FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR- 62095
1.11ratio
FMR$1,140
Market$1,030
vs market+$110
FMR is above market; underwrite to market rent.
1.11
3 BR
3 BR- 62095
1.06ratio
FMR$1,460
Market$1,380
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR- 62095
1.11ratio
FMR$1,690
Market$1,520
vs market+$170
FMR is above market; underwrite to market rent.
1.11
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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Wood River, IL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wood River, IL is $1,140 a month. That is up 9.6% from $1,040 in FY 2026. Wood River is in the St. Louis, MO-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 Wood River is 19% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Wood River, IL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$820
$900
+9.8%
$810–$990
1BR
$850
$930
+9.4%
$837–$1,023
2BR
$1,040
$1,140
+9.6%
$1,026–$1,254
3BR
$1,340
$1,460
+9.0%
$1,314–$1,606
4BR
$1,550
$1,690
+9.0%
$1,521–$1,859
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Wood River, IL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$900
$930
$1,140
$1,460
$1,690
FY 2026
$820
$850
$1,040
$1,340
$1,550
FY 2025
$840
$880
$1,090
$1,410
$1,640
FY 2024
$810
$840
$1,050
$1,360
$1,580
FY 2023
$660
$700
$880
$1,140
$1,330
Questions about Wood River, IL rents
How much will Section 8 pay for a two-bedroom in Wood River, IL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,140, that basic range is $1,026 to $1,254 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 Wood River, IL in?
Wood River, IL is in the St. Louis, MO-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 Wood River, IL for FY 2027?
The two-bedroom FMR rose 9.6%, from $1,040 in FY 2026 to $1,140 in FY 2027. Since FY 2023 it has risen 29.5%.
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