Logo Champaign-Urbana Fair Market Rent FY 2019 Champaign-Urbana, IL MSA Rental Data

Fair Market Rent Prices in Champaign-Urbana, IL :
$678 $696 $836 $1,069 $1,330
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 Champaign-Urbana are high compared to the national average. This FMR area is more expensive than 80% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Champaign-Urbana is $836 per month.

The previous year, rent for a two-bedroom home was $849 per month. This is a 1.53% decrease year-over-year.

This FMR rate applies to Allerton, IL, Foosland, IL, Kempton, IL, Milmine, IL, Royal, IL, Bondville, IL, Thawville, IL, Sibley, IL, Ivesdale, IL, Elliott, IL and other cities within the region. The Metro Code or CBSA code for this region is METRO16580M16580.

Additionally, This Fair Market Rent (FMR) area Champaign-Urbana, IL MSA spans three counties or cities in Illinois which ares listed in the table below. Estimated population of Champaign-Urbana, IL MSA FMR area is 231,891 people based on 2010 Census data.

Compared to the rest of Illinois, the Champaign-Urbana FMR area is more expensive than 89% 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 Champaign-Urbana. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Champaign-Urbana

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 $ 727
1-BR 1-Bedroom $ 747
2-BR 2-Bedroom $ 897
3-BR 3-Bedroom $ 1147
4-BR 4-Bedroom $ 1427
Change Year:

The counties, cities, towns, and regions listed below fall into the Champaign-Urbana, IL MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers three metro areas: Chicago, Champaign & Sprngfld - Decatur and Peoria - Bloomington.

County / Region Est. Population
Champaign County, IL Metro 201,081
Ford County, IL Metro 14,081
Piatt County, IL Metro 16,729
Zip Codes in Champaign-Urbana, IL MSA

There are 60 unique zip codes in this Fair Market Rent (FMR) area:

60917, 60918, 60919, 60927, 60929, 60933, 60936, 60941, 60946, 60948, 60949, 60952, 60957, 60959, 60960, 60962, 60968, 61773, 61775, 61801, 61802, 61803, 61810, 61813, 61815, 61816, 61820, 61821, 61822, 61824, 61825, 61826, 61840, 61843, 61845, 61847, 61849, 61851, 61852, 61853, 61854, 61855, 61856, 61859, 61862, 61863, 61864, 61866, 61871, 61872, 61873, 61874, 61875, 61877, 61878, 61880, 61884, 61936, 61953 and 61956

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