60406
ZIPSAFMR
Cook County, IL
BRFMR
Eff. Rent
0 BR$1,120$1,120
1 BR$1,200$1,200
2 BR$1,350$1,350
3 BR$1,740$1,740
4 BR$2,010$2,010
5 BR$2,312
6 BR$2,658
7 BR$3,057
8 BR$3,516

Market Alignment

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

Studio
Studio
0.95ratio
FMR$1,120
Market$1,180
vs market-$60

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.95
1 BR
1 BR
0.88ratio
FMR$1,200
Market$1,370
vs market-$170

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

0.88
2 BR
2 BR
0.77ratio
FMR$1,350
Market$1,760
vs market-$410

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

0.77
3 BR
3 BR
0.73ratio
FMR$1,740
Market$2,390
vs market-$650

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

0.73
4 BR
4 BR
0.78ratio
FMR$2,010
Market$2,580
vs market-$570

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

0.78
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit 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
$138,693
Rent
$1,350
Down payment
$27,739
Loan
$110,954
Mortgage
$701
Expenses
$449
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 60406 (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 SAFMR 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.