FMR is below market; voucher rent may lag private rents.
0.84
3 BR
3 BR- 60305
0.88ratio
FMR$2,580
Market$2,920
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR- 60305
0.95ratio
FMR$2,950
Market$3,100
vs market-$150
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
--
River Forest, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in River Forest, IL is $2,010 a month. That is up 11.7% from $1,800 in FY 2026. River Forest 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 River Forest is 110% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for River Forest, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,500
$1,680
+12.0%
$1,512–$1,848
1BR
$1,600
$1,780
+11.3%
$1,602–$1,958
2BR
$1,800
$2,010
+11.7%
$1,809–$2,211
3BR
$2,320
$2,580
+11.2%
$2,322–$2,838
4BR
$2,680
$2,950
+10.1%
$2,655–$3,245
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for River Forest, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,680
$1,780
$2,010
$2,580
$2,950
FY 2026
$1,500
$1,600
$1,800
$2,320
$2,680
FY 2025
$1,520
$1,630
$1,840
$2,360
$2,780
FY 2024
$1,450
$1,560
$1,780
$2,270
$2,680
FY 2023
$1,180
$1,280
$1,470
$1,870
$2,220
Questions about River Forest, IL rents
How much will Section 8 pay for a two-bedroom in River Forest, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,010, that basic range is $1,809 to $2,211 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 River Forest, IL in?
River Forest, 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 River Forest, IL for FY 2027?
The two-bedroom FMR rose 11.7%, from $1,800 in FY 2026 to $2,010 in FY 2027. Since FY 2023 it has risen 36.7%.
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