FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR- 62254
1.01ratio
FMR$1,150
Market$1,140
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR- 62254
1.15ratio
FMR$1,400
Market$1,220
vs market+$180
FMR is above market; underwrite to market rent.
1.15
3 BR
3 BR- 62254
0.96ratio
FMR$1,800
Market$1,870
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 62254
0.85ratio
FMR$2,070
Market$2,430
vs market-$360
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
--
Lebanon, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lebanon, IL is $1,400 a month. That is up 4.5% from $1,340 in FY 2026. Lebanon is in the St. Louis, MO-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 Lebanon is 46% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lebanon, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,050
$1,100
+4.8%
$990–$1,210
1BR
$1,090
$1,150
+5.5%
$1,035–$1,265
2BR
$1,340
$1,400
+4.5%
$1,260–$1,540
3BR
$1,720
$1,800
+4.7%
$1,620–$1,980
4BR
$1,990
$2,070
+4.0%
$1,863–$2,277
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lebanon, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,100
$1,150
$1,400
$1,800
$2,070
FY 2026
$1,050
$1,090
$1,340
$1,720
$1,990
FY 2025
$1,050
$1,090
$1,340
$1,730
$1,990
FY 2024
$970
$1,020
$1,270
$1,640
$1,910
FY 2023
$750
$800
$1,000
$1,300
$1,510
Questions about Lebanon, IL rents
How much will Section 8 pay for a two-bedroom in Lebanon, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,400, that basic range is $1,260 to $1,540 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 Lebanon, IL in?
Lebanon, IL is in the St. Louis, MO-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 Lebanon, IL for FY 2027?
The two-bedroom FMR rose 4.5%, from $1,340 in FY 2026 to $1,400 in FY 2027. Since FY 2023 it has risen 40.0%.
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