Boone County, IL: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,1722-bedroom FMR, FY2027

$8961-bedroom FMR, FY2027

$71,75080% income limit, family of 4 (FY2026)

$89,400Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Boone County is $1,172 a month, down 0.3% from $1,175 in FY2026. Boone County belongs to the Rockford, IL MSA FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Boone County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$816	$810	+0.7%	$735 – $897
1 bedroom	$896	$895	+0.1%	$807 – $985
2 bedrooms	$1,172	$1,175	−0.3%	$1,055 – $1,289
3 bedrooms	$1,542	$1,555	−0.8%	$1,388 – $1,696
4 bedrooms	$1,578	$1,594	−1.0%	$1,421 – $1,735

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Boone County that is typically $1,055 to $1,289 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$42,572median income of renter households

$1,041Median gross rent, all units

29%Rent-to-income ratio (median rent ÷ median renter income)

46%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $42,572 can afford about $1,064 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,172 is $108 (10.1%) more than that. To rent a two-bedroom at the FMR, a household needs $46,880 a year under the 30% rule, or $42,192 under the common landlord rule that income must be three times the rent.

Boone County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$1,041 ±$69
Median income of renter households	$42,572 ±$10,186
Renters paying 30% or more of income (cost-burdened)	45.5% ±8.0
Renters paying 50% or more (severely cost-burdened)	20.8% ±6.3
Renter households (where the share can be computed)	3,324

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$854	$1,041	+21.9%
Median renter household income	$37,681	$42,572	+13.0%
Renters paying 30%+ of income	44.3%	45.5%	+1.2 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $1,060 to $1,760 depending on the ZIP code.

All 43 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
60033	$1,370	$1,450	$1,640	$2,110	$2,410
60135	$1,070	$1,180	$1,510	$2,050	$2,350
60145	$880	$970	$1,240	$1,680	$1,990
60146	$1,090	$1,200	$1,540	$2,090	$2,390
60152	$1,240	$1,320	$1,490	$1,920	$2,190
61008	$800	$880	$1,150	$1,510	$1,550
61011	$1,230	$1,350	$1,760	$2,320	$2,370
61012	$730	$810	$1,060	$1,400	$1,440
61016	$740	$810	$1,060	$1,400	$1,440
61019	$880	$960	$1,260	$1,620	$1,860
61020	$860	$950	$1,240	$1,530	$1,770
61024	$730	$810	$1,060	$1,400	$1,440
61038	$990	$1,080	$1,310	$1,710	$1,860
61039	$730	$810	$1,060	$1,400	$1,630
61047	$890	$980	$1,280	$1,530	$1,950
61052	$880	$970	$1,270	$1,650	$1,990
61063	$890	$980	$1,280	$1,680	$1,750
61065	$1,230	$1,350	$1,760	$2,320	$2,370
61072	$840	$920	$1,200	$1,580	$1,620
61073	$1,090	$1,200	$1,570	$2,070	$2,110
61077	$890	$980	$1,280	$1,680	$1,750
61079	$750	$820	$1,070	$1,400	$1,440
61080	$750	$820	$1,070	$1,410	$1,440
61084	$760	$840	$1,100	$1,400	$1,610
61088	$890	$980	$1,280	$1,680	$1,720
61101	$830	$910	$1,190	$1,570	$1,600
61102	$730	$810	$1,060	$1,400	$1,450
61103	$770	$850	$1,110	$1,460	$1,490
61104	$730	$810	$1,060	$1,400	$1,440
61105	$810	$890	$1,170	$1,540	$1,570
61107	$840	$920	$1,210	$1,590	$1,630
61108	$810	$890	$1,170	$1,540	$1,570
61109	$760	$830	$1,090	$1,430	$1,470
61110	$810	$890	$1,170	$1,540	$1,570
61111	$870	$960	$1,250	$1,650	$1,680
61112	$770	$840	$1,110	$1,460	$1,490
61114	$1,030	$1,130	$1,480	$1,950	$1,990
61115	$910	$990	$1,300	$1,710	$1,750
61125	$810	$890	$1,170	$1,540	$1,570
61126	$810	$890	$1,170	$1,540	$1,570
61130	$810	$890	$1,170	$1,540	$1,570
61131	$810	$890	$1,170	$1,540	$1,570
61132	$810	$890	$1,170	$1,540	$1,570

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Boone County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $89,400 (FY2025: $86,400, +3.5%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$18,850 +3.6%	$21,640 +2.3%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$31,400 +3.5%	$35,900 +3.6%	$40,400 +3.6%	$44,850 +3.6%	$48,450 +3.5%	$52,050 +3.6%	$55,650 +3.6%	$59,250 +3.6%
Low income (80%)	$50,250 +3.5%	$57,400 +3.5%	$64,600 +3.5%	$71,750 +3.5%	$77,500 +3.5%	$83,250 +3.5%	$89,000 +3.5%	$94,750 +3.6%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.