FMR is near market; voucher and private rents are aligned.
0.99
1 BR
1 BR- 60446
1.19ratio
FMR$2,270
Market$1,910
vs market+$360
FMR is above market; underwrite to market rent.
1.19
2 BR
2 BR- 60446
1.17ratio
FMR$2,570
Market$2,190
vs market+$380
FMR is above market; underwrite to market rent.
1.17
3 BR
3 BR- 60446
1.24ratio
FMR$3,300
Market$2,660
vs market+$640
FMR is above market; underwrite to market rent.
1.24
4 BR
4 BR- 60446
1.39ratio
FMR$3,770
Market$2,710
vs market+$1,060
FMR is above market; underwrite to market rent.
1.39
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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Romeoville, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Romeoville, IL is $2,570 a month. That is up 11.3% from $2,310 in FY 2026. Romeoville 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 Romeoville is 168% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Romeoville, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,920
$2,140
+11.5%
$1,926–$2,354
1BR
$2,050
$2,270
+10.7%
$2,043–$2,497
2BR
$2,310
$2,570
+11.3%
$2,313–$2,827
3BR
$2,970
$3,300
+11.1%
$2,970–$3,630
4BR
$3,440
$3,770
+9.6%
$3,393–$4,147
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Romeoville, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,140
$2,270
$2,570
$3,300
$3,770
FY 2026
$1,920
$2,050
$2,310
$2,970
$3,440
FY 2025
$1,910
$2,050
$2,310
$2,970
$3,490
FY 2024
$1,870
$2,010
$2,290
$2,920
$3,450
FY 2023
$1,560
$1,690
$1,940
$2,460
$2,930
Questions about Romeoville, IL rents
How much will Section 8 pay for a two-bedroom in Romeoville, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,570, that basic range is $2,313 to $2,827 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 Romeoville, IL in?
Romeoville, 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 Romeoville, IL for FY 2027?
The two-bedroom FMR rose 11.3%, from $2,310 in FY 2026 to $2,570 in FY 2027. Since FY 2023 it has risen 32.5%.
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