FY2027 Small Area FMR · Melrose Park, IL

ZIP 60164 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 60164 (Melrose Park, IL) is $1,570 a month, up 12.9% from FY2026. That is 22% below the Chicago-Joliet-Naperville, IL area-wide FMR of $2,011.

2-bedroom SAFMR$1,570per month ▲ 12.9%

Area-wide 2 BR FMR$2,011Chicago-Joliet-Naperville, I

Rank in the area336thof 370 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,413

2 BR Small Area FMR$1,570

110% of SAFMR$1,727

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,310▲ 13.9%

1 BR$1,390▲ 13.0%

2 BR$1,570▲ 12.9%

3 BR$2,020▲ 12.8%

4 BR$2,310▲ 11.6%

FY2027 FY2026

Where 60164 sits in the Chicago-Joliet-Naperville, IL area

Of the 370 ZIP codes HUD lists for the area, 60164 has the 336th highest two-bedroom Small Area FMR. Chicago-Joliet-Naperville, IL is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,413 and $1,727 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,310	$1,179 – $1,441	$1,678	$1,150
1 bedroom	$1,390	$1,251 – $1,529	$1,780	$1,230
2 bedrooms	$1,570	$1,413 – $1,727	$2,011	$1,390
3 bedrooms	$2,020	$1,818 – $2,222	$2,586	$1,790
4 bedrooms	$2,310	$2,079 – $2,541	$2,954	$2,070

A household renting a two-bedroom home at the Small Area FMR of $1,570 needs about $62,800 a year to keep housing costs at 30% of income. The area median family income is $121,500 and the 80% low-income limit for four people is $97,200. ZIP code 60164 lies mainly in Cook County. See the Chicago-Joliet-Naperville, IL metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
60165	Stone Park	1.4 mi	$1,800
60131	Franklin Park	1.7 mi	$1,570
60163	Berkeley	2.0 mi	$1,720
60160	Melrose Park	2.3 mi	$1,640
60126	Elmhurst	2.5 mi	$2,670
60104	Bellwood	2.7 mi	$1,700

Questions

What is the Fair Market Rent for ZIP code 60164?

HUD's FY2027 Small Area Fair Market Rents for 60164 are $1,310 (studio), $1,390 (1 BR), $1,570 (2 BR), $2,020 (3 BR) and $2,310 (4 BR) a month.

What is the Section 8 payment standard in 60164?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 60164 that range is $1,413 to $1,727 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 60164?

The FY2026 income limits of the Chicago-Joliet-Naperville, IL area apply: median family income $121,500, low-income (80%) limit $97,200 for a family of four.