Rent by ZIP · Will County
Rent in Joliet, IL 60431
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,950 (+3.7% vs FY2026). Renters in this ZIP code pay a median $1,410 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,590 | $1,500 | +6% | $1,431–1,749 | – |
| 1 bedroom | $1,660 | $1,610 | +3.1% | $1,494–1,826 | $1,291 ±$115 |
| 2 bedrooms | $1,950 | $1,880 | +3.7% | $1,755–2,145 | $1,351 ±$75 |
| 3 bedrooms | $2,520 | $2,460 | +2.4% | $2,268–2,772 | $2,293 ±$206 |
| 4 bedrooms | $2,820 | $2,770 | +1.8% | $2,538–3,102 | – |
Small Area FMRs for the Chicago-Joliet-Naperville, IL HUD Metro FMR Area. This ZIP code is in more than one HUD area; figures are for the main one. 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 60431
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 |
|---|---|---|---|
| 60430 | Homewood | $1,960 | $1,177 |
| 60432 | Joliet | $1,770 | $1,218 |
| 60429 | Hazel Crest | $1,980 | $1,343 |
| 60433 | Joliet | $1,820 | $1,358 |
| 60428 | Markham | $2,290 | – |
| 60435 | Joliet | $1,880 | $1,314 |
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.