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Peoria County, IL

CountySAFMR
Found 49 ZIPs
Zillow

County Median Investment Score

95Above average

095130300
BRFMR
Eff. Rent
0 BR$690 – $1,220$690 – $1,340
1 BR$740 – $1,280$730 – $1,350
2 BR$940 – $1,620$790 – $1,500
3 BR$1,220 – $2,080$800 – $1,960
4 BR$1,310 – $2,290$860 – $2,430
5 BR$2,024Not available
6 BR$2,328Not available
7 BR$2,677Not available
8 BR$3,078Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
10
0.82-1.34
1 BR
10
0.91-1.35
2 BR
10
0.99-1.45
3 BR
8
0.84-1.75
4 BR
7
0.73-1.81
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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Peoria County, IL fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 49 ZIP codes in Peoria County, IL ranges from $940 to $1,620 a month, with a median of $1,250. That is up 20.2% from $1,040 in FY 2026. Peoria County is in the Peoria, IL MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,212. The median county two-bedroom FMR in Illinois is $958, so Peoria County is 31% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Peoria County, IL
BedroomsFY 2027Change90–110% range
Studio$940+23.7%$846–$1,034
1BR$990+20.7%$891–$1,089
2BR$1,250+20.2%$1,125–$1,375
3BR$1,610+18.4%$1,449–$1,771
4BR$1,760+21.4%$1,584–$1,936

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Peoria County, IL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$940$990$1,250$1,610$1,760
FY 2026$760$820$1,040$1,360$1,450
FY 2025$730$800$1,020$1,325$1,395
FY 2024$700$775$985$1,285$1,330
FY 2023$660$730$930$1,205$1,260

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
61525$1,620+29.6%
61615$1,390+11.2%
61528$1,350+8.0%
61602$1,350+8.0%
61607$1,330+6.4%
61603$1,300+4.0%
61526$1,290+3.2%
61552$1,290+3.2%
61559$1,280+2.4%
61547$1,2500.0%
61601$1,2500.0%
61612$1,2500.0%
61613$1,2500.0%
61630$1,2500.0%
61636$1,2500.0%
61651$1,2500.0%
61652$1,2500.0%
61653$1,2500.0%
61654$1,2500.0%
61655$1,2500.0%
61656$1,2500.0%
61536$1,240−0.8%
61604$1,220−2.4%
61523$1,210−3.2%

Showing the 24 highest of 41 ZIP codes.

Questions about Peoria County, IL rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,212, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,091 to $1,333 a month; under the ZIP-level Small Area FMR of $1,250 it would be $1,125 to $1,375. 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 Peoria County, IL in?

Peoria County, IL is in the Peoria, IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,212.

How much did fair market rent change in Peoria County, IL for FY 2027?

The two-bedroom FMR rose 20.2%, from $1,040 in FY 2026 to $1,250 in FY 2027. Since FY 2023 it has risen 34.4%.

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