FMR is near market; voucher and private rents are aligned.
0.96
1 BR
1 BR- 60008
1.06ratio
FMR$1,910
Market$1,810
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.06
2 BR
2 BR- 60008
0.94ratio
FMR$2,160
Market$2,310
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 60008
0.96ratio
FMR$2,780
Market$2,890
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 60008
0.89ratio
FMR$3,170
Market$3,570
vs market-$400
FMR is below market; voucher rent may lag private rents.
0.89
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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Rolling Meadows, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Rolling Meadows, IL is $2,160 a month. That is up 11.3% from $1,940 in FY 2026. Rolling Meadows 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 Rolling Meadows is 126% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Rolling Meadows, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,610
$1,800
+11.8%
$1,620–$1,980
1BR
$1,720
$1,910
+11.0%
$1,719–$2,101
2BR
$1,940
$2,160
+11.3%
$1,944–$2,376
3BR
$2,500
$2,780
+11.2%
$2,502–$3,058
4BR
$2,890
$3,170
+9.7%
$2,853–$3,487
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Rolling Meadows, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,800
$1,910
$2,160
$2,780
$3,170
FY 2026
$1,610
$1,720
$1,940
$2,500
$2,890
FY 2025
$1,620
$1,730
$1,950
$2,500
$2,940
FY 2024
$1,590
$1,710
$1,950
$2,480
$2,940
FY 2023
$1,320
$1,430
$1,640
$2,080
$2,470
Questions about Rolling Meadows, IL rents
How much will Section 8 pay for a two-bedroom in Rolling Meadows, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,160, that basic range is $1,944 to $2,376 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 Rolling Meadows, IL in?
Rolling Meadows, 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 Rolling Meadows, IL for FY 2027?
The two-bedroom FMR rose 11.3%, from $1,940 in FY 2026 to $2,160 in FY 2027. Since FY 2023 it has risen 31.7%.
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