Vance County, IL Fair Market Rent
2026 HUD Fair Market Rents for Vance County, IL. Population: 21,345. Median household income: $58,429/year.
Fair Market Rent by Bedroom Size
Studio$647/mo
1 Bedroom$820/mo
2 Bedroom$997/mo
3 Bedroom$1,288/mo
4 Bedroom$1,474/mo
Rent Affordability Analysis
Median Income
$58,429/yr
Affordable Rent (30% Rule)
$1,461/mo
Rent Burden
20.5%
Income Needed to Rent
| Unit Size | Monthly FMR | Annual Rent | Income Needed (30% Rule) |
|---|---|---|---|
| Studio | $647 | $7,764 | $25,880/yr |
| 1 Bedroom | $820 | $9,840 | $32,800/yr |
| 2 Bedroom | $997 | $11,964 | $39,880/yr |
| 3 Bedroom | $1,288 | $15,456 | $51,520/yr |
| 4 Bedroom | $1,474 | $17,688 | $58,960/yr |
Frequently Asked Questions
What is the fair market rent in Vance County, IL?
The 2026 HUD Fair Market Rent for a 2-bedroom in Vance County is $997/month. Studio: $647, 1BR: $820, 3BR: $1,288, 4BR: $1,474.
What is the rent burden in Vance County?
Rent burden in Vance County is 20.5% of median household income ($58,429/year). The HUD considers 30% or more cost-burdened.
How much income do you need to rent in Vance County?
To afford a 2-bedroom at $997/month using the 30% rule, you need an annual income of at least $39,880.
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