Rent by ZIP · Kane County
Rent in Elgin, IL 60123
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,790 (+12.6% vs FY2026). Renters in this ZIP code pay a median $1,292 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,490 | $1,320 | +12.9% | $1,341–1,639 | $968 ±$142 |
| 1 bedroom | $1,580 | $1,410 | +12.1% | $1,422–1,738 | $1,056 ±$157 |
| 2 bedrooms | $1,790 | $1,590 | +12.6% | $1,611–1,969 | $1,323 ±$74 |
| 3 bedrooms | $2,300 | $2,050 | +12.2% | $2,070–2,530 | $1,703 ±$181 |
| 4 bedrooms | $2,630 | $2,370 | +11% | $2,367–2,893 | $2,060 ±$422 |
Small Area FMRs for the Chicago-Joliet-Naperville, IL HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Chicago-Joliet-Naperville, IL HUD Metro FMR Area, 2 bedrooms: $2,011.
What renters pay in 60123
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 60124 | Elgin | $2,690 | $1,737 |
| 60120 | Elgin | $1,910 | $1,417 |
| 60126 | Elmhurst | $2,670 | $1,934 |
| 60119 | Elburn | $2,340 | $1,550 |
| 60118 | Dundee | $2,090 | $1,457 |
| 60129 | Esmond | $1,320 | – |
Fair Market Rents across Kane County, IL · All IL counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.