FMR is near market; voucher and private rents are aligned.
0.99
3 BR
3 BR- 60542
1.22ratio
FMR$2,960
Market$2,430
vs market+$530
FMR is above market; underwrite to market rent.
1.22
4 BR
4 BR- 60542
1.31ratio
FMR$3,380
Market$2,580
vs market+$800
FMR is above market; underwrite to market rent.
1.31
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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North Aurora, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in North Aurora, IL is $2,300 a month. That is up 13.9% from $2,020 in FY 2026. North Aurora 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 North Aurora is 140% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for North Aurora, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,680
$1,920
+14.3%
$1,728–$2,112
1BR
$1,790
$2,040
+14.0%
$1,836–$2,244
2BR
$2,020
$2,300
+13.9%
$2,070–$2,530
3BR
$2,600
$2,960
+13.8%
$2,664–$3,256
4BR
$3,010
$3,380
+12.3%
$3,042–$3,718
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for North Aurora, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,920
$2,040
$2,300
$2,960
$3,380
FY 2026
$1,680
$1,790
$2,020
$2,600
$3,010
FY 2025
$1,640
$1,750
$1,980
$2,540
$2,990
FY 2024
$1,510
$1,630
$1,850
$2,360
$2,790
FY 2023
$1,210
$1,310
$1,500
$1,900
$2,260
Questions about North Aurora, IL rents
How much will Section 8 pay for a two-bedroom in North Aurora, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,300, that basic range is $2,070 to $2,530 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 North Aurora, IL in?
North Aurora, 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 North Aurora, IL for FY 2027?
The two-bedroom FMR rose 13.9%, from $2,020 in FY 2026 to $2,300 in FY 2027. Since FY 2023 it has risen 53.3%.
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