FMR is near market; voucher and private rents are aligned.
1.01
1 BR
1 BR- 62294
0.98ratio
FMR$1,100
Market$1,120
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.98
2 BR
2 BR- 62294
0.91ratio
FMR$1,350
Market$1,490
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR- 62294
0.98ratio
FMR$1,730
Market$1,770
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 62294
1.03ratio
FMR$2,000
Market$1,950
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.03
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
--
Troy, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Troy, IL is $1,350 a month. That is up 14.4% from $1,180 in FY 2026. Troy is in the St. Louis, MO-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 Troy is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Troy, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$930
$1,060
+14.0%
$954–$1,166
1BR
$960
$1,100
+14.6%
$990–$1,210
2BR
$1,180
$1,350
+14.4%
$1,215–$1,485
3BR
$1,520
$1,730
+13.8%
$1,557–$1,903
4BR
$1,760
$2,000
+13.6%
$1,800–$2,200
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Troy, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,060
$1,100
$1,350
$1,730
$2,000
FY 2026
$930
$960
$1,180
$1,520
$1,760
FY 2025
$910
$940
$1,160
$1,500
$1,720
FY 2024
$870
$910
$1,130
$1,460
$1,700
FY 2023
$700
$750
$940
$1,220
$1,420
Questions about Troy, IL rents
How much will Section 8 pay for a two-bedroom in Troy, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,350, that basic range is $1,215 to $1,485 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 Troy, IL in?
Troy, IL is in the St. Louis, MO-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 Troy, IL for FY 2027?
The two-bedroom FMR rose 14.4%, from $1,180 in FY 2026 to $1,350 in FY 2027. Since FY 2023 it has risen 43.6%.
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