FMR is below market; voucher rent may lag private rents.
0.73
1 BR
1 BR- 60180
0.77ratio
FMR$1,580
Market$2,040
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.77
2 BR
2 BR- 60180
0.86ratio
FMR$1,780
Market$2,060
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR- 60180
1.03ratio
FMR$2,290
Market$2,230
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.03
4 BR
4 BR- 60180
1.10ratio
FMR$2,610
Market$2,370
vs market+$240
FMR is above market; underwrite to market rent.
1.10
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
--
Union, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Union, IL is $1,780 a month. That is up 11.3% from $1,600 in FY 2026. Union 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 Union is 86% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Union, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,330
$1,480
+11.3%
$1,332–$1,628
1BR
$1,420
$1,580
+11.3%
$1,422–$1,738
2BR
$1,600
$1,780
+11.3%
$1,602–$1,958
3BR
$2,060
$2,290
+11.2%
$2,061–$2,519
4BR
$2,390
$2,610
+9.2%
$2,349–$2,871
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Union, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,480
$1,580
$1,780
$2,290
$2,610
FY 2026
$1,330
$1,420
$1,600
$2,060
$2,390
FY 2025
$1,370
$1,460
$1,650
$2,120
$2,490
FY 2024
$1,380
$1,490
$1,690
$2,150
$2,550
FY 2023
$1,440
$1,570
$1,810
$2,300
$2,730
Questions about Union, IL rents
How much will Section 8 pay for a two-bedroom in Union, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,780, that basic range is $1,602 to $1,958 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 Union, IL in?
Union, 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 Union, IL for FY 2027?
The two-bedroom FMR rose 11.3%, from $1,600 in FY 2026 to $1,780 in FY 2027. Since FY 2023 it has fallen 1.7%.
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