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RentData.org Logo Morgan County Fair Market Rent FY 2014 Morgan County, IL Rental Data

Fair Market Rent Prices in Morgan County, IL :
$387 $481 $651 $811 $870
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 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 2010 Census data.

Compared to the rest of Illinois, the Morgan County FMR area is less expensive than 97% 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 Morgan County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

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.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 418
1-BR 1-Bedroom $ 520
2-BR 2-Bedroom $ 703
3-BR 3-Bedroom $ 876
4-BR 4-Bedroom $ 939
Change Year:

There is just one county (listed below) within the Morgan County, IL FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Champaign & Sprngfld - Decatur and Quincy - Hannibal - Keokuk.

County / Region Est. Population
Morgan County, IL 35,547
Zip Codes in Morgan County, IL

There are 13 unique zip codes in this Fair Market Rent (FMR) area:

62601, 62621, 62628, 62631, 62650, 62651, 62660, 62668, 62670, 62677, 62692, 62694 and 62695

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