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IL/Kendall County/Joliet

Joliet, IL

CitySAFMR
Kendall County
Found 6 ZIPs
Zillow

City Median Investment Score

120Above average

095130300
BRFMR
Eff. Rent
0 BR$1,480 – $1,670$1,120 – $1,680
1 BR$1,570 – $1,770$1,220 – $1,810
2 BR$1,770 – $2,000$1,520 – $2,140
3 BR$2,280 – $2,570$1,820 – $2,430
4 BR$2,600 – $2,940$1,910 – $2,770
5 BR$3,157Not available
6 BR$3,630Not available
7 BR$4,175Not available
8 BR$4,801Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
0.92-1.44
1 BR
1
1
1
1
1
1
0.88-1.45
2 BR
2
0.84-1.24
3 BR
1
1
1
1
1
1
1.04-1.40
4 BR
1
1
1
1
1
1
1.02-1.36
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Joliet, IL fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 6 ZIP codes in Joliet, IL ranges from $1,770 to $2,000 a month, with a median of $1,870. That is up 13.7% from $1,645 in FY 2026. Joliet is in the Kendall County, 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 Joliet is 95% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Joliet, IL
BedroomsFY 2027Change90–110% range
Studio$1,560+14.3%$1,404–$1,716
1BR$1,655+13.4%$1,490–$1,821
2BR$1,870+13.7%$1,683–$2,057
3BR$2,405+13.4%$2,165–$2,646
4BR$2,745+12.0%$2,471–$3,020

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Joliet, IL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,560$1,655$1,870$2,405$2,745
FY 2026$1,365$1,460$1,645$2,120$2,450
FY 2025$1,350$1,445$1,630$2,095$2,455
FY 2024$1,305$1,405$1,600$2,040$2,415
FY 2023$1,080$1,175$1,345$1,710$2,030

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
60434$2,000+7.0%
60431$1,950+4.3%
60435$1,880+0.5%
60436$1,860−0.5%
60433$1,820−2.7%
60432$1,770−5.3%

Questions about Joliet, IL rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,870, that basic range is $1,683 to $2,057 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 Joliet, IL in?

Joliet, IL is in the Kendall County, 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 Joliet, IL for FY 2027?

The two-bedroom FMR rose 13.7%, from $1,645 in FY 2026 to $1,870 in FY 2027. Since FY 2023 it has risen 39.0%.

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

County fair market rentIL statewide rentsWhat is SAFMR?Data sources