Illinois · FIPS 17197 · HUD FY 2027
Will County, Illinois Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Will County is $2,011 a month (rent plus utilities), 17% above the Illinois average of $1,724 and 14% above the U.S. average of $1,761. That is up $230 (12.9%) from FY 2026. At 30% of income, a household needs about $80,440 a year to afford it.
- $2,0112-bedroom FMR+$230 (+12.9%) vs FY 2026
- $1,7801-bedroom FMRIllinois: $1,489 · U.S.: $1,478
- $80,440Income for a 2-bedroom$39/hour full-time
- 2 of 1022BR rank in Illinois1 = highest rent
| Unit | Will County FY 2027 | FY 2026 | Change | Illinois avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,678 | $1,480 | +$198 (+13.4%) | $1,401 | $1,379 | $67,120 |
| 1 bedroom | $1,780 | $1,581 | +$199 (+12.6%) | $1,489 | $1,478 | $71,200 |
| 2 bedrooms | $2,011 | $1,781 | +$230 (+12.9%) | $1,724 | $1,761 | $80,440 |
| 3 bedrooms | $2,586 | $2,294 | +$292 (+12.7%) | $2,220 | $2,266 | $103,440 |
| 4 bedrooms | $2,954 | $2,653 | +$301 (+11.3%) | $2,524 | $2,607 | $118,160 |
How Will County compares
- HUD sets this rent for the Chicago-Joliet-Naperville, IL metro FMR area, which covers 8,357,645 residents in 6 counties.
- Across Illinois, 2-bedroom FMRs run from $930 (White County) to $2,341 (Kendall County).
- Studio to 4-bedroom: $1,678, $1,780, $2,011, $2,586, $2,954. 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 30 ZIP codes mostly in Will County (by land area), the 2-bedroom figure ranges from $1,430 to $3,030.
Small Area FMRs by ZIP code in Will County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 60401 | $1,330 | $1,410 | $1,590 | $2,040 | $2,330 | +$180 (+12.8%) | 21% below |
| 60403 | $1,610 | $1,710 | $1,930 | $2,480 | $2,830 | +$240 (+14.2%) | 4% below |
| 60404 | $2,300 | $2,440 | $2,760 | $3,550 | $4,050 | +$370 (+15.5%) | 37% above |
| 60408 | $1,330 | $1,410 | $1,590 | $2,040 | $2,340 | +$80 (+5.3%) | 21% below |
| 60410 | $1,870 | $1,970 | $2,320 | $3,050 | $3,500 | +$220 (+10.5%) | 15% above |
| 60417 | $1,540 | $1,630 | $1,840 | $2,370 | $2,700 | +$270 (+17.2%) | 9% below |
| 60421 | $1,300 | $1,380 | $1,560 | $2,010 | $2,290 | +$180 (+13.0%) | 22% below |
| 60423 | $1,720 | $1,820 | $2,060 | $2,650 | $3,030 | +$220 (+12.0%) | 2% above |
| 60431 | $1,590 | $1,660 | $1,950 | $2,520 | $2,820 | +$70 (+3.7%) | 3% below |
| 60432 | $1,480 | $1,570 | $1,770 | $2,280 | $2,600 | +$210 (+13.5%) | 12% below |
| 60433 | $1,520 | $1,610 | $1,820 | $2,340 | $2,670 | +$230 (+14.5%) | 9% below |
| 60435 | $1,570 | $1,660 | $1,880 | $2,420 | $2,760 | +$250 (+15.3%) | 7% below |
| 60436 | $1,550 | $1,650 | $1,860 | $2,390 | $2,730 | +$200 (+12.0%) | 8% below |
| 60440 | $1,950 | $2,070 | $2,340 | $3,010 | $3,440 | +$280 (+13.6%) | 16% above |
| 60441 | $1,770 | $1,880 | $2,120 | $2,730 | $3,110 | +$240 (+12.8%) | 5% above |
| 60442 | $1,340 | $1,420 | $1,600 | $2,060 | $2,350 | +$210 (+15.1%) | 20% below |
| 60446 | $2,140 | $2,270 | $2,570 | $3,300 | $3,770 | +$260 (+11.3%) | 28% above |
| 60448 | $1,630 | $1,730 | $1,950 | $2,510 | $2,860 | +$100 (+5.4%) | 3% below |
| 60449 | $1,650 | $1,750 | $1,980 | $2,550 | $2,910 | +$480 (+32.0%) | 2% below |
| 60451 | $1,560 | $1,660 | $1,870 | $2,400 | $2,750 | +$240 (+14.7%) | 7% below |
| 60468 | $1,180 | $1,260 | $1,430 | $1,830 | $2,090 | +$100 (+7.5%) | 29% below |
| 60481 | $1,220 | $1,290 | $1,460 | $1,880 | $2,150 | +$170 (+13.2%) | 27% below |
| 60484 | $1,890 | $2,000 | $2,260 | $2,910 | $3,320 | +$420 (+22.8%) | 12% above |
| 60490 | $2,520 | $2,670 | $3,020 | $3,880 | $4,440 | +$350 (+13.1%) | 50% above |
| 60491 | $1,950 | $2,070 | $2,340 | $3,010 | $3,440 | +$270 (+13.0%) | 16% above |
| 60503 | $2,370 | $2,470 | $2,910 | $3,760 | $4,200 | +$410 (+16.4%) | 45% above |
| 60544 | $2,250 | $2,390 | $2,700 | $3,470 | $3,960 | +$370 (+15.9%) | 34% above |
| 60564 | $2,520 | $2,670 | $3,020 | $3,880 | $4,440 | +$350 (+13.1%) | 50% above |
| 60585 | $2,500 | $2,630 | $3,030 | $3,900 | $4,410 | +$360 (+13.5%) | 51% above |
| 60586 | $2,430 | $2,570 | $2,950 | $3,800 | $4,300 | +$350 (+13.5%) | 47% 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.