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Fair Market Rent in 61702 — Bloomington, IL
The HUD Fair Market Rent for a 1-bedroom in 61702 (Bloomington, IL) is $1,000/month for FY2026. Limited market trend data is available for this area. Studio: $930. 2-bedroom: $1,300.
Fair Market Rent · 1-Bedroom
$1,000/mo
Source: HUD Fair Market Rent
This area has limited data coverage. For more detailed rent data, see the city-level analysis for Bloomington.
Data through
The HUD Fair Market Rent for a 1-bedroom in 61702 (Bloomington, IL) is $1,000 for FY2026.
Rents in 61702 have increased 19.0% year-over-year based on HUD Fair Market Rent.
The confidence level for this estimate is limited based on 1 data source.
Based on HUD Fair Market Rent, a fair rent increase in Bloomington (61702) is approximately 19.0% for 2026. The typical 1-bedroom rent is $1,000/month. Any increase significantly above 19.0% exceeds the local market trend and may be worth negotiating.
Sources: HUD Fair Market Rent, HUD SAFMR FY2026, Rentcast. Updated October 2025.
What Should Rent Cost in 61702 (Bloomington)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 61702 (Bloomington) typically rents for $930 – $1,070.
Rents above $1,231 are in the top 25% for this area.
A 1-bedroom in 61702 (Bloomington) typically rents for $1,000 – $1,150.
Rents above $1,323 are in the top 25% for this area.
A 2-bedroom in 61702 (Bloomington) typically rents for $1,300 – $1,495.
Rents above $1,719 are in the top 25% for this area.
A 3-bedroom in 61702 (Bloomington) typically rents for $1,710 – $1,966.
Rents above $2,261 are in the top 25% for this area.
A 4-bedroom in 61702 (Bloomington) typically rents for $1,720 – $1,978.
Rents above $2,275 are in the top 25% for this area.
Current Asking Rents in 61702
What are apartments actually renting for near 61702? Click below to see live asking rents from current listings.
Live market data · Updated daily
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Federal Rent Benchmarks for 61702
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Bloomington, IL MSA area, not zip-specific rates.
| Bedroom Size | Fair Market Rent |
|---|---|
| Studio | $930 |
| 1-Bedroom | $1,000 |
| 2-Bedroom | $1,300 |
| 3-Bedroom | $1,710 |
| 4-Bedroom | $1,720 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 61702
What is the average 1-bedroom rent in 61702?
The HUD Fair Market Rent for a 1-bedroom in 61702 (Bloomington, IL) is $1,000/month for FY2026. This page also shows benchmark rents for studios and 2-bedroom apartments in the same area.
What is a fair rent increase in 61702?
A rent increase up to about 19.0% is in line with the recent local market trend in 61702. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 61702?
Rents in 61702 have risen 19.0% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 61702?
On this page, studio rent in 61702 is $930/month and 2-bedroom rent is $1,300/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →