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2025 FMR And Section 8 Rents For Grundy 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 grundy-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
16342$1025$1134$1490$1950$1984
16345$1040$1134$1490$1947$1984
16343$1025$1134$1490$1947$1984
16340$1430$1580$2020$2650$2780
16335$1025$1134$1490$1947$1984
16344$1070$1180$1550$2020$2060
16331$1025$1134$1490$1947$1984
16334$1025$1134$1490$1947$1984
16329$1550$1680$2000$2570$2900
16333$1025$1134$1490$1947$1984
16332$1025$1134$1490$1947$1984
16327$1090$1190$1490$1947$2070
16328$1220$1310$1490$1947$2250
16341$1025$1134$1490$1947$1984
16350$1025$1134$1490$1947$1984
16347$1025$1134$1490$1947$1984
16346$1070$1200$1570$2200$2290

Zip Code:

16342

Studio Rent:

$1025

1 Bedroom Rent:

$1134

2 Bedroom Rent:

$1490

3 Bedroom Rent:

$1950

4 Bedroom Rent:

$1984

Zip Code:

16345

Studio Rent:

$1040

1 Bedroom Rent:

$1134

2 Bedroom Rent:

$1490

3 Bedroom Rent:

$1947

4 Bedroom Rent:

$1984

Zip Code:

16343

Studio Rent:

$1025

1 Bedroom Rent:

$1134

2 Bedroom Rent:

$1490

3 Bedroom Rent:

$1947

4 Bedroom Rent:

$1984

Zip Code:

16340

Studio Rent:

$1430

1 Bedroom Rent:

$1580

2 Bedroom Rent:

$2020

3 Bedroom Rent:

$2650

4 Bedroom Rent:

$2780

Zip Code:

16335

Studio Rent:

$1025

1 Bedroom Rent:

$1134

2 Bedroom Rent:

$1490

3 Bedroom Rent:

$1947

4 Bedroom Rent:

$1984

Zip Code:

16344

Studio Rent:

$1070

1 Bedroom Rent:

$1180

2 Bedroom Rent:

$1550

3 Bedroom Rent:

$2020

4 Bedroom Rent:

$2060

Zip Code:

16331

Studio Rent:

$1025

1 Bedroom Rent:

$1134

2 Bedroom Rent:

$1490

3 Bedroom Rent:

$1947

4 Bedroom Rent:

$1984

Zip Code:

16334

Studio Rent:

$1025

1 Bedroom Rent:

$1134

2 Bedroom Rent:

$1490

3 Bedroom Rent:

$1947

4 Bedroom Rent:

$1984

Zip Code:

16329

Studio Rent:

$1550

1 Bedroom Rent:

$1680

2 Bedroom Rent:

$2000

3 Bedroom Rent:

$2570

4 Bedroom Rent:

$2900

Zip Code:

16333

Studio Rent:

$1025

1 Bedroom Rent:

$1134

2 Bedroom Rent:

$1490

3 Bedroom Rent:

$1947

4 Bedroom Rent:

$1984

Zip Code:

16332

Studio Rent:

$1025

1 Bedroom Rent:

$1134

2 Bedroom Rent:

$1490

3 Bedroom Rent:

$1947

4 Bedroom Rent:

$1984

Zip Code:

16327

Studio Rent:

$1090

1 Bedroom Rent:

$1190

2 Bedroom Rent:

$1490

3 Bedroom Rent:

$1947

4 Bedroom Rent:

$2070

Zip Code:

16328

Studio Rent:

$1220

1 Bedroom Rent:

$1310

2 Bedroom Rent:

$1490

3 Bedroom Rent:

$1947

4 Bedroom Rent:

$2250

Zip Code:

16341

Studio Rent:

$1025

1 Bedroom Rent:

$1134

2 Bedroom Rent:

$1490

3 Bedroom Rent:

$1947

4 Bedroom Rent:

$1984

Zip Code:

16350

Studio Rent:

$1025

1 Bedroom Rent:

$1134

2 Bedroom Rent:

$1490

3 Bedroom Rent:

$1947

4 Bedroom Rent:

$1984

Zip Code:

16347

Studio Rent:

$1025

1 Bedroom Rent:

$1134

2 Bedroom Rent:

$1490

3 Bedroom Rent:

$1947

4 Bedroom Rent:

$1984

Zip Code:

16346

Studio Rent:

$1070

1 Bedroom Rent:

$1200

2 Bedroom Rent:

$1570

3 Bedroom Rent:

$2200

4 Bedroom Rent:

$2290

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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.