FMR is near market; voucher and private rents are aligned.
1.09
1 BR
1 BR- 60083
1.07ratio
FMR$2,120
Market$1,990
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.07
2 BR
2 BR- 60083
1.09ratio
FMR$2,400
Market$2,200
vs market+$200
FMR is near market; voucher and private rents are aligned.
1.09
3 BR
3 BR- 60083
1.16ratio
FMR$3,090
Market$2,670
vs market+$420
FMR is above market; underwrite to market rent.
1.16
4 BR
4 BR- 60083
1.16ratio
FMR$3,530
Market$3,050
vs market+$480
FMR is above market; underwrite to market rent.
1.16
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
--
Wadsworth, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wadsworth, IL is $2,400 a month. That is up 6.7% from $2,250 in FY 2026. Wadsworth 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 Wadsworth is 151% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Wadsworth, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,870
$2,000
+7.0%
$1,800–$2,200
1BR
$2,000
$2,120
+6.0%
$1,908–$2,332
2BR
$2,250
$2,400
+6.7%
$2,160–$2,640
3BR
$2,900
$3,090
+6.6%
$2,781–$3,399
4BR
$3,350
$3,530
+5.4%
$3,177–$3,883
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Wadsworth, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,000
$2,120
$2,400
$3,090
$3,530
FY 2026
$1,870
$2,000
$2,250
$2,900
$3,350
FY 2025
$1,920
$2,050
$2,320
$2,980
$3,500
FY 2024
$1,900
$2,050
$2,330
$2,970
$3,510
FY 2023
$1,650
$1,790
$2,050
$2,600
$3,090
Questions about Wadsworth, IL rents
How much will Section 8 pay for a two-bedroom in Wadsworth, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,400, that basic range is $2,160 to $2,640 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 Wadsworth, IL in?
Wadsworth, 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 Wadsworth, IL for FY 2027?
The two-bedroom FMR rose 6.7%, from $2,250 in FY 2026 to $2,400 in FY 2027. Since FY 2023 it has risen 17.1%.
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