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RentData.org Logo Lee County Fair Market Rent FY 2023 Lee County, IL Rental Data

Fair Market Rent Prices in Lee County, IL :
$531 $650 $774 $1,100 $1,145
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Lee County are very low compared to the national average. This FMR area is less expensive than 76% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lee County is $774 per month.

The previous year, rent for a two-bedroom home was $735 per month. This is a 5.31% increase year-over-year.

This FMR rate applies to Lee Center, IL, Nachusa, IL, Eldena, IL, Deer Grove, IL, West Brooklyn, IL, Harmon, IL, Compton, IL, Steward, IL, Sublette, IL, Paw Paw, IL and other cities within the region. The Metro Code or CBSA code for this region is NCNTY17103N17103.

Additionally, This Fair Market Rent (FMR) area Lee County, IL spans one county or city in Illinois which is listed in the table below. Estimated population of Lee County, IL FMR area is 34,204 people based on latest Census data.

Compared to the rest of Illinois, the Lee County FMR area is more expensive than 53% 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 Lee County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lee 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 $ 559
1-BR 1-Bedroom $ 684
2-BR 2-Bedroom $ 815
3-BR 3-Bedroom $ 1158
4-BR 4-Bedroom $ 1206
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 Lee County, IL FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Rockford and Davenport - R. Island - Moline.

County / Region Est. Population
Lee County, IL 34,204
Zip Codes in Lee County, IL

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

60553, 61006, 61021, 61031, 61042, 61057, 61071, 61081, 61243, 61310, 61318, 61324, 61331, 61353, 61367 and 61378

Lookup Fair Market Rent by Zip Code

What's Next?

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