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RentData.org Logo Rockford Fair Market Rent FY 2022 Rockford, IL MSA Rental Data

Fair Market Rent Prices in Rockford, IL :
$555 $635 $836 $1,140 $1,214
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 Rockford are average compared to the national average. This FMR area is more expensive than 65% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Rockford is $836 per month.

The previous year, rent for a two-bedroom home was $799 per month. This is a 4.63% increase year-over-year.

This FMR rate applies to Garden Prairie, IL, Capron, IL, Kingston, IL, Kirkland, IL, Caledonia, IL, Cherry Valley, IL, Genoa, IL, South Beloit, IL, Poplar Grove, IL, Marengo, IL and other cities within the region. The Metro Code or CBSA code for this region is METRO40420M40420.

Additionally, This Fair Market Rent (FMR) area Rockford, IL MSA spans one county or city in Illinois which is listed in the table below. Estimated population of Rockford, IL MSA FMR area is 53,640 people based on latest Census data.

Compared to the rest of Illinois, the Rockford FMR area is more expensive than 87% 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 Rockford. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Rockford

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 $ 590
1-BR 1-Bedroom $ 675
2-BR 2-Bedroom $ 888
3-BR 3-Bedroom $ 1211
4-BR 4-Bedroom $ 1289
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 Rockford, IL MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Chicago and Rockford.

County / Region Est. Population
Rockford, IL Metro 53,640
Zip Codes in Rockford, IL MSA

There are 17 unique zip codes in this Fair Market Rent (FMR) area:

60033, 60135, 60145, 60146, 60152, 61008, 61011, 61012, 61016, 61038, 61065, 61073, 61080, 61107, 61108, 61111 and 61114

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What's Next?

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