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IL/Cook County/Evanston

Evanston, IL

CitySAFMR
Cook County
Found 5 ZIPs
Zillow

City Median Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$1,650 – $2,190$1,130 – $2,410
1 BR$1,750 – $2,330$1,320 – $2,560
2 BR$1,980 – $2,630$1,400 – $2,890
3 BR$2,550 – $3,380$1,840 – $3,720
4 BR$2,910 – $3,860$2,040 – $4,150
5 BR$4,336Not available
6 BR$4,986Not available
7 BR$5,734Not available
8 BR$6,594Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
0.79-1.58
1 BR
2
0.78-1.50
2 BR
1
1
1
1
1
0.71-1.41
3 BR
1
1
1
1
1
0.83-1.39
4 BR
2
0.78-1.43
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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Evanston, IL fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 5 ZIP codes in Evanston, IL ranges from $1,980 to $2,630 a month, with a median of $2,570. That is up 8.4% from $2,370 in FY 2026. Evanston 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 Evanston is 168% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Evanston, IL
BedroomsFY 2027Change90–110% range
Studio$2,140+8.6%$1,926–$2,354
1BR$2,270+8.1%$2,043–$2,497
2BR$2,570+8.4%$2,313–$2,827
3BR$3,300+8.2%$2,970–$3,630
4BR$3,770+6.8%$3,393–$4,147

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Evanston, IL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,140$2,270$2,570$3,300$3,770
FY 2026$1,970$2,100$2,370$3,050$3,530
FY 2025$1,960$2,100$2,370$3,040$3,580
FY 2024$1,650$1,780$2,020$2,570$3,040
FY 2023$1,360$1,470$1,690$2,140$2,550

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
60201$2,630+2.3%
60208$2,630+2.3%
60203$2,5700.0%
60202$2,460−4.3%
60204$1,980−23.0%

Questions about Evanston, IL rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,570, that basic range is $2,313 to $2,827 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 Evanston, IL in?

Evanston, 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 Evanston, IL for FY 2027?

The two-bedroom FMR rose 8.4%, from $2,370 in FY 2026 to $2,570 in FY 2027. Since FY 2023 it has risen 52.1%.

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