Mercer County, IL Fair Market Rent
2026 HUD Fair Market Rents for Mercer County, IL. Population: 59,657. Median household income: $64,333/year.
Fair Market Rent by Bedroom Size
Studio$620/mo
1 Bedroom$753/mo
2 Bedroom$959/mo
3 Bedroom$1,128/mo
4 Bedroom$1,337/mo
Rent Affordability Analysis
Median Income
$64,333/yr
Affordable Rent (30% Rule)
$1,608/mo
Rent Burden
17.9%
Income Needed to Rent
| Unit Size | Monthly FMR | Annual Rent | Income Needed (30% Rule) |
|---|---|---|---|
| Studio | $620 | $7,440 | $24,800/yr |
| 1 Bedroom | $753 | $9,036 | $30,120/yr |
| 2 Bedroom | $959 | $11,508 | $38,360/yr |
| 3 Bedroom | $1,128 | $13,536 | $45,120/yr |
| 4 Bedroom | $1,337 | $16,044 | $53,480/yr |
Frequently Asked Questions
What is the fair market rent in Mercer County, IL?
The 2026 HUD Fair Market Rent for a 2-bedroom in Mercer County is $959/month. Studio: $620, 1BR: $753, 3BR: $1,128, 4BR: $1,337.
What is the rent burden in Mercer County?
Rent burden in Mercer County is 17.9% of median household income ($64,333/year). The HUD considers 30% or more cost-burdened.
How much income do you need to rent in Mercer County?
To afford a 2-bedroom at $959/month using the 30% rule, you need an annual income of at least $38,360.
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