FMR is near market; voucher and private rents are aligned.
1.10
1 BR
1 BR- 61528
1.19ratio
FMR$1,070
Market$900
vs market+$170
FMR is above market; underwrite to market rent.
1.19
2 BR
2 BR- 61528
0.99ratio
FMR$1,350
Market$1,370
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
3 BR
3 BR- 61528
1.23ratio
FMR$1,740
Market$1,410
vs market+$330
FMR is above market; underwrite to market rent.
1.23
4 BR
4 BR- 61528
1.35ratio
FMR$1,910
Market$1,420
vs market+$490
FMR is above market; underwrite to market rent.
1.35
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
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Edwards, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Edwards, IL is $1,350 a month. That is up 14.4% from $1,180 in FY 2026. Edwards is in the Peoria, IL MSA. 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 $1,212. The median county two-bedroom FMR in Illinois is $958, so Edwards is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Edwards, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$840
$1,020
+21.4%
$918–$1,122
1BR
$930
$1,070
+15.1%
$963–$1,177
2BR
$1,180
$1,350
+14.4%
$1,215–$1,485
3BR
$1,540
$1,740
+13.0%
$1,566–$1,914
4BR
$1,610
$1,910
+18.6%
$1,719–$2,101
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Edwards, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,020
$1,070
$1,350
$1,740
$1,910
FY 2026
$840
$930
$1,180
$1,540
$1,610
FY 2025
$930
$1,030
$1,310
$1,710
$1,750
FY 2024
$1,030
$1,140
$1,450
$1,890
$1,940
FY 2023
$960
$1,060
$1,340
$1,740
$1,810
Questions about Edwards, IL rents
How much will Section 8 pay for a two-bedroom in Edwards, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,212, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,091 to $1,333 a month; under the ZIP-level Small Area FMR of $1,350 it would be $1,215 to $1,485. 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 Edwards, IL in?
Edwards, IL is in the Peoria, IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,212.
How much did fair market rent change in Edwards, IL for FY 2027?
The two-bedroom FMR rose 14.4%, from $1,180 in FY 2026 to $1,350 in FY 2027. Since FY 2023 it has risen 0.7%.
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