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RentData.org Logo Bloomington Fair Market Rent FY 2020 Bloomington, IL HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Bloomington, IL :
$579 $648 $827 $1,160 $1,423
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Bloomington are high compared to the national average. This FMR area is more expensive than 79% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Bloomington is $827 per month.

The previous year, rent for a two-bedroom home was $846 per month. This is a 2.25% decrease year-over-year.

This FMR rate applies to Merna, IL, Anchor, IL, Bellflower, IL, Shirley, IL, Cooksville, IL, Ellsworth, IL, Arrowsmith, IL, Stanford, IL, Congerville, IL, Saybrook, IL and other cities within the region. The Metro Code or CBSA code for this region is METRO14010M14060.

Additionally, This Fair Market Rent (FMR) area Bloomington, IL HUD Metro FMR Area spans one county or city in Illinois which is listed in the table below. Estimated population of Bloomington, IL HUD Metro FMR Area FMR area is 173,230 people based on latest Census data.

Compared to the rest of Illinois, the Bloomington FMR area is more expensive than 90% of the state.

Illinois Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Bloomington. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Bloomington

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 621
1-BR 1-Bedroom $ 694
2-BR 2-Bedroom $ 886
3-BR 3-Bedroom $ 1243
4-BR 4-Bedroom $ 1525
Change Year:
2016 2017 2018 2019 2020 2021

There is just one county (listed below) within the Bloomington, IL HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Peoria - Bloomington.

County / Region Est. Population
Bloomington, IL Metro 173,230
Zip Codes in Bloomington, IL HUD Metro FMR Area

There are 29 unique zip codes in this Fair Market Rent (FMR) area:

61701, 61702, 61704, 61705, 61709, 61720, 61722, 61724, 61725, 61728, 61729, 61730, 61732, 61736, 61737, 61738, 61748, 61753, 61755, 61758, 61759, 61761, 61770, 61772, 61774, 61776, 61790, 61791 and 61799

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What's Next?

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