Fair Market Rents: Madison County, IL (FY2026)
HUD's FY2026 Fair Market Rents for Madison County set the ceiling for what Housing Choice Vouchers pay locally. FMR equals the estimated 40th-percentile gross rent — shelter plus utilities — for modest, non-luxury units.
| Unit size | FY2026 FMR | IL median* |
|---|---|---|
| Studio (0-BR) | $955/mo | $694 (+38%) |
| 1 Bedroom | $995/mo | $789 (+26%) |
| 2 Bedrooms | $1,218/mo | $954 (+28%) |
| 3 Bedrooms | $1,568/mo | $1,271 (+23%) |
| 4+ Bedrooms | $1,812/mo | $1,449 (+25%) |
*Median across all FMR-publishing counties in IL. Source: HUD FY2026 FMR schedule.
Using FMR as a voucher holder in Madison County
- Your housing authority sets payment standards per bedroom, typically 90–110% of these figures. How payment standards work →
- You may rent above the standard by paying the difference, subject to a 40%-of-income cap at lease-up.
- In high-cost pockets, ask about exception standards or Small Area FMRs by ZIP code.
Subsidized housing in Madison County
We track 54 assisted properties countywide:
| City | Properties | Assisted units |
|---|---|---|
| Alton | 17 | 1,016 |
| Collinsville | 4 | 264 |
| Granite City | 13 | 781 |
| Highland | 4 | 144 |
| Madison | 7 | 108 |
| Venice | 4 | 195 |
| Wood River | 3 | 146 |