Illinois · FIPS 17029 · HUD FY 2027
Coles County, Illinois Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Coles County is $950 a month (rent plus utilities), 45% below the Illinois average of $1,724 and 46% below the U.S. average of $1,761. That is down $15 (1.6%) from FY 2026. At 30% of income, a household needs about $38,000 a year to afford it.
- $9502-bedroom FMR−$15 (−1.6%) vs FY 2026
- $7421-bedroom FMRIllinois: $1,489 · U.S.: $1,478
- $38,000Income for a 2-bedroom$18/hour full-time
- 53 of 1022BR rank in Illinois1 = highest rent
| Unit | Coles County FY 2027 | FY 2026 | Change | Illinois avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $662 | $665 | −$3 (−0.5%) | $1,401 | $1,379 | $26,480 |
| 1 bedroom | $742 | $759 | −$17 (−2.2%) | $1,489 | $1,478 | $29,680 |
| 2 bedrooms | $950 | $965 | −$15 (−1.6%) | $1,724 | $1,761 | $38,000 |
| 3 bedrooms | $1,231 | $1,261 | −$30 (−2.4%) | $2,220 | $2,266 | $49,240 |
| 4 bedrooms | $1,342 | $1,348 | −$6 (−0.4%) | $2,524 | $2,607 | $53,680 |
How Coles County compares
- Coles County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Illinois, 2-bedroom FMRs run from $930 (White County) to $2,341 (Kendall County).
- Studio to 4-bedroom: $662, $742, $950, $1,231, $1,342. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 6 ZIP codes mostly in Coles County (by land area), the 2-bedroom figure ranges from $930 to $1,180.
Small Area FMRs by ZIP code in Coles County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 61912 | $650 | $730 | $930 | $1,210 | $1,310 | +$10 (+1.1%) | 2% below |
| 61920 | $680 | $760 | $970 | $1,260 | $1,390 | −$30 (−3.0%) | 2% above |
| 61931 | $690 | $770 | $990 | $1,280 | $1,400 | −$90 (−8.3%) | 4% above |
| 61938 | $650 | $730 | $930 | $1,210 | $1,390 | +$10 (+1.1%) | 2% below |
| 61943 | $650 | $760 | $930 | $1,210 | $1,350 | +$10 (+1.1%) | 2% below |
| 62440 | $810 | $930 | $1,180 | $1,520 | $1,720 | −$130 (−9.9%) | 24% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.