Illinois · FIPS 17119 · HUD FY 2027
Madison County, Illinois Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Madison County is $1,349 a month (rent plus utilities), 22% below the Illinois average of $1,724 and 23% below the U.S. average of $1,761. That is up $131 (10.8%) from FY 2026. At 30% of income, a household needs about $53,960 a year to afford it.
- $1,3492-bedroom FMR+$131 (+10.8%) vs FY 2026
- $1,1041-bedroom FMRIllinois: $1,489 · U.S.: $1,478
- $53,960Income for a 2-bedroom$26/hour full-time
- 10 of 1022BR rank in Illinois1 = highest rent
| Unit | Madison County FY 2027 | FY 2026 | Change | Illinois avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,064 | $955 | +$109 (+11.4%) | $1,401 | $1,379 | $42,560 |
| 1 bedroom | $1,104 | $995 | +$109 (+11.0%) | $1,489 | $1,478 | $44,160 |
| 2 bedrooms | $1,349 | $1,218 | +$131 (+10.8%) | $1,724 | $1,761 | $53,960 |
| 3 bedrooms | $1,731 | $1,568 | +$163 (+10.4%) | $2,220 | $2,266 | $69,240 |
| 4 bedrooms | $1,997 | $1,812 | +$185 (+10.2%) | $2,524 | $2,607 | $79,880 |
How Madison County compares
- HUD sets this rent for the St. Louis, MO-IL metro FMR area, which covers 2,750,711 residents in 14 counties.
- Across Illinois, 2-bedroom FMRs run from $930 (White County) to $2,341 (Kendall County).
- Studio to 4-bedroom: $1,064, $1,104, $1,349, $1,731, $1,997. 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 28 ZIP codes mostly in Madison County (by land area), the 2-bedroom figure ranges from $960 to $1,590.
Small Area FMRs by ZIP code in Madison County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 62001 | $760 | $790 | $960 | $1,230 | $1,420 | −$30 (−3.0%) | 29% below |
| 62002 | $1,030 | $1,060 | $1,300 | $1,670 | $1,930 | +$140 (+12.1%) | 4% below |
| 62010 | $880 | $920 | $1,120 | $1,440 | $1,660 | +$100 (+9.8%) | 17% below |
| 62018 | $1,020 | $1,060 | $1,290 | $1,660 | $1,910 | +$130 (+11.2%) | 4% below |
| 62021 | $880 | $900 | $1,140 | $1,420 | $1,720 | +$90 (+8.6%) | 15% below |
| 62024 | $850 | $880 | $1,080 | $1,390 | $1,600 | +$90 (+9.1%) | 20% below |
| 62025 | $1,180 | $1,230 | $1,500 | $1,920 | $2,220 | +$160 (+11.9%) | 11% above |
| 62026 | $1,180 | $1,230 | $1,500 | $1,920 | $2,220 | +$160 (+11.9%) | 11% above |
| 62034 | $1,050 | $1,090 | $1,330 | $1,710 | $1,970 | +$90 (+7.3%) | 1% below |
| 62035 | $1,140 | $1,180 | $1,440 | $1,850 | $2,130 | +$160 (+12.5%) | 7% above |
| 62040 | $900 | $930 | $1,140 | $1,460 | $1,690 | +$100 (+9.6%) | 15% below |
| 62046 | $910 | $950 | $1,160 | $1,490 | $1,720 | +$70 (+6.4%) | 14% below |
| 62048 | $920 | $960 | $1,170 | $1,500 | $1,730 | +$100 (+9.3%) | 13% below |
| 62058 | $760 | $790 | $960 | $1,230 | $1,420 | −$30 (−3.0%) | 29% below |
| 62060 | $990 | $1,020 | $1,250 | $1,600 | $1,850 | +$170 (+15.7%) | 7% below |
| 62061 | $910 | $950 | $1,160 | $1,490 | $1,720 | +$110 (+10.5%) | 14% below |
| 62062 | $980 | $1,010 | $1,240 | $1,590 | $1,840 | +$150 (+13.8%) | 8% below |
| 62067 | $1,010 | $1,050 | $1,280 | $1,650 | $1,900 | +$120 (+10.3%) | 5% below |
| 62074 | $750 | $780 | $960 | $1,220 | $1,430 | −$30 (−3.0%) | 29% below |
| 62084 | $930 | $970 | $1,180 | $1,510 | $1,750 | +$120 (+11.3%) | 13% below |
| 62087 | $800 | $830 | $1,010 | $1,300 | $1,500 | +$20 (+2.0%) | 25% below |
| 62090 | $900 | $930 | $1,140 | $1,460 | $1,690 | +$140 (+14.0%) | 15% below |
| 62095 | $900 | $930 | $1,140 | $1,460 | $1,690 | +$100 (+9.6%) | 15% below |
| 62097 | $940 | $960 | $1,200 | $1,510 | $1,790 | +$90 (+8.1%) | 11% below |
| 62234 | $990 | $1,020 | $1,250 | $1,600 | $1,850 | +$130 (+11.6%) | 7% below |
| 62249 | $800 | $830 | $1,020 | $1,310 | $1,510 | +$30 (+3.0%) | 24% below |
| 62281 | $1,250 | $1,300 | $1,590 | $2,040 | $2,350 | +$50 (+3.2%) | 18% above |
| 62294 | $1,060 | $1,100 | $1,350 | $1,730 | $2,000 | +$170 (+14.4%) | about the same as |
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.