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RentData.org Logo Grundy County Fair Market Rent FY 2022 Grundy County, IL HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Grundy County, IL :
$910 $916 $1,205 $1,514 $1,634
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Grundy County are very high compared to the national average. This FMR area is more expensive than 91% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Grundy County is $1,205 per month.

The previous year, rent for a two-bedroom home was $1,177 per month. This is a 2.38% increase year-over-year.

This FMR rate applies to Kinsman, IL, Ransom, IL, South Wilmington, IL, Verona, IL, Reddick, IL, Braceville, IL, Mazon, IL, Gardner, IL, Newark, IL, Seneca, IL and other cities within the region. The Metro Code or CBSA code for this region is METRO16980MM3170.

Additionally, This Fair Market Rent (FMR) area Grundy County, IL HUD Metro FMR Area spans one county or city in Illinois which is listed in the table below. Estimated population of Grundy County, IL HUD Metro FMR Area FMR area is 50,335 people based on latest Census data.

Compared to the rest of Illinois, the Grundy County FMR area is more expensive than 97% 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 Grundy County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Grundy County

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 $ 971
1-BR 1-Bedroom $ 977
2-BR 2-Bedroom $ 1286
3-BR 3-Bedroom $ 1616
4-BR 4-Bedroom $ 1744
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 Grundy County, IL HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Chicago and Peoria - Bloomington.

County / Region Est. Population
Grundy County, IL Metro 50,335
Zip Codes in Grundy County, IL HUD Metro FMR Area

There are 16 unique zip codes in this Fair Market Rent (FMR) area:

60407, 60410, 60416, 60420, 60424, 60437, 60444, 60447, 60450, 60470, 60474, 60479, 60481, 60541, 60961 and 61360

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What's Next?

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