60038
ZIPFMR
Cook County, IL
BRFMR
Eff. Rent
0 BR$1,480$1,480
1 BR$1,581$1,581
2 BR$1,781$1,781
3 BR$2,294$2,294
4 BR$2,653$2,653
5 BR$3,051
6 BR$3,509
7 BR$4,035
8 BR$4,640

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
0.70ratio
FMR$1,480
Market$2,110
vs market-$630

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.70
1 BR
1 BR
0.77ratio
FMR$1,581
Market$2,060
vs market-$479

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.77
2 BR
2 BR
0.78ratio
FMR$1,781
Market$2,290
vs market-$509

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.78
3 BR
3 BR
0.80ratio
FMR$2,294
Market$2,850
vs market-$556

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.80
4 BR
4 BR
0.75ratio
FMR$2,653
Market$3,540
vs market-$887

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.75
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$202,739
Rent
$1,781
Down payment
$40,548
Loan
$162,192
Mortgage
$1,025
Expenses
$556
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 60038 (IL) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.