Rent by ZIP · Will County
Rent in Frankfort, IL 60423
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,060 (+12% vs FY2026). Renters in this ZIP code pay a median $1,492 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,720 | $1,530 | +12.4% | $1,548–1,892 | – |
| 1 bedroom | $1,820 | $1,630 | +11.7% | $1,638–2,002 | $977 ±$285 |
| 2 bedrooms | $2,060 | $1,840 | +12% | $1,854–2,266 | $1,185 ±$207 |
| 3 bedrooms | $2,650 | $2,370 | +11.8% | $2,385–2,915 | $1,785 ±$225 |
| 4 bedrooms | $3,030 | $2,740 | +10.6% | $2,727–3,333 | $3,500+ |
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 60423
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 |
|---|---|---|---|
| 60422 | Flossmoor | $3,020 | – |
| 60424 | Gardner | $1,420 | $1,040 |
| 60421 | Elwood | $1,560 | $988 |
| 60425 | Glenwood | $2,170 | $1,170 |
| 60420 | Dwight | $1,320 | $1,054 |
| 60426 | Harvey | $1,470 | $1,016 |
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.