FY2027 Small Area FMR · Crestwood, IL

ZIP 60418 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 60418 (Crestwood, IL) is $1,780 a month, up 13.4% from FY2026. That is 11% below the Chicago-Joliet-Naperville, IL area-wide FMR of $2,011.

2-bedroom SAFMR$1,780per month ▲ 13.4%

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

Rank in the area280thof 370 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,602

2 BR Small Area FMR$1,780

110% of SAFMR$1,958

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

Studio$1,490▲ 14.6%

1 BR$1,580▲ 13.7%

2 BR$1,780▲ 13.4%

3 BR$2,290▲ 13.4%

4 BR$2,610▲ 11.5%

FY2027 FY2026

Where 60418 sits in the Chicago-Joliet-Naperville, IL area

Of the 370 ZIP codes HUD lists for the area, 60418 has the 280th 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 $1,602 and $1,958 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,490	$1,341 – $1,639	$1,678	$1,300
1 bedroom	$1,580	$1,422 – $1,738	$1,780	$1,390
2 bedrooms	$1,780	$1,602 – $1,958	$2,011	$1,570
3 bedrooms	$2,290	$2,061 – $2,519	$2,586	$2,020
4 bedrooms	$2,610	$2,349 – $2,871	$2,954	$2,340

A household renting a two-bedroom home at the Small Area FMR of $1,780 needs about $71,200 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 60418 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
60445	Midlothian	0.8 mi	$1,630
60472	Robbins	1.7 mi	$2,030
60803	Alsip	2.1 mi	$1,560
60452	Oak Forest	2.7 mi	$1,820
60463	Palos Heights	2.8 mi	$2,620
60469	Posen	3.0 mi	$1,910

Questions

What is the Fair Market Rent for ZIP code 60418?

HUD's FY2027 Small Area Fair Market Rents for 60418 are $1,490 (studio), $1,580 (1 BR), $1,780 (2 BR), $2,290 (3 BR) and $2,610 (4 BR) a month.

What is the Section 8 payment standard in 60418?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 60418 that range is $1,602 to $1,958 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 60418?

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.