Market Alignment
How HUD fair market rents align with the state of the rental market.
FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.
FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.
FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.
FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.
FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.
Voucher rents are below market for smaller unit sizes.
Bedroom curve
Data indexed
- FMR
- FY2026
- Market rent
- last ~365 days
Purchase Price Calculator
About this result(HUD FMR/SAFMR details)
This page shows HUD Fair Market Rent data for 62294 (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.
62294 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 62294 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,180 and the 4 bedroom fair market rent is $1,760.
Use this page for searches like 62294 FMR, 62294 fair market rent, and 62294 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.
| Bedroom size | HUD FMR |
|---|---|
| Studio | $930 |
| 1 bedroom | $960 |
| 2 bedroom | $1,180 |
| 3 bedroom | $1,520 |
| 4 bedroom | $1,760 |