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IL/DuPage County/Elgin

Elgin, IL

CitySAFMR
DuPage County
Found 4 ZIPs
Zillow

City Median Investment Score

92Below average

095130300
BRFMR
Eff. Rent
0 BR$1,490 – $2,240$1,130 – $1,620
1 BR$1,580 – $2,380$1,400 – $1,830
2 BR$1,790 – $2,690$1,660 – $1,970
3 BR$2,300 – $3,460$2,190 – $2,530
4 BR$2,630 – $3,950$2,650 – $3,280
5 BR$3,289Not available
6 BR$3,782Not available
7 BR$4,350Not available
8 BR$5,002Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
2
1.32-1.46
1 BR
1
1
1
1
1.13-1.30
2 BR
1
1
1
1
0.96-1.37
3 BR
1
1
1
1
1.01-1.37
4 BR
2
0.99-1.20
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Elgin, IL fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 4 ZIP codes in Elgin, IL ranges from $1,790 to $2,690 a month, with a median of $1,945. That is up 14.7% from $1,695 in FY 2026. Elgin 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 Elgin is 103% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Elgin, IL
BedroomsFY 2027Change90–110% range
Studio$1,620+15.3%$1,458–$1,782
1BR$1,720+14.3%$1,548–$1,892
2BR$1,945+14.7%$1,751–$2,140
3BR$2,505+14.9%$2,255–$2,756
4BR$2,860+13.3%$2,574–$3,146

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Elgin, IL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,620$1,720$1,945$2,505$2,860
FY 2026$1,405$1,505$1,695$2,180$2,525
FY 2025$1,395$1,490$1,685$2,160$2,545
FY 2024$1,355$1,455$1,660$2,110$2,500
FY 2023$1,140$1,235$1,415$1,795$2,135

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
60124$2,690+38.3%
60121$1,980+1.8%
60120$1,910−1.8%
60123$1,790−8.0%

Questions about Elgin, IL rents

How much will Section 8 pay for a two-bedroom in Elgin, IL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,945, that basic range is $1,751 to $2,140 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 Elgin, IL in?

Elgin, 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 Elgin, IL for FY 2027?

The two-bedroom FMR rose 14.7%, from $1,695 in FY 2026 to $1,945 in FY 2027. Since FY 2023 it has risen 37.5%.

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