The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Bond County, IL HUD Metro FMR Area, IL

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in Bond County, IL HUD Metro FMR Area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $545 to a high of $666, with an average of $605.
One-bedroom: One-bedroom rental prices vary, with a minimum of $715, a maximum of $873, and an average of $794.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $804, peaking at a maximum of $982, and averaging at $893.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,047, a maximum of $1,279, and an average of $1,163.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,208 to a maximum of $1,476, with an average of $1,342.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

To apply for Section 8 housing, you can check your income against the Bond County, IL HUD Metro FMR Area Housing Choice voucher income limit to determine your eligibility.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year Area HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Bond County, IL HUD Metro FMR Area, IL Low Rent (90%) $545 $715 $804 $1,047 $1,208
Average Rent $605 $794 $893 $1,163 $1,342
High Rent(110%) $666 $873 $982 $1,279 $1,476
2023 Bond County, IL HUD Metro FMR Area, IL Low Rent (90%) $466 $603 $697 $927 $1,052
Average Rent $518 $670 $774 $1,030 $1,169
High Rent (110%) $570 $737 $851 $1,133 $1,286
2022 Bond County, IL HUD Metro FMR Area, IL Low Rent (90%) $471 $525 $662 $874 $1,010
Average Rent $523 $583 $735 $971 $1,122
High Rent(110%) $575 $641 $809 $1,068 $1,234
2021 Bond County, IL HUD Metro FMR Area, IL Low Rent (90%) $523 $527 $666 $828 $1,021
Average Rent $581 $585 $740 $920 $1,134
High Rent (110%) $639 $644 $814 $1,012 $1,247
2020 Bond County, IL HUD Metro FMR Area, IL Low Rent (90%) $457 $510 $653 $815 $885
Average Rent $508 $567 $726 $905 $983
High Rent(110%) $559 $624 $799 $996 $1,081
2019 Bond County, IL HUD Metro FMR Area, IL Low Rent (90%) $455 $565 $660 $826 $975
Average Rent $505 $628 $733 $918 $1,083
High Rent (110%) $556 $691 $806 $1,010 $1,191
2018 Bond County, IL HUD Metro FMR Area, IL Low Rent (90%) $443 $551 $649 $814 $996
Average Rent $492 $612 $721 $904 $1,107
High Rent(110%) $541 $673 $793 $994 $1,218
2017 Bond County, IL HUD Metro FMR Area, IL Low Rent (90%) $430 $526 $632 $790 $1,008
Average Rent $478 $584 $702 $878 $1,120
High Rent (110%) $526 $642 $772 $966 $1,232


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