Rockford, IL

Rockford, IL Rental Market Data (2026)

By TrueCap · built by a Philadelphia rental investor

HUD Fair Market Rent (FY2026) for the Rockford, IL MSA, the HUD area that includes Winnebago County, IL: $1,175 a month for a 2-bedroom unit and $1,555 for a 3-bedroom unit. Fair Market Rent is HUD's estimate of the 40th-percentile gross rent for standard-quality rental units in an area, used to determine payment standard amounts for the Housing Choice Voucher program: a percentile, not an average of current asking rents (HUD). At a stated $265,000 price with the 3-bedroom FMR as a placeholder rent, TrueCap's sample underwrite below comes to −$596/mo cash flow, a 3.8% cap rate, and a 0.62 DSCR. A specific Rockford property runs on its own price, rent, tax bill, and insurance.

Rockford HUD Fair Market Rent (FY2026)

HUD Fair Market Rent (FY2026) for the Rockford, IL MSA, the HUD area that includes Winnebago County, IL. It is an area benchmark, not what a specific unit rents for: compare it with current leases for the address. HUD's FY2026 page for this area shows every bedroom size.

HUD Fair Market Rent (FY2026) by bedroom count, Rockford, IL MSA
Bedrooms	FY2025 / month	FY2026 / month
2 bedrooms	$1,181	$1,175
3 bedrooms	$1,561	$1,555

What the HUD FMR pencils to

Sample underwrite at a stated $265,000 price with the HUD 3-bedroom FMR as a placeholder rent — not a listing. TrueCap ran its sample deal with $1,555/mo of rent and every other assumption unchanged.

Monthly cash flow: −$596/mo
Cap rate: 3.8%
DSCR: 0.62

Assumptions: $265,000 price, $1,555/mo rent (HUD FMR, 3 bedrooms), 20% down, 6.6% rate, 30-year loan, 3% closing costs, 1.49% property tax, 0.5% insurance, 5% vacancy, 8% management, 5% maintenance, 5% CapEx reserve. Change any of them in the analyzer and the numbers move with you.

Rockford rental data: common questions

What is HUD's Fair Market Rent for Rockford, IL in FY2026?

HUD's FY2026 Fair Market Rent for the Rockford, IL MSA, the HUD area that includes Winnebago County, IL, is $1,175 a month for a 2-bedroom unit and $1,555 for a 3-bedroom unit.

Source: HUD FY2026 Fair Market Rent documentation: Rockford, IL MSA, retrieved September 28, 2026

How did Rockford's HUD Fair Market Rent change from FY2025 to FY2026?

For the Rockford, IL MSA, the 2-bedroom figure went from $1,181 in FY2025 to $1,175 in FY2026 (−$6, −0.5%), and the 3-bedroom figure went from $1,561 in FY2025 to $1,555 in FY2026 (−$6, −0.4%).

Source: HUD FY2026 Fair Market Rent documentation: Rockford, IL MSA, retrieved September 28, 2026

What do 12 months of HUD Fair Market Rent come to in Rockford?

At HUD's FY2026 Fair Market Rent for the Rockford, IL MSA, 12 months come to $14,100 for a 2-bedroom unit and $18,660 for a 3-bedroom unit.

Source: HUD FY2026 Fair Market Rent documentation: Rockford, IL MSA, retrieved September 28, 2026

Sources & methodology

Data as of HUD FY2026 (retrieved July 13, 2026).

HUD figures come from HUD's published tables for the area. The sample underwrite runs TrueCap's sample deal through the analyzer's own math.

HUD FY2026 Fair Market Rent documentation: Rockford, IL MSA, retrieved September 28, 2026
HUD Fair Market Rents: definition and uses (huduser.gov), retrieved September 27, 2026

Reviewed by the TrueCap team. See our full methodology.

Three things to verify locally

Property tax bill. Pull the parcel's current bill from the county assessor or treasurer, and check whether a sale changes the assessment. The sample above uses 1.49% of price; enter the Rockford bill instead.
Rental licensing and permits. Check whether Rockford requires a rental license, registration, inspection, or certificate of occupancy for the address, and budget any fees before you close.
Insurance quotes. Get a written landlord-policy quote for the specific property, with wind, hail, or flood coverage where the property needs it, and enter that premium instead of a default.

For Illinois data, see the Illinois guide.

The terms behind the numbers

Cap Rate DSCR (Debt Service Coverage Ratio)Cash-on-Cash Return