Average Rent in Grundy County, IL
The Fair Market Rent for a 2-bedroom in Grundy County, IL is $1,459 per month, based on HUD data. With a median household income of $88,850, a household would spend 19.7% of income on housing at Fair Market Rent. Rent has decreased 2.1% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,032 |
| 1 Bedroom | $1,118 |
| 2 Bedroom | $1,459 |
| 3 Bedroom | $1,979 |
| 4 Bedroom | $2,203 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $88,850 |
| Rent Burden (2BR FMR / Income) | 19.7% |
| Income Needed for 2BR (30% rule) | $58,360/yr |