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Section 8 rent in Kankakee, IL

FY2025 HUD Small Area Fair Market Rents for the Kankakee, IL MSA, covering 21 ZIP codes.

$1,220Avg 2BR FMR / mo
$1,341Avg 2BR at 110% Standard
21ZIP Codes

Fair market rent by bedroom count

Base SAFMR across all ZIP codes in this market. Housing authorities may set payment standards between 90% and 110% of these rates.

BedroomsLowest ZIPAverageHighest ZIPAvg 110% Standard
Studio$720$866$1,150$952
1 Bedroom$800$955$1,230$1,050
2 Bedrooms$1,050$1,220$1,490$1,341
3 Bedrooms$1,420$1,610$1,970$1,772
4 Bedrooms$1,460$1,670$2,090$1,836

Small multifamily Section 8 income

Estimated gross monthly and annual rent for 2-to-4 unit properties, assuming every unit is rented to Section 8 at this market's average fair market rent. Small multifamily is a favorite for long-term buy-and-hold investors stacking stable voucher income across multiple doors.

Property TypeUnit MixGross Monthly RentGross Annual Rent
Duplex2 × 2BR$2,440$29,280
Triplex3 × 2BR$3,660$43,920
Fourplex4 × 2BR$4,880$58,560
Fourplex4 × 3BR$6,440$77,280

Gross scheduled rent before vacancy, maintenance and management. Run any Illinois multifamily listing through RealG to model it against real operating costs, or try the rental property calculator.

Highest-paying ZIP codes

Top 15 of 21 ZIP codes in this market, ranked by 2-bedroom SAFMR.

ZIP Code1BR2BR3BR4BR
60961 $1,130 $1,490 $1,970 $1,970
60914 $1,070 $1,400 $1,850 $1,860
60401 $1,230 $1,390 $1,780 $2,090
60935 $1,040 $1,360 $1,800 $1,810
60424 $1,030 $1,350 $1,790 $1,790
60940 $1,010 $1,320 $1,750 $1,750
60468 $1,160 $1,310 $1,680 $1,970
60915 $990 $1,300 $1,720 $1,730
60481 $1,130 $1,280 $1,640 $1,930
60913 $950 $1,210 $1,600 $1,650
60941 $890 $1,170 $1,550 $1,550
60950 $890 $1,170 $1,550 $1,560
60901 $870 $1,140 $1,510 $1,510
60910 $860 $1,130 $1,490 $1,500
60919 $860 $1,120 $1,530 $1,540

Quick cash flow check

Free Tool

Estimate monthly cash flow renting to Section 8 at this market's average fair market rent.

Section 8 rent (avg FMR)—
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30-year fixed. Taxes and insurance estimated at 1.5% and 0.5% of price per year. Before vacancy, maintenance and management. For a full itemized analysis, run this market in RealG.

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Frequently asked questions

How much does Section 8 pay for a 2-bedroom in Kankakee, IL?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the Kankakee, IL MSA is $1,220 per month, ranging from $1,050 to $1,490 depending on ZIP code. Local housing authorities may set payment standards between 90% and 110% of these rates, so the average 2-bedroom payment standard can reach $1,341.
What is a Small Area Fair Market Rent (SAFMR)?
SAFMRs are fair market rents that HUD publishes at the ZIP code level instead of one rate for a whole metro area. They reflect what modest rental housing actually costs in each ZIP, which means higher payment standards in more expensive neighborhoods. Housing choice voucher payments in this market are based on these rates.
Why do rents vary so much between ZIP codes here?
In Kankakee, IL, 2-bedroom SAFMRs run from $1,050 to $1,490 per month. HUD sets each ZIP's rate from local rent data, so neighborhoods with stronger rental markets get higher voucher payment standards. For investors, the spread matters: the same house price can produce very different Section 8 rents a few ZIP codes apart.
How do I find Section 8 investment properties in Illinois?
RealG searches live listings across Illinois, runs Section 8 numbers on every property using these HUD rates, and grades each deal A through D against your buying criteria. You can start free with no credit card and see graded deals in this market in minutes.

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