FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR- 60534
0.78ratio
FMR$1,530
Market$1,950
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.78
3 BR
3 BR- 60534
0.86ratio
FMR$1,970
Market$2,300
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR- 60534
0.88ratio
FMR$2,250
Market$2,560
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.88
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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Lyons, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lyons, IL is $1,530 a month. That is up 12.5% from $1,360 in FY 2026. Lyons 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 Lyons is 60% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lyons, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,130
$1,280
+13.3%
$1,152–$1,408
1BR
$1,210
$1,350
+11.6%
$1,215–$1,485
2BR
$1,360
$1,530
+12.5%
$1,377–$1,683
3BR
$1,750
$1,970
+12.6%
$1,773–$2,167
4BR
$2,030
$2,250
+10.8%
$2,025–$2,475
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lyons, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,280
$1,350
$1,530
$1,970
$2,250
FY 2026
$1,130
$1,210
$1,360
$1,750
$2,030
FY 2025
$1,170
$1,250
$1,410
$1,810
$2,130
FY 2024
$1,160
$1,250
$1,420
$1,810
$2,140
FY 2023
$990
$1,070
$1,230
$1,560
$1,860
Questions about Lyons, IL rents
How much will Section 8 pay for a two-bedroom in Lyons, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,530, that basic range is $1,377 to $1,683 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 Lyons, IL in?
Lyons, 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 Lyons, IL for FY 2027?
The two-bedroom FMR rose 12.5%, from $1,360 in FY 2026 to $1,530 in FY 2027. Since FY 2023 it has risen 24.4%.
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