Mercer County, IL

2025 Fair Market Rents

Tags: 2025 Davenport-Moline-Rock Island, IA-IL MSA

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The top four largest cities in Mercer County are Milan, Aledo, Sherrard, and Viola. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Mercer County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Mercer County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Mercer County compare?

Mercer County ($1,025) has a 1% higher FMR for 2-Bedroom housing than the average of Illinois ($1,015) and therefore a higher gross rent.

Mercer County is rank 25th out of 102 counties. This means the FMRs, or in other words, the gross rent is higher than 77 other counties. Mercer County is the 25th most expensive county in terms of FMRs.

Rent Tables Mercer County, IL

Fair Market Rent (40th Percentile)

$707
studio
$831
1-Bedroom
$1,025
2-Bedroom
$1,336
3-Bedroom
$1,578
4-Bedroom

Median Rent (50th Percentile)

$752
studio
$883
1-Bedroom
$1,090
2-Bedroom
$1,421
3-Bedroom
$1,679
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
61231 $660 $770 $950 $1,240 $1,460
61259 $870 $1,020 $1,260 $1,640 $1,940
61260 $600 $710 $880 $1,140 $1,350
61263 $630 $750 $920 $1,200 $1,420
61264 $780 $920 $1,130 $1,470 $1,740
61272 $610 $720 $890 $1,160 $1,370
61276 $660 $770 $950 $1,240 $1,460
61279 $810 $960 $1,180 $1,540 $1,820
61281 $630 $740 $910 $1,190 $1,400
61442 $610 $710 $880 $1,150 $1,340
61466 $600 $710 $880 $1,140 $1,350
61476 $630 $720 $910 $1,190 $1,420
61486 $630 $750 $920 $1,200 $1,420
61442 $610 $710 $880 $1,150 $1,340
61476 $630 $720 $910 $1,190 $1,420
61466 $600 $710 $880 $1,140 $1,350
61466 $600 $710 $880 $1,140 $1,350
61476 $630 $720 $910 $1,190 $1,420
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
61231 $594 $693 $855 $1,116 $1,314
61259 $783 $918 $1,134 $1,476 $1,746
61260 $540 $639 $792 $1,026 $1,215
61263 $567 $675 $828 $1,080 $1,278
61264 $702 $828 $1,017 $1,323 $1,566
61272 $549 $648 $801 $1,044 $1,233
61276 $594 $693 $855 $1,116 $1,314
61279 $729 $864 $1,062 $1,386 $1,638
61281 $567 $666 $819 $1,071 $1,260
61442 $549 $639 $792 $1,035 $1,206
61466 $540 $639 $792 $1,026 $1,215
61476 $567 $648 $819 $1,071 $1,278
61486 $567 $675 $828 $1,080 $1,278
61442 $549 $639 $792 $1,035 $1,206
61476 $567 $648 $819 $1,071 $1,278
61466 $540 $639 $792 $1,026 $1,215
61466 $540 $639 $792 $1,026 $1,215
61476 $567 $648 $819 $1,071 $1,278
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
61231 $726 $847 $1,045 $1,364 $1,606
61259 $957 $1,122 $1,386 $1,804 $2,134
61260 $660 $781 $968 $1,254 $1,485
61263 $693 $825 $1,012 $1,320 $1,562
61264 $858 $1,012 $1,243 $1,617 $1,914
61272 $671 $792 $979 $1,276 $1,507
61276 $726 $847 $1,045 $1,364 $1,606
61279 $891 $1,056 $1,298 $1,694 $2,002
61281 $693 $814 $1,001 $1,309 $1,540
61442 $671 $781 $968 $1,265 $1,474
61466 $660 $781 $968 $1,254 $1,485
61476 $693 $792 $1,001 $1,309 $1,562
61486 $693 $825 $1,012 $1,320 $1,562
61442 $671 $781 $968 $1,265 $1,474
61476 $693 $792 $1,001 $1,309 $1,562
61466 $660 $781 $968 $1,254 $1,485
61466 $660 $781 $968 $1,254 $1,485
61476 $693 $792 $1,001 $1,309 $1,562

Fair Market Rents on this page apply to the following cities in Mercer County, Illinois: Milan, Aledo, Sherrard, Viola, New Boston, Illinois City, Reynolds, Joy, Keithsburg, Matherville, Preemption, North Henderson, and Seaton.

These Fair Market Rents also apply to the following ZIP codes in Mercer County, Illinois: 61264, 61231, 61281, 61486, 61272, 61259, 61279, 61260, 61442, 61263, 61276, 61466, and 61476.

Mercer County, IL is considered part of the following metro FMR area: DAVENPORT-MOLINE-ROCK ISLAND, IA-IL MSA.

Other counties in the same metro FMR area are: Henry County, IL, and Rock Island County, IL.

More on Mercer County, IL

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.