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

Wayne County, IL, 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 Wayne County, IL, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $498 to a high of $608, with an average of $553.
One-bedroom: One-bedroom rental prices vary, with a minimum of $553, a maximum of $675, and an average of $614.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $726, peaking at a maximum of $888, and averaging at $807.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $881, a maximum of $1,077, and an average of $979.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,013 to a maximum of $1,239, with an average of $1,126.

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 Wayne County, IL 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 Wayne County, IL, IL Low Rent (90%) $498 $553 $726 $881 $1,013
Average Rent $553 $614 $807 $979 $1,126
High Rent(110%) $608 $675 $888 $1,077 $1,239
2023 Wayne County, IL, IL Low Rent (90%) $478 $529 $697 $860 $972
Average Rent $531 $588 $774 $956 $1,080
High Rent (110%) $584 $647 $851 $1,052 $1,188
2022 Wayne County, IL, IL Low Rent (90%) $453 $503 $662 $824 $897
Average Rent $503 $559 $735 $916 $997
High Rent(110%) $553 $615 $809 $1,008 $1,097
2021 Wayne County, IL, IL Low Rent (90%) $428 $478 $630 $784 $854
Average Rent $476 $531 $700 $871 $949
High Rent (110%) $524 $584 $770 $958 $1,044
2020 Wayne County, IL, IL Low Rent (90%) $427 $477 $628 $785 $851
Average Rent $474 $530 $698 $872 $946
High Rent(110%) $521 $583 $768 $959 $1,041
2019 Wayne County, IL, IL Low Rent (90%) $426 $474 $627 $786 $850
Average Rent $473 $527 $697 $873 $944
High Rent (110%) $520 $580 $767 $960 $1,038
2018 Wayne County, IL, IL Low Rent (90%) $406 $454 $603 $756 $831
Average Rent $451 $504 $670 $840 $923
High Rent(110%) $496 $554 $737 $924 $1,015
2017 Wayne County, IL, IL Low Rent (90%) $392 $454 $589 $739 $853
Average Rent $436 $504 $654 $821 $948
High Rent (110%) $480 $554 $719 $903 $1,043


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