FMR is near market; voucher and private rents are aligned.
1.10
3 BR
3 BR- 60136
1.30ratio
FMR$3,410
Market$2,620
vs market+$790
FMR is above market; underwrite to market rent.
1.30
4 BR
4 BR- 60136
1.28ratio
FMR$3,890
Market$3,050
vs market+$840
FMR is above market; underwrite to market rent.
1.28
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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Gilberts, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Gilberts, IL is $2,650 a month. That is up 11.8% from $2,370 in FY 2026. Gilberts 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 Gilberts is 177% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Gilberts, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,970
$2,210
+12.2%
$1,989–$2,431
1BR
$2,100
$2,350
+11.9%
$2,115–$2,585
2BR
$2,370
$2,650
+11.8%
$2,385–$2,915
3BR
$3,050
$3,410
+11.8%
$3,069–$3,751
4BR
$3,530
$3,890
+10.2%
$3,501–$4,279
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Gilberts, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,210
$2,350
$2,650
$3,410
$3,890
FY 2026
$1,970
$2,100
$2,370
$3,050
$3,530
FY 2025
$1,820
$1,940
$2,190
$2,820
$3,310
FY 2024
$1,810
$1,950
$2,210
$2,820
$3,330
FY 2023
$1,520
$1,640
$1,890
$2,400
$2,850
Questions about Gilberts, IL rents
How much will Section 8 pay for a two-bedroom in Gilberts, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,650, that basic range is $2,385 to $2,915 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 Gilberts, IL in?
Gilberts, 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 Gilberts, IL for FY 2027?
The two-bedroom FMR rose 11.8%, from $2,370 in FY 2026 to $2,650 in FY 2027. Since FY 2023 it has risen 40.2%.
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