FMR is below market; voucher rent may lag private rents.
0.60
1 BR
1 BR- 61350
0.61ratio
FMR$820
Market$1,350
vs market-$530
FMR is below market; voucher rent may lag private rents.
0.61
2 BR
2 BR- 61350
0.71ratio
FMR$1,070
Market$1,500
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.71
3 BR
3 BR- 61350
0.81ratio
FMR$1,390
Market$1,710
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR- 61350
0.95ratio
FMR$1,720
Market$1,810
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.95
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
--
Ottawa, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ottawa, IL is $1,070 a month. That is down 5.3% from $1,130 in FY 2026. Ottawa 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 Ottawa is 12% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Ottawa, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$810
$750
−7.4%
$675–$825
1BR
$860
$820
−4.7%
$738–$902
2BR
$1,130
$1,070
−5.3%
$963–$1,177
3BR
$1,510
$1,390
−7.9%
$1,251–$1,529
4BR
$1,780
$1,720
−3.4%
$1,548–$1,892
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Ottawa, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$750
$820
$1,070
$1,390
$1,720
FY 2026
$810
$860
$1,130
$1,510
$1,780
FY 2025
$790
$820
$1,080
$1,450
$1,640
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 Ottawa, IL rents
How much will Section 8 pay for a two-bedroom in Ottawa, 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 $1,070 it would be $963 to $1,177. 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 Ottawa, IL in?
Ottawa, 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 Ottawa, IL for FY 2027?
The two-bedroom FMR fell 5.3%, from $1,130 in FY 2026 to $1,070 in FY 2027. Since FY 2025 it has fallen 0.9%.
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