Section 8 — Peoria, IL FMR

Section 8 rents
in peoria.

HUD Fair Market Rents for every one of the 70 ZIP codes in the Peoria area (FY2026). The median 2-bedroom runs $1,040/mo and the median 3-bedroom $1,350/mo — with 3-bedroom rents spanning $1,190 to $1,910/mo depending on the ZIP. This is part of Illinois Section 8 rents.

Area median

FMR by bedroom.

Median Fair Market Rent across all Peoria ZIPs, by unit size (FY2026).
bedroomsmedian FMR / mo
studio / 0 BR$760
1 BR$820
2 BR$1,040
3 BR$1,350
4 BR$1,450

3-bedroom FMR ranges from $1,190 to $1,910/mo across Peoria's 70 ZIP codes — Small Area FMRs vary widely within a single metro.

Every ZIP

FMR by ZIP code.

2-bedroom and 3-bedroom Fair Market Rent for every ZIP in the Peoria area. Need one number fast? Check any ZIP instantly.

All 70 ZIPs, sorted.

ZIP2 BR3 BR
61369$920$1,190
61375$920$1,190
61424$920$1,190
61426$960$1,230
61451$960$1,250
61479$940$1,220
61483$920$1,190
61491$920$1,190
61516$1,060$1,370
61517$990$1,280
61523$1,030$1,330
61525$1,420$1,840
61526$1,120$1,450
61528$1,180$1,540
61530$970$1,260
61535$1,020$1,330
61536$990$1,280
61539$920$1,200
61540$970$1,260
61541$1,180$1,530
61545$1,100$1,420
61547$920$1,190
61548$1,240$1,610
61550$1,140$1,480
61552$1,110$1,430
61554$960$1,240
61555$1,000$1,300
61559$1,100$1,420
61561$1,120$1,450
61562$1,030$1,330
61564$920$1,190
61565$920$1,190
61568$1,030$1,330
61570$980$1,270
61571$1,100$1,420
61601$1,060$1,370
61602$1,220$1,580
61603$1,110$1,440
61604$1,050$1,360
61605$970$1,260
61606$1,010$1,310
61607$1,090$1,410
61610$920$1,190
61611$1,000$1,300
61612$1,060$1,370
61613$1,060$1,370
61614$1,030$1,330
61615$1,200$1,550
61616$1,020$1,320
61625$1,010$1,310
61630$1,060$1,370
61651$1,060$1,370
61652$1,060$1,370
61653$1,060$1,370
61654$1,060$1,370
61655$1,060$1,370
61656$1,060$1,370
61725$1,220$1,590
61729$1,060$1,380
61732$1,450$1,910
61733$1,250$1,620
61734$970$1,260
61738$1,040$1,350
61742$1,200$1,550
61747$1,000$1,300
61748$980$1,290
61755$1,040$1,350
61759$980$1,290
61771$1,060$1,370
61774$1,420$1,870

SAFMR = ZIP-level variation. HUD sets Small Area Fair Market Rents by ZIP in this metro, so two homes in the same city can carry very different voucher ceilings.

The underwriting

The DSCR math at peoria's median rent.

A worked example — assumptions stated, not hidden. Run your exact numbers in the calculator.

At the median 3-bedroom Section 8 rent of $1,350/mo, the maximum PITIA that still clears a 1.20 DSCR is $1,125/mo. Assuming ~25% of that payment goes to property taxes and insurance, the maximum principal & interest is $844/mo — which supports roughly a $127,000 loan at 7% over 30 years, or about a $169,000 purchase at 75% LTV.

median 3 BR rent$1,350/mo
max PITIA @ 1.20 DSCR$1,125/mo
max P&I (~75% of PITIA)$844/mo
supported loan (7% / 30yr)$127,000
implied price (75% LTV)$169,000

Assumptions: 1.20 DSCR floor, ~25% of PITIA for taxes + insurance, 7.0% 30-year fixed, 75% LTV. Your taxes, insurance, rate, and LTV will differ — run your exact numbers in the DSCR calculator.

FAQ

Peoria Section 8, answered.

The questions investors ask before underwriting a Peoria voucher deal.
Peoria FMR —
What is the 3-bedroom Section 8 rent in Peoria?
The median 3-bedroom Fair Market Rent in the Peoria area is $1,350/mo (FY2026). Under HUD's Small Area FMR schedule it ranges from $1,190 to $1,910/mo depending on the ZIP code — see the full ZIP table above.
Peoria FMR —
Why do Section 8 rents differ between ZIP codes in Peoria?
HUD publishes Small Area Fair Market Rents (SAFMRs) by ZIP code in most large metros, including Peoria. Instead of one metro-wide number, each ZIP gets its own rent ceiling based on local market rents — so two homes in the same city can carry very different voucher amounts. The 3-bedroom range here spans $1,190 to $1,910/mo across the 70 ZIPs in this area.
Peoria FMR —
Does a voucher pay the exact ZIP Fair Market Rent in Peoria?
Not exactly. The FMR is the starting point — the local public housing authority sets its voucher payment standard at 90–110% of the ZIP's FMR, and every unit still has to pass a rent reasonableness test against comparable local rentals before the lease is approved. Treat the ZIP FMR as the ceiling, not a guaranteed payment.
Live · all 50 states

FMR on every peoria listing.

Verleon AI overlays HUD Fair Market Rents on every active listing in Peoria — and all 50 states — so you see the Section 8 ceiling and DSCR before you make an offer. Back to Illinois Section 8 rents or the all-states hub.

Data source: HUD FY2026 Fair Market Rents (Small Area FMRs where published), snapshot 2026-07-24. Payment standards vary by public housing authority (typically 90–110% of FMR). Figures are for research and do not guarantee approved rent on any specific unit.

Not investment advice. Verleon AI provides analytical tooling for real-estate professionals. Underwriting outputs (DSCR, cap rate, Section 8 FMR estimates, scores) are modeled from public and licensed data and are not a substitute for independent due diligence, legal counsel, lender pre-approval, or licensed appraisal. Past performance is not indicative of future results.