Illinois · FIPS 17063 · HUD FY 2027
Grundy County, Illinois Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Grundy County is $1,613 a month (rent plus utilities), 6% below the Illinois average of $1,724 and 8% below the U.S. average of $1,761. That is up $154 (10.6%) from FY 2026. At 30% of income, a household needs about $64,520 a year to afford it.
- $1,6132-bedroom FMR+$154 (+10.6%) vs FY 2026
- $1,2331-bedroom FMRIllinois: $1,489 · U.S.: $1,478
- $64,520Income for a 2-bedroom$31/hour full-time
- 8 of 1022BR rank in Illinois1 = highest rent
| Unit | Grundy County FY 2027 | FY 2026 | Change | Illinois avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,189 | $1,032 | +$157 (+15.2%) | $1,401 | $1,379 | $47,560 |
| 1 bedroom | $1,233 | $1,118 | +$115 (+10.3%) | $1,489 | $1,478 | $49,320 |
| 2 bedrooms | $1,613 | $1,459 | +$154 (+10.6%) | $1,724 | $1,761 | $64,520 |
| 3 bedrooms | $2,219 | $1,979 | +$240 (+12.1%) | $2,220 | $2,266 | $88,760 |
| 4 bedrooms | $2,567 | $2,203 | +$364 (+16.5%) | $2,524 | $2,607 | $102,680 |
How Grundy County compares
- HUD sets this rent for the Grundy County, IL metro FMR area, which covers 53,219 residents in 1 county.
- Across Illinois, 2-bedroom FMRs run from $930 (White County) to $2,341 (Kendall County).
- Studio to 4-bedroom: $1,189, $1,233, $1,613, $2,219, $2,567. 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 8 ZIP codes mostly in Grundy County (by land area), the 2-bedroom figure ranges from $1,320 to $1,890.
Small Area FMRs by ZIP code in Grundy County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 60407 | $1,480 | $1,550 | $1,890 | $2,520 | $2,900 | +$300 (+18.9%) | 17% above |
| 60416 | $1,140 | $1,180 | $1,540 | $2,120 | $2,450 | +$140 (+10.0%) | 5% below |
| 60424 | $1,050 | $1,090 | $1,420 | $1,950 | $2,260 | +$60 (+4.4%) | 12% below |
| 60437 | $930 | $1,010 | $1,320 | $1,790 | $1,990 | −$40 (−2.9%) | 18% below |
| 60444 | $970 | $1,010 | $1,320 | $1,820 | $2,100 | −$40 (−2.9%) | 18% below |
| 60450 | $1,280 | $1,410 | $1,850 | $2,540 | $2,630 | +$150 (+8.8%) | 15% above |
| 60474 | $1,380 | $1,430 | $1,870 | $2,570 | $2,980 | +$270 (+16.9%) | 16% above |
| 60479 | $1,170 | $1,220 | $1,590 | $2,190 | $2,530 | +$80 (+5.3%) | 1% below |
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.