What is the Fair Market Rent in Palatine, IL?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $2,130 to $2,170 a month across the 2 ZIP codes that cover Palatine.

By ZIP code: 60074 $2,170, 60067 $2,130.

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 Palatine is $1,634 (±$79), below the Small Area figure for ZIP 60074.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $2,011
2 bedrooms, ZIP 60074: $2,170
2 bedrooms, ZIP 60067: $2,130

Fair Market Rents for Palatine, 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
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Chicago-Joliet-Naperville, IL HUD Metro FMR Area (whole area)	$1,678	$1,780	$2,011	$2,586	$2,954	—
ZIP 60074 (78% of the ZIP’s land is in this place)	$1,810	$1,920	$2,170	$2,790	$3,190	$1,486
ZIP 60067 (62% of the ZIP’s land is in this place)	$1,780	$1,890	$2,130	$2,740	$3,130	$1,609

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 Palatine

What is the Section 8 payment standard in Palatine?

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 60074 is $2,170.

What is the Fair Market Rent for a two-bedroom in ZIP 60074?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60074 is $2,170 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,486 (±$85).

What is the Fair Market Rent for a two-bedroom in ZIP 60067?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60067 is $2,130 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,609 (±$84).

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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 60074 is $1,920 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.