FMR is near market; voucher and private rents are aligned.
1.05
1 BR
1 BR- 60162
0.97ratio
FMR$1,660
Market$1,710
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR- 60162
0.88ratio
FMR$1,880
Market$2,140
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR- 60162
0.82ratio
FMR$2,420
Market$2,940
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.82
4 BR
4 BR- 60162
0.85ratio
FMR$2,760
Market$3,250
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.85
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
--
Hillside, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hillside, IL is $1,880 a month. That is up 6.8% from $1,760 in FY 2026. Hillside 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 Hillside is 96% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hillside, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,460
$1,570
+7.5%
$1,413–$1,727
1BR
$1,560
$1,660
+6.4%
$1,494–$1,826
2BR
$1,760
$1,880
+6.8%
$1,692–$2,068
3BR
$2,270
$2,420
+6.6%
$2,178–$2,662
4BR
$2,620
$2,760
+5.3%
$2,484–$3,036
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hillside, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,570
$1,660
$1,880
$2,420
$2,760
FY 2026
$1,460
$1,560
$1,760
$2,270
$2,620
FY 2025
$1,510
$1,610
$1,820
$2,340
$2,750
FY 2024
$1,440
$1,550
$1,760
$2,240
$2,650
FY 2023
$1,160
$1,260
$1,440
$1,830
$2,170
Questions about Hillside, IL rents
How much will Section 8 pay for a two-bedroom in Hillside, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,880, that basic range is $1,692 to $2,068 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 Hillside, IL in?
Hillside, 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 Hillside, IL for FY 2027?
The two-bedroom FMR rose 6.8%, from $1,760 in FY 2026 to $1,880 in FY 2027. Since FY 2023 it has risen 30.6%.
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