FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR- 60171
0.90ratio
FMR$1,730
Market$1,920
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.90
3 BR
3 BR- 60171
0.93ratio
FMR$2,220
Market$2,380
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.93
4 BR
4 BR- 60171
0.63ratio
FMR$2,540
Market$4,040
vs market-$1,500
FMR is below market; voucher rent may lag private rents.
0.63
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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River Grove, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in River Grove, IL is $1,730 a month. That is up 8.8% from $1,590 in FY 2026. River Grove 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 Grove is 81% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for River Grove, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,320
$1,440
+9.1%
$1,296–$1,584
1BR
$1,410
$1,530
+8.5%
$1,377–$1,683
2BR
$1,590
$1,730
+8.8%
$1,557–$1,903
3BR
$2,050
$2,220
+8.3%
$1,998–$2,442
4BR
$2,370
$2,540
+7.2%
$2,286–$2,794
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for River Grove, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,440
$1,530
$1,730
$2,220
$2,540
FY 2026
$1,320
$1,410
$1,590
$2,050
$2,370
FY 2025
$1,280
$1,370
$1,550
$1,990
$2,340
FY 2024
$1,190
$1,280
$1,460
$1,860
$2,200
FY 2023
$950
$1,030
$1,180
$1,500
$1,780
Questions about River Grove, IL rents
How much will Section 8 pay for a two-bedroom in River Grove, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,730, that basic range is $1,557 to $1,903 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 Grove, IL in?
River Grove, 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 Grove, IL for FY 2027?
The two-bedroom FMR rose 8.8%, from $1,590 in FY 2026 to $1,730 in FY 2027. Since FY 2023 it has risen 46.6%.
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