FMR is below market; voucher rent may lag private rents.
0.77
1 BR
1 BR- 61115
0.83ratio
FMR$990
Market$1,190
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.83
2 BR
2 BR- 61115
0.96ratio
FMR$1,300
Market$1,360
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR- 61115
1.01ratio
FMR$1,710
Market$1,700
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
4 BR
4 BR- 61115
0.96ratio
FMR$1,750
Market$1,830
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.96
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
--
Machesney Park, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Machesney Park, IL is $1,300 a month. That is down 3.7% from $1,350 in FY 2026. Machesney Park is in the Rockford, IL MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,172. The median county two-bedroom FMR in Illinois is $958, so Machesney Park is 36% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Machesney Park, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$930
$910
−2.2%
$819–$1,001
1BR
$1,030
$990
−3.9%
$891–$1,089
2BR
$1,350
$1,300
−3.7%
$1,170–$1,430
3BR
$1,790
$1,710
−4.5%
$1,539–$1,881
4BR
$1,830
$1,750
−4.4%
$1,575–$1,925
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Machesney Park, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$910
$990
$1,300
$1,710
$1,750
FY 2026
$930
$1,030
$1,350
$1,790
$1,830
FY 2025
$940
$1,040
$1,370
$1,810
$1,860
FY 2024
$810
$910
$1,200
$1,610
$1,660
FY 2023
$730
$830
$1,090
$1,470
$1,530
Questions about Machesney Park, IL rents
How much will Section 8 pay for a two-bedroom in Machesney Park, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,172, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,055 to $1,289 a month; under the ZIP-level Small Area FMR of $1,300 it would be $1,170 to $1,430. 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 Machesney Park, IL in?
Machesney Park, IL is in the Rockford, IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,172.
How much did fair market rent change in Machesney Park, IL for FY 2027?
The two-bedroom FMR fell 3.7%, from $1,350 in FY 2026 to $1,300 in FY 2027. Since FY 2023 it has risen 19.3%.
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