FMR is near market; voucher and private rents are aligned.
1.04
2 BR
2 BR- 60165
0.97ratio
FMR$1,800
Market$1,860
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR- 60165
0.94ratio
FMR$2,310
Market$2,470
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.94
4 BR
4 BR- 60165
0.92ratio
FMR$2,640
Market$2,880
vs market-$240
FMR is near market; voucher and private rents are aligned.
0.92
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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Stone Park, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Stone Park, IL is $1,800 a month. That is up 18.4% from $1,520 in FY 2026. Stone Park 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 Stone Park is 88% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Stone Park, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,260
$1,500
+19.0%
$1,350–$1,650
1BR
$1,350
$1,590
+17.8%
$1,431–$1,749
2BR
$1,520
$1,800
+18.4%
$1,620–$1,980
3BR
$1,960
$2,310
+17.9%
$2,079–$2,541
4BR
$2,260
$2,640
+16.8%
$2,376–$2,904
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Stone Park, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,500
$1,590
$1,800
$2,310
$2,640
FY 2026
$1,260
$1,350
$1,520
$1,960
$2,260
FY 2025
$1,220
$1,300
$1,470
$1,890
$2,220
FY 2024
$1,220
$1,320
$1,500
$1,910
$2,260
FY 2023
$1,050
$1,140
$1,310
$1,660
$1,980
Questions about Stone Park, IL rents
How much will Section 8 pay for a two-bedroom in Stone Park, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,800, that basic range is $1,620 to $1,980 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 Stone Park, IL in?
Stone Park, 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 Stone Park, IL for FY 2027?
The two-bedroom FMR rose 18.4%, from $1,520 in FY 2026 to $1,800 in FY 2027. Since FY 2023 it has risen 37.4%.
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