Rent by ZIP · Kankakee County
Rent in Grant Park, IL 60940
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,500 (+5.6% vs FY2026). Renters in this ZIP code pay a median $1,210 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,050 | $990 | +6.1% | $945–1,155 | – |
| 1 bedroom | $1,150 | $1,090 | +5.5% | $1,035–1,265 | – |
| 2 bedrooms | $1,500 | $1,420 | +5.6% | $1,350–1,650 | $1,004 ±$100 |
| 3 bedrooms | $1,970 | $1,870 | +5.3% | $1,773–2,167 | $1,337 ±$100 |
| 4 bedrooms | $2,090 | $1,910 | +9.4% | $1,881–2,299 | $1,717 ±$137 |
Small Area FMRs for the Kankakee, IL MSA. 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 Kankakee, IL MSA, 2 bedrooms: $1,349.
What renters pay in 60940
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 |
|---|---|---|---|
| 60941 | Herscher | $1,290 | $786 |
| 60938 | Gilman | $930 | $788 |
| 60942 | Hoopeston | $980 | $848 |
| 60936 | Gibson City | $1,180 | $922 |
| 60935 | Essex | $1,410 | – |
| 60945 | Iroquois | $1,100 | $1,000 |
Fair Market Rents across Kankakee 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.