What is the Fair Market Rent in Joliet, IL?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,770 to $2,950 a month across the 6 ZIP codes that cover Joliet.

By ZIP code: 60435 $1,880, 60431 $1,950, 60432 $1,770, 60436 $1,860, 60586 $2,950, 60433 $1,820.

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 Joliet is $1,312 (±$46), below the Small Area figure for ZIP 60435.

Figures last updated on .

2 bedrooms, whole area
$2,011
2 bedrooms, ZIP 60435
$1,880
2 bedrooms, ZIP 60431
$1,950
2 bedrooms, ZIP 60432
$1,770

Fair Market Rents for Joliet, 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 60435 (86% of the ZIP’s land is in this place)$1,570$1,660$1,880$2,420$2,760$1,168
ZIP 60431 (79% of the ZIP’s land is in this place)$1,590$1,660$1,950$2,520$2,820$1,410
ZIP 60432 (63% of the ZIP’s land is in this place)$1,480$1,570$1,770$2,280$2,600$1,253
ZIP 60436 (62% of the ZIP’s land is in this place)$1,550$1,650$1,860$2,390$2,730$1,306
ZIP 60586 (47% of the ZIP’s land is in this place)$2,430$2,570$2,950$3,800$4,300$2,257
ZIP 60433 (35% of the ZIP’s land is in this place)$1,520$1,610$1,820$2,340$2,670$1,357

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 Joliet

What is the Section 8 payment standard in Joliet?

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 60435 is $1,880.

What is the Fair Market Rent for a two-bedroom in ZIP 60435?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60435 is $1,880 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,168 (±$79).

What is the Fair Market Rent for a two-bedroom in ZIP 60431?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60431 is $1,950 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,410 (±$85).

What is the Fair Market Rent for a two-bedroom in ZIP 60432?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60432 is $1,770 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,253 (±$83).

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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 60435 is $1,660 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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