Rent by ZIP · Will County
Rent in Elwood, IL 60421
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,560 (+13% vs FY2026). Renters in this ZIP code pay a median $1,188 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,300 | $1,150 | +13% | $1,170–1,430 | – |
| 1 bedroom | $1,380 | $1,220 | +13.1% | $1,242–1,518 | – |
| 2 bedrooms | $1,560 | $1,380 | +13% | $1,404–1,716 | $988 ±$925 |
| 3 bedrooms | $2,010 | $1,780 | +12.9% | $1,809–2,211 | – |
| 4 bedrooms | $2,290 | $2,060 | +11.2% | $2,061–2,519 | – |
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 60421
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 |
|---|---|---|---|
| 60420 | Dwight | $1,320 | $1,054 |
| 60422 | Flossmoor | $3,020 | – |
| 60419 | Dolton | $2,020 | $1,236 |
| 60423 | Frankfort | $2,060 | $1,185 |
| 60418 | Crestwood | $1,780 | $1,369 |
| 60424 | Gardner | $1,420 | $1,040 |
Fair Market Rents across Will 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.