Morgan County Fair Market Rent FY 2014 Morgan County, IL Rental Data

Fair Market Rent prices in Morgan County are very low compared to the national average. This FMR area is less expensive than 81% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Morgan County is $651 per month.

The previous year, rent for a two-bedroom home was $628 per month. This is a 3.66% increase year-over-year.

This FMR rate applies to Alexander, IL, Concord, IL, Woodson, IL, Literberry, IL, Chapin, IL, Bluffs, IL, Murrayville, IL, Waverly, IL, Pleasant Plains, IL, Winchester, IL and other cities within the region. The Metro Code or CBSA code for this region is NCNTY17137N17137.

Additionally, This Fair Market Rent (FMR) area Morgan County, IL spans one county or city in Illinois which is listed in the table below. Estimated population of Morgan County, IL FMR area is 35,547 people based on latest Census data.

Compared to the rest of Illinois, the Morgan County FMR area is less expensive than 98% of the state.

Median Rent Prices in Morgan 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.

50^th Percentile Rental Prices: