Boone County, IL

2024 Fair Market Rents

Tags: 2024 Rockford, IL MSA

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Return to the state page to see where Illinois ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Boone County are Belvidere, Rockford, Loves Park, and Roscoe. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Boone County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Boone County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Boone County compare?

Boone County ($1,031) has a 7.6% higher FMR for 2-Bedroom housing than the average of Illinois ($958) and therefore a higher gross rent.

Boone County is rank 22nd out of 102 counties. This means the FMRs, or in other words, the gross rent is higher than 80 other counties. Boone County is the 22nd most expensive county in terms of FMRs.

Rent Tables Boone County, IL

Fair Market Rent (40th Percentile)

$699
studio
$785
1-Bedroom
$1,031
2-Bedroom
$1,380
3-Bedroom
$1,423
4-Bedroom

Median Rent (50th Percentile)

$746
studio
$837
1-Bedroom
$1,100
2-Bedroom
$1,472
3-Bedroom
$1,519
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
60033 $1,160 $1,250 $1,420 $1,810 $2,140
60135 $890 $1,010 $1,320 $1,860 $2,240
60152 $1,080 $1,160 $1,320 $1,680 $1,990
61012 $730 $820 $1,080 $1,450 $1,490
61038 $880 $970 $1,200 $1,570 $1,750
60135 $890 $1,010 $1,320 $1,860 $2,240
60145 $870 $980 $1,280 $1,800 $2,170
60146 $850 $960 $1,260 $1,770 $2,120
60152 $1,080 $1,160 $1,320 $1,680 $1,990
60033 $1,160 $1,250 $1,420 $1,810 $2,140
60135 $890 $1,010 $1,320 $1,860 $2,240
60145 $870 $980 $1,280 $1,800 $2,170
60146 $850 $960 $1,260 $1,770 $2,120
60152 $1,080 $1,160 $1,320 $1,680 $1,990
61008 $730 $810 $1,070 $1,430 $1,480
61011 $1,050 $1,180 $1,550 $2,070 $2,140
61012 $730 $820 $1,080 $1,450 $1,490
61016 $630 $710 $930 $1,240 $1,280
61038 $880 $970 $1,200 $1,570 $1,750
61065 $1,050 $1,180 $1,550 $2,070 $2,140
61073 $930 $1,040 $1,370 $1,830 $1,890
61080 $660 $740 $970 $1,300 $1,340
61107 $710 $800 $1,050 $1,410 $1,450
61108 $710 $800 $1,050 $1,410 $1,450
61111 $730 $810 $1,070 $1,430 $1,480
61114 $850 $950 $1,250 $1,670 $1,730
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
60033 $1,044 $1,125 $1,278 $1,629 $1,926
60135 $801 $909 $1,188 $1,674 $2,016
60152 $972 $1,044 $1,188 $1,512 $1,791
61012 $657 $738 $972 $1,305 $1,341
61038 $792 $873 $1,080 $1,413 $1,575
60135 $801 $909 $1,188 $1,674 $2,016
60145 $783 $882 $1,152 $1,620 $1,953
60146 $765 $864 $1,134 $1,593 $1,908
60152 $972 $1,044 $1,188 $1,512 $1,791
60033 $1,044 $1,125 $1,278 $1,629 $1,926
60135 $801 $909 $1,188 $1,674 $2,016
60145 $783 $882 $1,152 $1,620 $1,953
60146 $765 $864 $1,134 $1,593 $1,908
60152 $972 $1,044 $1,188 $1,512 $1,791
61008 $657 $729 $963 $1,287 $1,332
61011 $945 $1,062 $1,395 $1,863 $1,926
61012 $657 $738 $972 $1,305 $1,341
61016 $567 $639 $837 $1,116 $1,152
61038 $792 $873 $1,080 $1,413 $1,575
61065 $945 $1,062 $1,395 $1,863 $1,926
61073 $837 $936 $1,233 $1,647 $1,701
61080 $594 $666 $873 $1,170 $1,206
61107 $639 $720 $945 $1,269 $1,305
61108 $639 $720 $945 $1,269 $1,305
61111 $657 $729 $963 $1,287 $1,332
61114 $765 $855 $1,125 $1,503 $1,557
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
60033 $1,276 $1,375 $1,562 $1,991 $2,354
60135 $979 $1,111 $1,452 $2,046 $2,464
60152 $1,188 $1,276 $1,452 $1,848 $2,189
61012 $803 $902 $1,188 $1,595 $1,639
61038 $968 $1,067 $1,320 $1,727 $1,925
60135 $979 $1,111 $1,452 $2,046 $2,464
60145 $957 $1,078 $1,408 $1,980 $2,387
60146 $935 $1,056 $1,386 $1,947 $2,332
60152 $1,188 $1,276 $1,452 $1,848 $2,189
60033 $1,276 $1,375 $1,562 $1,991 $2,354
60135 $979 $1,111 $1,452 $2,046 $2,464
60145 $957 $1,078 $1,408 $1,980 $2,387
60146 $935 $1,056 $1,386 $1,947 $2,332
60152 $1,188 $1,276 $1,452 $1,848 $2,189
61008 $803 $891 $1,177 $1,573 $1,628
61011 $1,155 $1,298 $1,705 $2,277 $2,354
61012 $803 $902 $1,188 $1,595 $1,639
61016 $693 $781 $1,023 $1,364 $1,408
61038 $968 $1,067 $1,320 $1,727 $1,925
61065 $1,155 $1,298 $1,705 $2,277 $2,354
61073 $1,023 $1,144 $1,507 $2,013 $2,079
61080 $726 $814 $1,067 $1,430 $1,474
61107 $781 $880 $1,155 $1,551 $1,595
61108 $781 $880 $1,155 $1,551 $1,595
61111 $803 $891 $1,177 $1,573 $1,628
61114 $935 $1,045 $1,375 $1,837 $1,903

Fair Market Rents on this page apply to the following cities in Boone County, Illinois: Belvidere, Rockford, Loves Park, Roscoe, Harvard, Marengo, Poplar Grove, South Beloit, Genoa, Cherry Valley, Caledonia, Kirkland, Kingston, Capron, and Garden Prairie.

These Fair Market Rents also apply to the following ZIP codes in Boone County, Illinois: 61008, 61107, 61108, 61111, 61073, 61114, 60033, 60152, 61065, 61080, 60135, 61016, 61011, 60146, 60145, 61012, and 61038.

Boone County, IL is considered part of the following metro FMR area: ROCKFORD, IL MSA.

Other counties in the same metro FMR area are: Winnebago County, IL.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.