2025 FMR And Section 8 Rents For Bond County IL

Section 8 is a federal program that guarantees monthly rent payments to landlords. The U.S. Department of Housing and Urban Development (HUD) publishes Fair Market Rents, which are 40th percentile averages of local rents, to determine their standard payment amount.

Use our Section 8 rents table to find the best market for Section 8 investment. See Section 8 rents in each zip code of bond-county, IL.

Typically, the government guarantees 70% of the rent payment, and the tenant pays the remaining 30%. Section 8 tenants typically stay in their units 6-7x longer than regular tenants.

Zip CodeStudio1 Bed2 Bed3 Bed4 Bed
62934$680$840$940$1220$1410
62931$890$1170$1320$1720$1980
62946$650$850$960$1250$1440
62938$680$794$900$1170$1370
62943$810$1010$1160$1500$1740
62932$680$794$900$1170$1370
62941$610$800$900$1170$1350
62930$640$840$950$1240$1430
62940$680$794$900$1170$1370
62939$800$840$1040$1350$1560
62933$700$920$1030$1340$1550
62935$850$890$1110$1440$1670
62942$810$1010$1160$1500$1740

Zip Code:

62934

Studio Rent:

$680

1 Bedroom Rent:

$840

2 Bedroom Rent:

$940

3 Bedroom Rent:

$1220

4 Bedroom Rent:

$1410

Zip Code:

62931

Studio Rent:

$890

1 Bedroom Rent:

$1170

2 Bedroom Rent:

$1320

3 Bedroom Rent:

$1720

4 Bedroom Rent:

$1980

Zip Code:

62946

Studio Rent:

$650

1 Bedroom Rent:

$850

2 Bedroom Rent:

$960

3 Bedroom Rent:

$1250

4 Bedroom Rent:

$1440

Zip Code:

62938

Studio Rent:

$680

1 Bedroom Rent:

$794

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1170

4 Bedroom Rent:

$1370

Zip Code:

62943

Studio Rent:

$810

1 Bedroom Rent:

$1010

2 Bedroom Rent:

$1160

3 Bedroom Rent:

$1500

4 Bedroom Rent:

$1740

Zip Code:

62932

Studio Rent:

$680

1 Bedroom Rent:

$794

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1170

4 Bedroom Rent:

$1370

Zip Code:

62941

Studio Rent:

$610

1 Bedroom Rent:

$800

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1170

4 Bedroom Rent:

$1350

Zip Code:

62930

Studio Rent:

$640

1 Bedroom Rent:

$840

2 Bedroom Rent:

$950

3 Bedroom Rent:

$1240

4 Bedroom Rent:

$1430

Zip Code:

62940

Studio Rent:

$680

1 Bedroom Rent:

$794

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1170

4 Bedroom Rent:

$1370

Zip Code:

62939

Studio Rent:

$800

1 Bedroom Rent:

$840

2 Bedroom Rent:

$1040

3 Bedroom Rent:

$1350

4 Bedroom Rent:

$1560

Zip Code:

62933

Studio Rent:

$700

1 Bedroom Rent:

$920

2 Bedroom Rent:

$1030

3 Bedroom Rent:

$1340

4 Bedroom Rent:

$1550

Zip Code:

62935

Studio Rent:

$850

1 Bedroom Rent:

$890

2 Bedroom Rent:

$1110

3 Bedroom Rent:

$1440

4 Bedroom Rent:

$1670

Zip Code:

62942

Studio Rent:

$810

1 Bedroom Rent:

$1010

2 Bedroom Rent:

$1160

3 Bedroom Rent:

$1500

4 Bedroom Rent:

$1740

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Frequently Asked Section 8 Investing Questions

Fair Market Rent (FMR): HUD sets FMR by bedroom size for each area.

Payment Standard: The local PHA sets this between 90–110% of the FMR. It's the max PHA assistance.

Gross Rent: Contract rent (charged by landlord) + utility allowance (estimated tenant utility costs). Must fit payment standard limits.

Housing Assistance Payment (HAP):

The PHA pays the lower of:

  • Payment standard - Tenant's Total Tenant Payment (TTP).
  • Gross rent - TTP.

Example:

  • Payment standard: $1,500
  • Contract rent: $1,400
  • Utility allowance: $100
  • Tenant's TTP: $400
  • Gross rent: $1,500 ($1,400 + $100).
  • HAP: $1,100 (lower of $1,500 - $400 or $1,500 - $400).

Landlord receives $1,100 (PHA) + $400 (tenant) = $1,500 total.