60616
ZIPSAFMR
Cook County, IL
BRFMR
Eff. Rent
0 BR$1,640$1,340
1 BR$1,750$1,750
2 BR$1,970$1,970
3 BR$2,540$2,540
4 BR$2,930$2,930
5 BR$3,369
6 BR$3,875
7 BR$4,456
8 BR$5,125

Market Alignment

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

Studio
Studio
1.22ratio
FMR$1,640
Market$1,340
vs market+$300

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.22
1 BR
1 BR
0.82ratio
FMR$1,750
Market$2,130
vs market-$380

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

0.82
2 BR
2 BR
0.77ratio
FMR$1,970
Market$2,560
vs market-$590

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

0.77
3 BR
3 BR
0.90ratio
FMR$2,540
Market$2,830
vs market-$290

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

0.90
4 BR
4 BR
0.86ratio
FMR$2,930
Market$3,400
vs market-$470

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

0.86
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$230,825
Rent
$1,970
Down payment
$46,165
Loan
$184,660
Mortgage
$1,167
Expenses
$603
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 60616 (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.