FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR- 60148
1.30ratio
FMR$3,290
Market$2,540
vs market+$750
FMR is above market; underwrite to market rent.
1.30
4 BR
4 BR- 60148
1.24ratio
FMR$3,760
Market$3,040
vs market+$720
FMR is above market; underwrite to market rent.
1.24
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
--
Lombard, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lombard, IL is $2,560 a month. That is up 16.9% from $2,190 in FY 2026. Lombard 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 Lombard is 167% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lombard, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,820
$2,140
+17.6%
$1,926–$2,354
1BR
$1,940
$2,270
+17.0%
$2,043–$2,497
2BR
$2,190
$2,560
+16.9%
$2,304–$2,816
3BR
$2,820
$3,290
+16.7%
$2,961–$3,619
4BR
$3,260
$3,760
+15.3%
$3,384–$4,136
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lombard, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,140
$2,270
$2,560
$3,290
$3,760
FY 2026
$1,820
$1,940
$2,190
$2,820
$3,260
FY 2025
$1,780
$1,900
$2,150
$2,760
$3,240
FY 2024
$1,730
$1,860
$2,120
$2,700
$3,190
FY 2023
$1,440
$1,560
$1,790
$2,270
$2,700
Questions about Lombard, IL rents
How much will Section 8 pay for a two-bedroom in Lombard, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,560, that basic range is $2,304 to $2,816 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 Lombard, IL in?
Lombard, 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 Lombard, IL for FY 2027?
The two-bedroom FMR rose 16.9%, from $2,190 in FY 2026 to $2,560 in FY 2027. Since FY 2023 it has risen 43.0%.
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