Rent by ZIP · Morgan County
Rent in Franklin, IL 62638
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,150 (+4.5% vs FY2026). Renters in this ZIP code pay a median $971 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $800 | $760 | +5.3% | $720–880 | – |
| 1 bedroom | $880 | $840 | +4.8% | $792–968 | – |
| 2 bedrooms | $1,150 | $1,100 | +4.5% | $1,035–1,265 | $974 ±$52 |
| 3 bedrooms | $1,420 | $1,370 | +3.6% | $1,278–1,562 | $733 ±$245 |
| 4 bedrooms | $1,920 | $1,850 | +3.8% | $1,728–2,112 | – |
Small Area FMRs for the Morgan County, IL. 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 Morgan County, IL, 2 bedrooms: $930.
What renters pay in 62638
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 |
|---|---|---|---|
| 62639 | Frederick | $940 | – |
| 62640 | Girard | $960 | $734 |
| 62635 | Emden | $1,050 | $876 |
| 62634 | Elkhart | $930 | $832 |
| 62642 | Greenview | $1,090 | $661 |
| 62633 | Easton | $930 | $750 |
Fair Market Rents across Morgan 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.