FMR is near market; voucher and private rents are aligned.
1.05
2 BR
2 BR- 60064
1.06ratio
FMR$1,600
Market$1,510
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR- 60064
1.00ratio
FMR$2,060
Market$2,060
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR- 60064
1.06ratio
FMR$2,350
Market$2,220
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.06
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 Chicago, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in North Chicago, IL is $1,600 a month. That is up 11.9% from $1,430 in FY 2026. North Chicago 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 Chicago is 67% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for North Chicago, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,190
$1,340
+12.6%
$1,206–$1,474
1BR
$1,270
$1,420
+11.8%
$1,278–$1,562
2BR
$1,430
$1,600
+11.9%
$1,440–$1,760
3BR
$1,840
$2,060
+12.0%
$1,854–$2,266
4BR
$2,130
$2,350
+10.3%
$2,115–$2,585
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for North Chicago, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,340
$1,420
$1,600
$2,060
$2,350
FY 2026
$1,190
$1,270
$1,430
$1,840
$2,130
FY 2025
$1,190
$1,280
$1,440
$1,850
$2,170
FY 2024
$1,170
$1,260
$1,430
$1,820
$2,150
FY 2023
$970
$1,050
$1,210
$1,540
$1,830
Questions about North Chicago, IL rents
How much will Section 8 pay for a two-bedroom in North Chicago, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,600, that basic range is $1,440 to $1,760 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 Chicago, IL in?
North Chicago, 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 Chicago, IL for FY 2027?
The two-bedroom FMR rose 11.9%, from $1,430 in FY 2026 to $1,600 in FY 2027. Since FY 2023 it has risen 32.2%.
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