FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR- 60181
0.93ratio
FMR$2,260
Market$2,430
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR- 60181
1.00ratio
FMR$2,910
Market$2,900
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR- 60181
1.06ratio
FMR$3,320
Market$3,140
vs market+$180
FMR is near market; voucher and private rents are aligned.
1.06
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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Villa Park, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Villa Park, IL is $2,260 a month. That is up 12.4% from $2,010 in FY 2026. Villa 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 Villa Park is 136% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Villa Park, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,670
$1,890
+13.2%
$1,701–$2,079
1BR
$1,780
$2,000
+12.4%
$1,800–$2,200
2BR
$2,010
$2,260
+12.4%
$2,034–$2,486
3BR
$2,590
$2,910
+12.4%
$2,619–$3,201
4BR
$2,990
$3,320
+11.0%
$2,988–$3,652
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Villa Park, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,890
$2,000
$2,260
$2,910
$3,320
FY 2026
$1,670
$1,780
$2,010
$2,590
$2,990
FY 2025
$1,630
$1,740
$1,970
$2,530
$2,970
FY 2024
$1,530
$1,650
$1,880
$2,390
$2,830
FY 2023
$1,240
$1,340
$1,540
$1,950
$2,320
Questions about Villa Park, IL rents
How much will Section 8 pay for a two-bedroom in Villa Park, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,260, that basic range is $2,034 to $2,486 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 Villa Park, IL in?
Villa 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 Villa Park, IL for FY 2027?
The two-bedroom FMR rose 12.4%, from $2,010 in FY 2026 to $2,260 in FY 2027. Since FY 2023 it has risen 46.8%.
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