FY2027 Small Area FMR · Rantoul, IL

ZIP 61866 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 61866 (Rantoul, IL) is $1,030 a month, up 2.0% from FY2026. That is 12% below the Champaign-Urbana, IL area-wide FMR of $1,173.

2-bedroom SAFMR$1,030per month ▲ 2.0%

Area-wide 2 BR FMR$1,173Champaign-Urbana, IL

Rank in the area38thof 54 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

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

Studio$860▲ 1.2%

1 BR$870▲ 2.4%

2 BR$1,030▲ 2.0%

3 BR$1,300▲ 0.8%

4 BR$1,350▲ 0.7%

FY2027 FY2026

Where 61866 sits in the Champaign-Urbana, IL area

Of the 54 ZIP codes HUD lists for the area, 61866 has the 38th highest two-bedroom Small Area FMR. Champaign-Urbana, IL is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,173 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,030 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$860	$774 – $946	$983	$850
1 bedroom	$870	$783 – $957	$996	$850
2 bedrooms	$1,030	$927 – $1,133	$1,173	$1,010
3 bedrooms	$1,300	$1,170 – $1,430	$1,474	$1,290
4 bedrooms	$1,350	$1,215 – $1,485	$1,542	$1,340

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 a year to keep housing costs at 30% of income. The area median family income is $114,300 and the 80% low-income limit for four people is $88,700. ZIP code 61866 lies mainly in Champaign County. See the Champaign-Urbana, IL metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
61878	Thomasboro	4.9 mi	$1,010
60949	Ludlow	5.2 mi	$1,180
61847	Gifford	7.6 mi	$1,010
61840	Dewey	7.7 mi	$1,190
60957	Paxton	9.1 mi	$1,030
61862	Penfield	10.3 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 61866?

HUD's FY2027 Small Area Fair Market Rents for 61866 are $860 (studio), $870 (1 BR), $1,030 (2 BR), $1,300 (3 BR) and $1,350 (4 BR) a month.

What is the Section 8 payment standard in 61866?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 61866 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 61866?

The FY2026 income limits of the Champaign-Urbana, IL area apply: median family income $114,300, low-income (80%) limit $88,700 for a family of four.