Piatt 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).

$1,1732-bedroom FMR, FY2027

$9961-bedroom FMR, FY2027

$88,70080% income limit, family of 4 (FY2026)

$114,300Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Piatt County is $1,173 a month, up 4.5% from $1,122 in FY2026. Piatt County belongs to the Champaign-Urbana, IL HUD Metro FMR Area 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 Piatt County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$983	$941	+4.5%	$885 – $1,081
1 bedroom	$996	$946	+5.3%	$897 – $1,095
2 bedrooms	$1,173	$1,122	+4.5%	$1,056 – $1,290
3 bedrooms	$1,474	$1,436	+2.6%	$1,327 – $1,621
4 bedrooms	$1,542	$1,486	+3.8%	$1,388 – $1,696

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 Piatt County that is typically $1,056 to $1,290 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?

$63,785median income of renter households

$1,046Median gross rent, all units

20%Rent-to-income ratio (median rent ÷ median renter income)

31%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $63,785 can afford about $1,595 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,173 is $422 (26.4%) less than that. To rent a two-bedroom at the FMR, a household needs $46,920 a year under the 30% rule, or $42,228 under the common landlord rule that income must be three times the rent.

Piatt County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$1,046 ±$175
Median income of renter households	$63,785 ±$21,106
Renters paying 30% or more of income (cost-burdened)	31.3% ±9.6
Renters paying 50% or more (severely cost-burdened)	20.4% ±9.0
Renter households (where the share can be computed)	899

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$851	$1,046	+22.9%
Median renter household income	$36,048	$63,785	+76.9%
Renters paying 30%+ of income	42.5%	31.3%	−11.2 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 $1,010 to $1,530 depending on the ZIP code.

All 54 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
60936	$850	$900	$1,180	$1,550	$1,560
60949	$990	$1,000	$1,180	$1,480	$1,550
60957	$850	$860	$1,030	$1,410	$1,530
60960	$850	$860	$1,010	$1,300	$1,350
61801	$950	$970	$1,140	$1,430	$1,500
61802	$950	$970	$1,140	$1,430	$1,500
61803	$980	$990	$1,170	$1,470	$1,540
61810	$850	$860	$1,010	$1,300	$1,340
61813	$850	$860	$1,010	$1,300	$1,340
61815	$1,030	$1,040	$1,230	$1,550	$1,620
61816	$910	$930	$1,090	$1,370	$1,430
61818	$1,010	$1,030	$1,210	$1,520	$1,590
61820	$1,130	$1,150	$1,350	$1,700	$1,770
61821	$990	$1,000	$1,180	$1,480	$1,550
61822	$1,240	$1,260	$1,480	$1,860	$1,950
61824	$980	$990	$1,170	$1,470	$1,540
61825	$980	$990	$1,170	$1,470	$1,540
61826	$980	$990	$1,170	$1,470	$1,540
61830	$1,090	$1,110	$1,310	$1,660	$1,760
61839	$850	$860	$1,010	$1,300	$1,570
61840	$980	$1,000	$1,190	$1,510	$1,590
61842	$850	$900	$1,180	$1,550	$1,820
61843	$850	$900	$1,180	$1,550	$1,560
61844	$910	$920	$1,170	$1,560	$1,640
61845	$850	$900	$1,180	$1,550	$1,560
61847	$850	$860	$1,010	$1,300	$1,340
61849	$890	$900	$1,070	$1,350	$1,410
61851	$880	$900	$1,050	$1,330	$1,400
61852	$850	$950	$1,090	$1,390	$1,570
61853	$1,240	$1,260	$1,480	$1,860	$1,950
61854	$1,000	$1,010	$1,190	$1,550	$1,560
61855	$920	$940	$1,100	$1,390	$1,450
61856	$1,060	$1,080	$1,270	$1,600	$1,670
61859	$1,280	$1,290	$1,530	$1,920	$2,010
61862	$850	$860	$1,010	$1,300	$1,340
61863	$850	$870	$1,010	$1,300	$1,450
61864	$1,070	$1,090	$1,280	$1,610	$1,680
61866	$860	$870	$1,030	$1,300	$1,350
61871	$1,020	$1,040	$1,220	$1,530	$1,600
61872	$870	$880	$1,040	$1,310	$1,370
61873	$850	$870	$1,020	$1,300	$1,340
61874	$900	$910	$1,070	$1,340	$1,410
61875	$920	$920	$1,090	$1,430	$1,450
61877	$1,090	$1,100	$1,300	$1,630	$1,710
61878	$850	$860	$1,010	$1,300	$1,340
61880	$850	$860	$1,010	$1,300	$1,340
61882	$850	$860	$1,070	$1,300	$1,780
61884	$1,010	$1,020	$1,210	$1,520	$1,580
61913	$850	$860	$1,010	$1,300	$1,390
61929	$850	$860	$1,010	$1,300	$1,390
61936	$850	$870	$1,070	$1,400	$1,580
61937	$850	$860	$1,010	$1,300	$1,550
61953	$850	$930	$1,020	$1,350	$1,700
61956	$850	$860	$1,010	$1,300	$1,580

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

HUD income limits for Piatt County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $114,300 (FY2025: $97,800, +16.9%). 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%)	$23,300 +9.9%	$26,600 +9.9%	$29,950 +9.9%	$33,250 +3.4%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$38,850 +9.9%	$44,400 +9.9%	$49,950 +9.9%	$55,450 +9.9%	$59,900 +9.9%	$64,350 +9.9%	$68,800 +9.9%	$73,200 +9.9%
Low income (80%)	$62,100 +9.8%	$71,000 +9.9%	$79,850 +9.8%	$88,700 +9.8%	$95,800 +9.8%	$102,900 +9.8%	$110,000 +9.8%	$117,100 +9.8%

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.