FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR- 61038
0.86ratio
FMR$1,080
Market$1,260
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR- 61038
0.87ratio
FMR$1,310
Market$1,510
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR- 61038
0.93ratio
FMR$1,710
Market$1,840
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.93
4 BR
4 BR- 61038
0.95ratio
FMR$1,860
Market$1,950
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.95
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
--
Garden Prairie, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Garden Prairie, IL is $1,310 a month. That is up 4.0% from $1,260 in FY 2026. Garden Prairie is in the Rockford, IL MSA, 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 Garden Prairie is 37% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Garden Prairie, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$940
$990
+5.3%
$891–$1,089
1BR
$1,030
$1,080
+4.9%
$972–$1,188
2BR
$1,260
$1,310
+4.0%
$1,179–$1,441
3BR
$1,660
$1,710
+3.0%
$1,539–$1,881
4BR
$1,810
$1,860
+2.8%
$1,674–$2,046
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Garden Prairie, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$990
$1,080
$1,310
$1,710
$1,860
FY 2026
$940
$1,030
$1,260
$1,660
$1,810
FY 2025
$950
$1,040
$1,280
$1,680
$1,850
FY 2024
$880
$970
$1,200
$1,570
$1,750
FY 2023
$760
$840
$1,040
$1,380
$1,530
Questions about Garden Prairie, IL rents
How much will Section 8 pay for a two-bedroom in Garden Prairie, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,310, that basic range is $1,179 to $1,441 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 Garden Prairie, IL in?
Garden Prairie, IL is in the Rockford, IL MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Garden Prairie, IL for FY 2027?
The two-bedroom FMR rose 4.0%, from $1,260 in FY 2026 to $1,310 in FY 2027. Since FY 2023 it has risen 26.0%.
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