2026–27 Section 8 Rent Limits for 60423
Frankfort, IL • Will County • Source: SAFMR
Housing authority: Housing Authority of Joliet — see how its payment standards relate to these figures.
How much will Section 8 pay for rent in 60423?
HUD's FY2027 Small Area Fair Market Rents for 60423 (Frankfort, IL), effective October 1, 2026, are $1,720 for a studio, $1,820 for 1 bedroom, $2,060 for 2 bedrooms, $2,650 for 3 bedrooms and $3,030 for 4 bedrooms a month. These are gross rents: rent plus any utilities the tenant pays.
Your housing authority turns these into its payment standard — the most the voucher counts toward rent — normally between 90% and 110% of HUD's figure, so about $1,854–$2,266 for a 2-bedroom here. Moving to Work agencies can set theirs outside that range. You usually pay about 30% of your adjusted income plus any amount the gross rent is above the payment standard, and at move-in your share can't exceed 40% of adjusted monthly income. Confirm the amount with your housing authority.
Cook County Housing Authority's published payment standards for 60423, effective January 1, 2025: $1,530 for a studio, $1,640 for 1 bedroom, $1,860 for 2 bedrooms, $2,385 for 3 bedrooms and $2,800 for 4 bedrooms. These are Cook County Housing Authority's own figures, from its schedule, and apply to vouchers it administers; other housing authorities set their own. HACC Payment Standards, effective January 1, 2025 (PDF) · All Cook County Housing Authority ZIPs
Voucher amounts nationwide by unit size: Studio · 1 Bedroom · 2 Bedroom · 3 Bedroom · 4 Bedroom
Do you qualify? See the Will County income limits for Section 8.
Related ZIP Codes in Frankfort
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