Kankakee Fair Market Rent FY 2020 Kankakee, IL MSA Rental Data

Fair Market Rent prices in Kankakee are high compared to the national average. This FMR area is more expensive than 82% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Kankakee is $912 per month.

The previous year, rent for a two-bedroom home was $892 per month. This is a 2.24% increase year-over-year.

This FMR rate applies to Pembroke Township, IL, Hopkins Park, IL, Union Hill, IL, Aroma Park, IL, Essex, IL, Bonfield, IL, Grant Park, IL, Peotone, IL, Momence, IL, Beecher, IL and other cities within the region. The Metro Code or CBSA code for this region is METRO28100M28100.

Additionally, This Fair Market Rent (FMR) area Kankakee, IL MSA spans one county or city in Illinois which is listed in the table below. Estimated population of Kankakee, IL MSA FMR area is 110,800 people based on latest Census data.

Compared to the rest of Illinois, the Kankakee FMR area is more expensive than 92% of the state.

Median Rent Prices in Kankakee

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.

50^th Percentile Rental Prices: