What is the Fair Market Rent in Park Forest, IL?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60466, which covers Park Forest, is $1,980 a month.

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 Park Forest is $1,417 (±$86), below the Small Area figure for ZIP 60466.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $2,011
2 bedrooms, ZIP 60466: $1,980

Fair Market Rents for Park Forest, 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 60466 (77% of the ZIP’s land is in this place)	$1,650	$1,750	$1,980	$2,550	$2,910	$1,365

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 Park Forest

What is the Section 8 payment standard in Park Forest?

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 60466 is $1,980.

What is the Fair Market Rent for a two-bedroom in ZIP 60466?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60466 is $1,980 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,365 (±$100).

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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 60466 is $1,750 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.