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Collinsville, IL is $1,250 a month. That is up 11.6% from $1,120 in FY 2026. Collinsville is in the St. Louis, MO-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 Collinsville is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Collinsville, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$880
$990
+12.5%
$891–$1,089
1BR
$910
$1,020
+12.1%
$918–$1,122
2BR
$1,120
$1,250
+11.6%
$1,125–$1,375
3BR
$1,440
$1,600
+11.1%
$1,440–$1,760
4BR
$1,670
$1,850
+10.8%
$1,665–$2,035
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Collinsville, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$990
$1,020
$1,250
$1,600
$1,850
FY 2026
$880
$910
$1,120
$1,440
$1,670
FY 2025
$880
$920
$1,130
$1,460
$1,680
FY 2024
$890
$930
$1,160
$1,500
$1,740
FY 2023
$750
$800
$1,000
$1,300
$1,510
Questions about Collinsville, IL rents
How much will Section 8 pay for a two-bedroom in Collinsville, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,250, that basic range is $1,125 to $1,375 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 Collinsville, IL in?
Collinsville, IL is in the St. Louis, MO-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 Collinsville, IL for FY 2027?
The two-bedroom FMR rose 11.6%, from $1,120 in FY 2026 to $1,250 in FY 2027. Since FY 2023 it has risen 25.0%.
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