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RentData.org Logo Danville Fair Market Rent FY 2008 Danville, IL MSA Rental Data

Fair Market Rent Prices in Danville, IL :
$365 $437 $562 $673 $714
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Danville are very low compared to the national average. This FMR area is less expensive than 81% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Danville is $562 per month.

The previous year, rent for a two-bedroom home was $539 per month. This is a 4.27% increase year-over-year.

This FMR rate applies to East Lynn, IL, Armstrong, IL, Muncie, IL, Collison, IL, Henning, IL, Alvin, IL, Fithian, IL, Bismarck, IL, Fairmount, IL, Potomac, IL and other cities within the region. The Metro Code or CBSA code for this region is METRO19180M19180.

Additionally, This Fair Market Rent (FMR) area Danville, IL MSA spans one county or city in Illinois which is listed in the table below. Estimated population of Danville, IL MSA FMR area is 83,919 people based on latest Census data.

Compared to the rest of Illinois, the Danville FMR area is less expensive than 81% of the state.

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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 Danville. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Danville

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 $ 392
1-BR 1-Bedroom $ 458
2-BR 2-Bedroom $ 603
3-BR 3-Bedroom $ 732
4-BR 4-Bedroom $ 755
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Danville, IL MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Champaign & Sprngfld - Decatur.

County / Region Est. Population
Danville, IL Metro 83,919
Zip Codes in Danville, IL MSA

There are 18 unique zip codes in this Fair Market Rent (FMR) area:

60932, 60963, 61811, 61812, 61814, 61817, 61831, 61832, 61833, 61834, 61841, 61844, 61846, 61848, 61857, 61858, 61865 and 61883

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What's Next?

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