FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR- 60448
0.95ratio
FMR$1,730
Market$1,830
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR- 60448
0.85ratio
FMR$1,950
Market$2,300
vs market-$350
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR- 60448
0.88ratio
FMR$2,510
Market$2,840
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR- 60448
0.84ratio
FMR$2,860
Market$3,410
vs market-$550
FMR is below market; voucher rent may lag private rents.
0.84
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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Mokena, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mokena, IL is $1,950 a month. That is up 5.4% from $1,850 in FY 2026. Mokena 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 Mokena is 104% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mokena, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,540
$1,630
+5.8%
$1,467–$1,793
1BR
$1,640
$1,730
+5.5%
$1,557–$1,903
2BR
$1,850
$1,950
+5.4%
$1,755–$2,145
3BR
$2,380
$2,510
+5.5%
$2,259–$2,761
4BR
$2,760
$2,860
+3.6%
$2,574–$3,146
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mokena, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,630
$1,730
$1,950
$2,510
$2,860
FY 2026
$1,540
$1,640
$1,850
$2,380
$2,760
FY 2025
$1,510
$1,610
$1,820
$2,340
$2,750
FY 2024
$1,450
$1,560
$1,770
$2,250
$2,670
FY 2023
$1,130
$1,230
$1,410
$1,790
$2,130
Questions about Mokena, IL rents
How much will Section 8 pay for a two-bedroom in Mokena, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,950, that basic range is $1,755 to $2,145 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 Mokena, IL in?
Mokena, 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 Mokena, IL for FY 2027?
The two-bedroom FMR rose 5.4%, from $1,850 in FY 2026 to $1,950 in FY 2027. Since FY 2023 it has risen 38.3%.
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