FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR- 61348
0.69ratio
FMR$750
Market$1,090
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.69
2 BR
2 BR- 61348
0.69ratio
FMR$980
Market$1,420
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.69
3 BR
3 BR- 61348
0.81ratio
FMR$1,300
Market$1,610
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR- 61348
0.91ratio
FMR$1,570
Market$1,730
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.91
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
--
Oglesby, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Oglesby, IL is $980 a month. That is up 2.1% from $960 in FY 2026. Oglesby is in the La Salle 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 $1,052. The median county two-bedroom FMR in Illinois is $958, so Oglesby is 2% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Oglesby, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$690
$700
+1.4%
$630–$770
1BR
$730
$750
+2.7%
$675–$825
2BR
$960
$980
+2.1%
$882–$1,078
3BR
$1,280
$1,300
+1.6%
$1,170–$1,430
4BR
$1,510
$1,570
+4.0%
$1,413–$1,727
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Oglesby, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$700
$750
$980
$1,300
$1,570
FY 2026
$690
$730
$960
$1,280
$1,510
FY 2025
$640
$660
$870
$1,170
$1,320
FY 2024area FMR
$694
$699
$918
$1,248
$1,357
FY 2023area FMR
$669
$673
$886
$1,200
$1,274
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Oglesby, IL rents
How much will Section 8 pay for a two-bedroom in Oglesby, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,052, which applies unless the housing authority uses Small Area FMRs, that basic range is $947 to $1,157 a month; under the ZIP-level Small Area FMR of $980 it would be $882 to $1,078. 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 Oglesby, IL in?
Oglesby, IL is in the La Salle County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,052.
How much did fair market rent change in Oglesby, IL for FY 2027?
The two-bedroom FMR rose 2.1%, from $960 in FY 2026 to $980 in FY 2027. Since FY 2025 it has risen 12.6%.
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