For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Palos Heights, IL is $2,620 a month. That is up 17.0% from $2,240 in FY 2026. Palos Heights 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 Palos Heights is 174% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Palos Heights, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,860
$2,190
+17.7%
$1,971–$2,409
1BR
$1,990
$2,320
+16.6%
$2,088–$2,552
2BR
$2,240
$2,620
+17.0%
$2,358–$2,882
3BR
$2,880
$3,370
+17.0%
$3,033–$3,707
4BR
$3,340
$3,850
+15.3%
$3,465–$4,235
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Palos Heights, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,190
$2,320
$2,620
$3,370
$3,850
FY 2026
$1,860
$1,990
$2,240
$2,880
$3,340
FY 2025
$1,690
$1,810
$2,040
$2,620
$3,080
FY 2024
$1,760
$1,900
$2,160
$2,750
$3,250
FY 2023
$1,510
$1,640
$1,880
$2,390
$2,840
Questions about Palos Heights, IL rents
How much will Section 8 pay for a two-bedroom in Palos Heights, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,620, that basic range is $2,358 to $2,882 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 Palos Heights, IL in?
Palos Heights, 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 Palos Heights, IL for FY 2027?
The two-bedroom FMR rose 17.0%, from $2,240 in FY 2026 to $2,620 in FY 2027. Since FY 2023 it has risen 39.4%.
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