What is the Fair Market Rent in Evanston, IL?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $2,460 to $2,630 a month across the 3 ZIP codes that cover Evanston.

By ZIP code: 60201 $2,630, 60202 $2,460, 60208 $2,630.

Across the whole Chicago-Joliet-Naperville, IL HUD Metro FMR Area the two-bedroom figure is $2,011.

The Census Bureau’s median gross rent for a two-bedroom home in Evanston is $1,835 (±$60), below the Small Area figure for ZIP 60201.

Figures last updated on .

2 bedrooms, whole area
$2,011
2 bedrooms, ZIP 60201
$2,630
2 bedrooms, ZIP 60202
$2,460
2 bedrooms, ZIP 60208
$2,630

Fair Market Rents for Evanston, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
Studio1 bedroom2 bedrooms3 bedrooms4 bedroomsCensus median rent
Chicago-Joliet-Naperville, IL HUD Metro FMR Area (whole area)$1,678$1,780$2,011$2,586$2,954—
ZIP 60201$2,190$2,330$2,630$3,380$3,860$1,864
ZIP 60202$2,050$2,180$2,460$3,160$3,610$1,651
ZIP 60208$2,190$2,330$2,630$3,380$3,860—

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Evanston

What is the Section 8 payment standard in Evanston?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Chicago-Joliet-Naperville, IL HUD Metro FMR Area is $2,011, and the Small Area figure for 60201 is $2,630.

What is the Fair Market Rent for a two-bedroom in ZIP 60201?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60201 is $2,630 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,864 (±$72).

What is the Fair Market Rent for a two-bedroom in ZIP 60202?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60202 is $2,460 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,651 (±$76).

What is the Fair Market Rent for a two-bedroom in ZIP 60208?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60208 is $2,630 a month.

What is the Fair Market Rent for a one-bedroom in Evanston?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 60201 is $2,330 a month, against $1,780 across the Chicago-Joliet-Naperville, IL HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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