Fair Market Rents
The City of Evanston uses HUD Fair Market Rents to define affordable rents in its CDBG Housing Rehabilitation Program. At completion of the rehab work, rents charged to tenants must be at or below the HUD Fair Market Rents currently in effect.
Fair Market rents for the Chicago metro area for 2012 are as follows:
| Final FY 2012 FMRs By Unit Bedrooms | |||||
|---|---|---|---|---|---|
| Efficiency |
One Bedroom |
Two Bedroom |
Three Bedroom |
Four Bedroom |
|
| Final FY 2012 FMR | $745 | $853 | $958 | $1,1171 | $1,323 |
More information is available on the HUD website.