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RentData.org Logo Rockford Fair Market Rent FY 2020 Rockford, IL MSA Rental Data

Fair Market Rent Prices in Rockford, IL :
$540 $629 $828 $1,122 $1,222
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 73% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Rockford is $828 per month.

The previous year, rent for a two-bedroom home was $800 per month. This is a 3.5% increase year-over-year.

This FMR rate applies to Seward, IL, Shirland, IL, Garden Prairie, IL, Capron, IL, Durand, IL, Kingston, IL, Kirkland, IL, Caledonia, IL, Cherry Valley, IL, Winnebago, 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 two counties or cities in Illinois which ares listed in the table below. Estimated population of Rockford, IL MSA FMR area is 0 people based on 2000 Census data.

Compared to the rest of Illinois, the Rockford FMR area is more expensive than 87% 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 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 $ 577
1-BR 1-Bedroom $ 673
2-BR 2-Bedroom $ 886
3-BR 3-Bedroom $ 1201
4-BR 4-Bedroom $ 1308
Change Year:

The counties, cities, towns, and regions listed below fall into the Rockford, IL MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Chicago and Rockford.

County / Region Est. Population
Boone County, IL Metro 0
Winnebago County, IL Metro 0
Zip Codes in Rockford, IL MSA

There are 34 unique zip codes in this Fair Market Rent (FMR) area:

60033, 60135, 60145, 60146, 60152, 61008, 61011, 61012, 61016, 61024, 61038, 61065, 61072, 61073, 61077, 61079, 61080, 61088, 61101, 61103, 61104, 61105, 61107, 61108, 61110, 61111, 61112, 61114, 61115, 61125, 61126, 61130, 61131 and 61132

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