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Home/IL/Madison County

Madison County, IL

CountySAFMR
Found 37 ZIPs
Zillow

County Median Investment Score

113Above average

095130300
BRFMR
Eff. Rent
0 BR$710 – $1,250$710 – $1,290
1 BR$780 – $1,300$780 – $1,300
2 BR$960 – $1,590$960 – $1,590
3 BR$1,220 – $2,040$1,220 – $2,040
4 BR$1,340 – $2,350$1,230 – $2,390
5 BR$1,989Not available
6 BR$2,288Not available
7 BR$2,631Not available
8 BR$3,026Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
3
3
3
3
0.67-1.24
1 BR
4
4
0.77-1.27
2 BR
4
0.78-1.32
3 BR
4
4
0.86-1.33
4 BR
3
3
3
3
0.79-1.38
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Madison County, IL fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 37 ZIP codes in Madison County, IL ranges from $960 to $1,590 a month, with a median of $1,170. That is up 8.3% from $1,080 in FY 2026. Madison County 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 Madison County is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Madison County, IL
BedroomsFY 2027Change90–110% range
Studio$910+8.3%$819–$1,001
1BR$960+9.1%$864–$1,056
2BR$1,170+8.3%$1,053–$1,287
3BR$1,490+7.2%$1,341–$1,639
4BR$1,730+7.5%$1,557–$1,903

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Madison County, IL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$910$960$1,170$1,490$1,730
FY 2026$840$880$1,080$1,390$1,610
FY 2025$840$880$1,090$1,410$1,640
FY 2024$810$850$1,060$1,370$1,590
FY 2023$660$700$880$1,140$1,330

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
62281$1,590+35.9%
62269$1,570+34.2%
62025$1,500+28.2%
62026$1,500+28.2%
62035$1,440+23.1%
62254$1,400+19.7%
62294$1,350+15.4%
62034$1,330+13.7%
62002$1,300+11.1%
62018$1,290+10.3%
62067$1,280+9.4%
62060$1,250+6.8%
62216$1,250+6.8%
62234$1,250+6.8%
62062$1,240+6.0%
62097$1,200+2.6%
62012$1,180+0.9%
62084$1,180+0.9%
62048$1,1700.0%
62046$1,160−0.9%
62061$1,160−0.9%
62021$1,140−2.6%
62040$1,140−2.6%
62090$1,140−2.6%

Showing the 24 highest of 37 ZIP codes.

Questions about Madison County, IL rents

How much will Section 8 pay for a two-bedroom in Madison County, IL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,170, that basic range is $1,053 to $1,287 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 Madison County, IL in?

Madison County, 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 Madison County, IL for FY 2027?

The two-bedroom FMR rose 8.3%, from $1,080 in FY 2026 to $1,170 in FY 2027. Since FY 2023 it has risen 33.0%.

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

IL statewide rentsWhat is SAFMR?Data sources