For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 61636 (Peoria, IL) is $1,250 a month. Peoria 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. Among 41 ZIP codes in Peoria County, 61636 is tied for the 10th-highest two-bedroom rent (county range $940–$1,620). The median county two-bedroom FMR in Illinois is $958, so ZIP 61636 is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 61636
Bedrooms
FY 2027
90–110% range
Studio
$940
$846–$1,034
1BR
$990
$891–$1,089
2BR
$1,250
$1,125–$1,375
3BR
$1,610
$1,449–$1,771
4BR
$1,760
$1,584–$1,936
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 61636
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$940
$990
$1,250
$1,610
$1,760
FY 2026area FMR
$758
$818
$1,039
$1,346
$1,449
FY 2025area FMR
$718
$790
$1,003
$1,300
$1,364
FY 2024area FMR
$683
$756
$965
$1,258
$1,293
FY 2023area FMR
$639
$707
$896
$1,164
$1,211
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Peoria County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 61636?
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 ZIP 61636 in?
ZIP 61636 is in the Peoria, IL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,212.
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