Chicago-Joliet-Naperville, IL Fair Market Rent (FY2026)
Chicago-Joliet-Naperville, IL HUD Metro FMR Area · IL · 6 counties · pop. 8,394,246 (2023)
The FY2026 Fair Market Rent for a 2-bedroom in Chicago-Joliet-Naperville, IL is $1,781/month. Across bedroom sizes the HUD FMR runs from $1,480 (studio) to $2,653 (4-bedroom). That 2-bedroom figure is $806 above the US national median FMR of $975 — far above the national median FMR — and ranks #37 of 75 among the largest metros (1 = most expensive). FMR is the federal voucher rent standard, not the market median.
Source: HUD USER, FY2026 Fair Market Rents (40th percentile, revised final). Data as of June 2026.
Chicago-Joliet-Naperville, IL FMR by bedroom size
| Unit size | Monthly FMR | ≈ Weekly | Annual |
|---|---|---|---|
| Studio / efficiency | $1,480 | $342 | $17,760 |
| 1-bedroom | $1,581 | $365 | $18,972 |
| 2-bedroom | $1,781 | $411 | $21,372 |
| 3-bedroom | $2,294 | $530 | $27,528 |
| 4-bedroom | $2,653 | $613 | $31,836 |
Source: HUD USER, FY2026 Fair Market Rents (40th percentile, revised final). Data as of June 2026.
Weekly and annual figures are simple conversions of the monthly FMR (÷4.33 and ×12). The monthly FMR is HUD's published value. Verify on huduser.gov.
What this FMR means
Fair Market Rent is HUD's estimate of the 40th-percentile gross rent — contract rent plus tenant-paid utilities — for a modest, non-luxury unit in Chicago-Joliet-Naperville, IL. It is recalculated each fiscal year from American Community Survey rent data and a current-year inflation factor. Public housing agencies use the FMR to set Housing Choice Voucher (Section 8) payment standards, typically 90–110% of the FMR. A higher FMR means the program will cover a higher rent in this area; it does not mean landlords charge exactly this much.
Chicago-Joliet-Naperville, IL vs its state and the US
| Benchmark | 2-bedroom FMR |
|---|---|
| Chicago-Joliet-Naperville, IL | $1,781 |
| Illinois state median | $916 |
| US national median | $975 |
Chicago-Joliet-Naperville, IL sits in Illinois, where the median area's 2-bedroom FMR is $916 and areas range from $916 to $2,050.
Metro areas with a similar FMR
The five areas closest to Chicago-Joliet-Naperville, IL on the 2-bedroom FMR scale:
| Metro area | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Chicago-Joliet-Naperville, IL (this area) | $1,480 | $1,581 | $1,781 | $2,294 | $2,653 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $1,397 | $1,520 | $1,810 | $2,170 | $2,423 |
| Raleigh-Cary, NC | $1,524 | $1,596 | $1,750 | $2,196 | $2,936 |
| Salt Lake City, UT | $1,259 | $1,456 | $1,747 | $2,333 | $2,666 |
| Atlanta-Sandy Springs-Roswell, GA | $1,585 | $1,660 | $1,820 | $2,182 | $2,605 |
| Las Vegas-Henderson-North Las Vegas, NV | $1,333 | $1,478 | $1,735 | $2,413 | $2,764 |
Frequently asked questions
What is the FY2026 Fair Market Rent for a 2-bedroom in Chicago-Joliet-Naperville, IL?
The FY2026 HUD Fair Market Rent for a two-bedroom unit in the Chicago-Joliet-Naperville, IL HUD Metro FMR Area is $1,781 per month. FMR is the 40th-percentile gross rent (including utilities) HUD uses to set Housing Choice Voucher payment standards — it is not the local market median. Verify the current figure at huduser.gov.
What are the FMRs for other bedroom sizes in Chicago-Joliet-Naperville, IL?
In FY2026 the FMRs are $1,480 (studio), $1,581 (1-bedroom), $1,781 (2-bedroom), $2,294 (3-bedroom) and $2,653 (4-bedroom) per month. Larger units have higher FMRs because they assume more bedrooms and occupants.
Is rent in Chicago-Joliet-Naperville, IL high compared with the rest of the US?
Its 2-bedroom FMR of $1,781 is $806 above the national median FMR of $975 (+83%) — far above the national median FMR. Among the 75 largest metros it ranks #37 of 75 by 2-bedroom FMR (1 = most expensive).
Does the FMR mean my voucher will cover that much rent?
Not exactly. The local public housing agency (PHA) sets a "payment standard" usually between 90% and 110% of the FMR, and your subsidy is based on that standard minus roughly 30% of your adjusted income. The FMR is the benchmark, not a guaranteed amount — check with the PHA that serves Chicago-Joliet-Naperville, IL.
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Source & accuracy
FY2026 Fair Market Rents, U.S. Dept. of Housing & Urban Development — HUD USER (public domain). FMR is the federal voucher rent standard, not the market median. Figures are a June 2026 snapshot of HUD's revised final FY2026 file; verify the current value on huduser.gov before relying on it.
Last updated: 2026-06-20