Illinois · FIPS 17095 · HUD FY 2027
Knox County, Illinois Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Knox County is $930 a month (rent plus utilities), 46% below the Illinois average of $1,724 and 47% below the U.S. average of $1,761. That is up $14 (1.5%) from FY 2026. At 30% of income, a household needs about $37,200 a year to afford it.
- $9302-bedroom FMR+$14 (+1.5%) vs FY 2026
- $7111-bedroom FMRIllinois: $1,489 · U.S.: $1,478
- $37,200Income for a 2-bedroom$18/hour full-time
- 62 of 1022BR rank in Illinois1 = highest rent
| Unit | Knox County FY 2027 | FY 2026 | Change | Illinois avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $703 | $694 | +$9 (+1.3%) | $1,401 | $1,379 | $28,120 |
| 1 bedroom | $711 | $698 | +$13 (+1.9%) | $1,489 | $1,478 | $28,440 |
| 2 bedrooms | $930 | $916 | +$14 (+1.5%) | $1,724 | $1,761 | $37,200 |
| 3 bedrooms | $1,204 | $1,199 | +$5 (+0.4%) | $2,220 | $2,266 | $48,160 |
| 4 bedrooms | $1,241 | $1,213 | +$28 (+2.3%) | $2,524 | $2,607 | $49,640 |
How Knox County compares
- Knox 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: $703, $711, $930, $1,204, $1,241. 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 17 ZIP codes mostly in Knox County (by land area), the 2-bedroom figure ranges from $930 to $1,080.
Small Area FMRs by ZIP code in Knox County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 61401 | $740 | $840 | $1,030 | $1,350 | $1,640 | +$100 (+10.8%) | 11% above |
| 61402 | $700 | $710 | $930 | $1,200 | $1,250 | +$10 (+1.1%) | same |
| 61410 | $700 | $710 | $930 | $1,200 | $1,390 | +$10 (+1.1%) | same |
| 61414 | $790 | $840 | $1,040 | $1,350 | $1,640 | +$60 (+6.1%) | 12% above |
| 61428 | $710 | $720 | $940 | $1,210 | $1,250 | +$20 (+2.2%) | 1% above |
| 61430 | $780 | $790 | $1,030 | $1,330 | $1,370 | +$90 (+9.6%) | 11% above |
| 61436 | $820 | $820 | $1,080 | $1,420 | $1,440 | −$120 (−10.0%) | 16% above |
| 61439 | $720 | $720 | $950 | $1,240 | $1,260 | −$100 (−9.5%) | 2% above |
| 61448 | $700 | $710 | $930 | $1,200 | $1,240 | +$10 (+1.1%) | same |
| 61458 | $730 | $780 | $1,010 | $1,350 | $1,380 | +$50 (+5.2%) | 9% above |
| 61467 | $770 | $780 | $1,020 | $1,320 | $1,360 | −$20 (−1.9%) | 10% above |
| 61472 | $740 | $840 | $1,030 | $1,350 | $1,640 | +$100 (+10.8%) | 11% above |
| 61474 | $680 | $740 | $950 | $1,250 | $1,390 | +$10 (+1.1%) | 2% above |
| 61485 | $720 | $730 | $950 | $1,230 | $1,270 | +$20 (+2.2%) | 2% above |
| 61488 | $700 | $710 | $930 | $1,200 | $1,240 | +$10 (+1.1%) | same |
| 61489 | $700 | $740 | $940 | $1,220 | $1,310 | +$20 (+2.2%) | 1% above |
| 61572 | $810 | $820 | $1,070 | $1,380 | $1,430 | +$30 (+2.9%) | 15% 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.