FMR is near market; voucher and private rents are aligned.
1.09
1 BR
1 BR- 60558
1.26ratio
FMR$2,400
Market$1,910
vs market+$490
FMR is above market; underwrite to market rent.
1.26
2 BR
2 BR- 60558
1.17ratio
FMR$2,710
Market$2,320
vs market+$390
FMR is above market; underwrite to market rent.
1.17
3 BR
3 BR- 60558
0.94ratio
FMR$3,490
Market$3,720
vs market-$230
FMR is near market; voucher and private rents are aligned.
0.94
4 BR
4 BR- 60558
1.04ratio
FMR$3,980
Market$3,810
vs market+$170
FMR is near market; voucher and private rents are aligned.
1.04
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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Western Springs, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Western Springs, IL is $2,710 a month. That is up 2.7% from $2,640 in FY 2026. Western Springs 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 Western Springs is 183% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Western Springs, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,190
$2,260
+3.2%
$2,034–$2,486
1BR
$2,340
$2,400
+2.6%
$2,160–$2,640
2BR
$2,640
$2,710
+2.7%
$2,439–$2,981
3BR
$3,400
$3,490
+2.6%
$3,141–$3,839
4BR
$3,930
$3,980
+1.3%
$3,582–$4,378
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Western Springs, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,260
$2,400
$2,710
$3,490
$3,980
FY 2026
$2,190
$2,340
$2,640
$3,400
$3,930
FY 2025
$2,190
$2,340
$2,640
$3,390
$3,980
FY 2024
$2,100
$2,260
$2,570
$3,270
$3,870
FY 2023
$1,740
$1,880
$2,160
$2,740
$3,260
Questions about Western Springs, IL rents
How much will Section 8 pay for a two-bedroom in Western Springs, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,710, that basic range is $2,439 to $2,981 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 Western Springs, IL in?
Western Springs, 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 Western Springs, IL for FY 2027?
The two-bedroom FMR rose 2.7%, from $2,640 in FY 2026 to $2,710 in FY 2027. Since FY 2023 it has risen 25.5%.
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