FMR is near market; voucher and private rents are aligned.
1.08
1 BR
1 BR- 60107
1.23ratio
FMR$2,260
Market$1,830
vs market+$430
FMR is above market; underwrite to market rent.
1.23
2 BR
2 BR- 60107
1.24ratio
FMR$2,550
Market$2,060
vs market+$490
FMR is above market; underwrite to market rent.
1.24
3 BR
3 BR- 60107
1.25ratio
FMR$3,280
Market$2,630
vs market+$650
FMR is above market; underwrite to market rent.
1.25
4 BR
4 BR- 60107
1.29ratio
FMR$3,750
Market$2,910
vs market+$840
FMR is above market; underwrite to market rent.
1.29
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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Streamwood, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Streamwood, IL is $2,550 a month. That is up 9.0% from $2,340 in FY 2026. Streamwood 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 Streamwood is 166% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Streamwood, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,940
$2,130
+9.8%
$1,917–$2,343
1BR
$2,080
$2,260
+8.7%
$2,034–$2,486
2BR
$2,340
$2,550
+9.0%
$2,295–$2,805
3BR
$3,010
$3,280
+9.0%
$2,952–$3,608
4BR
$3,490
$3,750
+7.4%
$3,375–$4,125
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Streamwood, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,130
$2,260
$2,550
$3,280
$3,750
FY 2026
$1,940
$2,080
$2,340
$3,010
$3,490
FY 2025
$1,970
$2,110
$2,380
$3,060
$3,590
FY 2024
$1,980
$2,140
$2,430
$3,090
$3,660
FY 2023
$1,680
$1,820
$2,090
$2,650
$3,150
Questions about Streamwood, IL rents
How much will Section 8 pay for a two-bedroom in Streamwood, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,550, that basic range is $2,295 to $2,805 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 Streamwood, IL in?
Streamwood, 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 Streamwood, IL for FY 2027?
The two-bedroom FMR rose 9.0%, from $2,340 in FY 2026 to $2,550 in FY 2027. Since FY 2023 it has risen 22.0%.
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