Fair Market Rent · Illinois
Fair Market Rent in Morgan County, IL
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Morgan County is $930 a month, +1.5% from FY2026. Morgan County is part of the Morgan County, IL (a non-metro county area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $648 | $632 | +2.5% | $583–713 |
| 1 bedroom | $711 | $698 | +1.9% | $640–782 |
| 2 bedrooms | $930 | $916 | +1.5% | $837–1,023 |
| 3 bedrooms | $1,146 | $1,138 | +0.7% | $1,031–1,261 |
| 4 bedrooms | $1,554 | $1,537 | +1.1% | $1,399–1,709 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Morgan County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 62601 | Alexander | $1,020 | – | – |
| 62628 | Chapin | $1,210 | – | $1,075 |
| 62631 | Concord | $1,090 | – | – |
| 62638 | Franklin | $1,150 | $974 | $971 |
| 62650 | Jacksonville | $930 | $768 | $710 |
| 62665 | Meredosia | $930 | $870 | $674 |
| 62668 | Murrayville | $990 | $906 | $796 |
| 62692 | Waverly | $1,090 | $777 | $773 |
| 62695 | Woodson | $1,110 | – | $941 |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.