FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR- 61938
0.85ratio
FMR$730
Market$860
vs market-$130
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR- 61938
0.89ratio
FMR$930
Market$1,040
vs market-$110
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR- 61938
1.13ratio
FMR$1,210
Market$1,070
vs market+$140
FMR is above market; underwrite to market rent.
1.13
4 BR
4 BR- 61938
1.25ratio
FMR$1,390
Market$1,110
vs market+$280
FMR is above market; underwrite to market rent.
1.25
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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Mattoon, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mattoon, IL is $930 a month. That is up 1.1% from $920 in FY 2026. Mattoon is in the Coles County, IL non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $950. The median county two-bedroom FMR in Illinois is $958, so Mattoon is 3% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mattoon, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$630
$650
+3.2%
$585–$715
1BR
$720
$730
+1.4%
$657–$803
2BR
$920
$930
+1.1%
$837–$1,023
3BR
$1,200
$1,210
+0.8%
$1,089–$1,331
4BR
$1,290
$1,390
+7.8%
$1,251–$1,529
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mattoon, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$650
$730
$930
$1,210
$1,390
FY 2026
$630
$720
$920
$1,200
$1,290
FY 2025
$600
$670
$870
$1,160
$1,230
FY 2024area FMR
$575
$645
$848
$1,123
$1,133
FY 2023area FMR
$540
$614
$808
$1,098
$1,106
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Mattoon, IL rents
How much will Section 8 pay for a two-bedroom in Mattoon, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $950, which applies unless the housing authority uses Small Area FMRs, that basic range is $855 to $1,045 a month; under the ZIP-level Small Area FMR of $930 it would be $837 to $1,023. 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 Mattoon, IL in?
Mattoon, IL is in the Coles County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $950.
How much did fair market rent change in Mattoon, IL for FY 2027?
The two-bedroom FMR rose 1.1%, from $920 in FY 2026 to $930 in FY 2027. Since FY 2025 it has risen 6.9%.
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