Will County, IL

2025 Fair Market Rents

Tags: 2025 SAFMRS Chicago-Joliet-Naperville, IL HUD Metro FMR Area

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The top four largest cities in Will County are Romeoville, New Lenox, Lockport, and Mokena. 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 Will County use?

Will County is determined by the HUD to use Small Area Fair Market Rents. 40th percentile FMRs still exist for this county but they are not 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 Will County compare?

Will County ($1,761) has a 73.5% higher FMR for 2-Bedroom housing than the average of Illinois ($1,015) and therefore a higher gross rent.

Will County is rank 2nd out of 102 counties. This means the FMRs, or in other words, the gross rent is higher than 100 other counties. Will County is the 2nd most expensive county in terms of FMRs.

Rent Tables Will County, IL

Fair Market Rent (40th Percentile)

$1,458
studio
$1,560
1-Bedroom
$1,761
2-Bedroom
$2,262
3-Bedroom
$2,657
4-Bedroom

Median Rent (50th Percentile)

$1,611
studio
$1,723
1-Bedroom
$1,945
2-Bedroom
$2,498
3-Bedroom
$2,935
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
60403 $1,380 $1,480 $1,670 $2,150 $2,520
60404 $1,900 $2,040 $2,300 $2,950 $3,470
60408 $1,280 $1,370 $1,550 $1,990 $2,340
60421 $1,130 $1,200 $1,360 $1,750 $2,050
60432 $1,270 $1,360 $1,530 $1,970 $2,310
60433 $1,300 $1,390 $1,570 $2,020 $2,370
60434 $1,440 $1,540 $1,740 $2,230 $2,630
60436 $1,370 $1,470 $1,660 $2,130 $2,500
60441 $1,570 $1,670 $1,890 $2,430 $2,850
60442 $1,160 $1,240 $1,400 $1,800 $2,110
60446 $1,910 $2,050 $2,310 $2,970 $3,490
60448 $1,510 $1,610 $1,820 $2,340 $2,750
60451 $1,370 $1,470 $1,660 $2,130 $2,500
60490 $2,190 $2,340 $2,640 $3,390 $3,980
60408 $1,280 $1,370 $1,550 $1,990 $2,340
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
60403 $1,242 $1,332 $1,503 $1,935 $2,268
60404 $1,710 $1,836 $2,070 $2,655 $3,123
60408 $1,152 $1,233 $1,395 $1,791 $2,106
60421 $1,017 $1,080 $1,224 $1,575 $1,845
60432 $1,143 $1,224 $1,377 $1,773 $2,079
60433 $1,170 $1,251 $1,413 $1,818 $2,133
60434 $1,296 $1,386 $1,566 $2,007 $2,367
60436 $1,233 $1,323 $1,494 $1,917 $2,250
60441 $1,413 $1,503 $1,701 $2,187 $2,565
60442 $1,044 $1,116 $1,260 $1,620 $1,899
60446 $1,719 $1,845 $2,079 $2,673 $3,141
60448 $1,359 $1,449 $1,638 $2,106 $2,475
60451 $1,233 $1,323 $1,494 $1,917 $2,250
60490 $1,971 $2,106 $2,376 $3,051 $3,582
60408 $1,152 $1,233 $1,395 $1,791 $2,106
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
60403 $1,518 $1,628 $1,837 $2,365 $2,772
60404 $2,090 $2,244 $2,530 $3,245 $3,817
60408 $1,408 $1,507 $1,705 $2,189 $2,574
60421 $1,243 $1,320 $1,496 $1,925 $2,255
60432 $1,397 $1,496 $1,683 $2,167 $2,541
60433 $1,430 $1,529 $1,727 $2,222 $2,607
60434 $1,584 $1,694 $1,914 $2,453 $2,893
60436 $1,507 $1,617 $1,826 $2,343 $2,750
60441 $1,727 $1,837 $2,079 $2,673 $3,135
60442 $1,276 $1,364 $1,540 $1,980 $2,321
60446 $2,101 $2,255 $2,541 $3,267 $3,839
60448 $1,661 $1,771 $2,002 $2,574 $3,025
60451 $1,507 $1,617 $1,826 $2,343 $2,750
60490 $2,409 $2,574 $2,904 $3,729 $4,378
60408 $1,408 $1,507 $1,705 $2,189 $2,574

Fair Market Rents on this page apply to the following cities in Will County, Illinois: Romeoville, New Lenox, Lockport, Mokena, Bolingbrook, Joliet, Shorewood, Crest Hill, Manhattan, Braidwood, and Elwood.

These Fair Market Rents also apply to the following ZIP codes in Will County, Illinois: 60446, 60451, 60441, 60448, 60490, 60432, 60404, 60403, 60436, 60433, 60442, 60408, 60421, and 60434.

Will County, IL is considered part of the following metro FMR area: CHICAGO-JOLIET-NAPERVILLE, IL HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Cook County, IL, DuPage County, IL, Kane County, IL, Lake County, IL, and McHenry County, IL.

More on Will County, IL

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