FMR is near market; voucher and private rents are aligned.
0.93
1 BR
1 BR- 60091
0.93ratio
FMR$2,670
Market$2,880
vs market-$210
FMR is near market; voucher and private rents are aligned.
0.93
2 BR
2 BR- 60091
0.87ratio
FMR$3,020
Market$3,460
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR- 60091
1.04ratio
FMR$3,880
Market$3,730
vs market+$150
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR- 60091
0.77ratio
FMR$4,440
Market$5,760
vs market-$1,320
FMR is below market; voucher rent may lag private rents.
0.77
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
--
Wilmette, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wilmette, IL is $3,020 a month. That is up 15.3% from $2,620 in FY 2026. Wilmette 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 Wilmette is 215% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Wilmette, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,180
$2,520
+15.6%
$2,268–$2,772
1BR
$2,330
$2,670
+14.6%
$2,403–$2,937
2BR
$2,620
$3,020
+15.3%
$2,718–$3,322
3BR
$3,370
$3,880
+15.1%
$3,492–$4,268
4BR
$3,900
$4,440
+13.8%
$3,996–$4,884
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Wilmette, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,520
$2,670
$3,020
$3,880
$4,440
FY 2026
$2,180
$2,330
$2,620
$3,370
$3,900
FY 2025
$2,100
$2,240
$2,530
$3,250
$3,820
FY 2024
$1,920
$2,070
$2,350
$2,990
$3,540
FY 2023
$1,640
$1,780
$2,040
$2,590
$3,080
Questions about Wilmette, IL rents
How much will Section 8 pay for a two-bedroom in Wilmette, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,020, that basic range is $2,718 to $3,322 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 Wilmette, IL in?
Wilmette, 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 Wilmette, IL for FY 2027?
The two-bedroom FMR rose 15.3%, from $2,620 in FY 2026 to $3,020 in FY 2027. Since FY 2023 it has risen 48.0%.
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