Chicago-Naperville-Elgin, IL-IN
N/A transactions last 30d
9.68%
gross yield
$2,650
Median rent
$337,752
Avg home value
N/A
30d transactions
Market data updated Jul 1, 2026
Illinois Average Rent & Rental Yield
Screen Illinois rental return signals with average asking rent (median), gross rental yield, home value, and transaction activity. Use this page as a market-level starting point before underwriting individual properties, operators, or borrower prospects.
10.24%
Gross Rental Yield
$2,250
Median Rent
$276,687
Avg Home Value
N/A
Transactions (30d)
Average rent in Illinois
The median asking rent in Illinois is $2,250 as of July 2026, based on active rental listings statewide. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $276,687, that rent level prices Illinois at a 10.24% gross rental yield. Rent and yield vary widely by metro — use the metro breakdown below to compare individual Illinois markets.
Rental yield snapshot for Illinois
Gross rental yield is a first-pass market screen. It does not include taxes, insurance, repairs, vacancies, financing, or property-level operating differences. Pair it with observed transaction activity before choosing where to prospect.
N/A
Median Sale Price
N/A
Active Listings
N/A
Avg Days on Market
N/A
Months of Supply
N/A
Price Reduced
Jul 1, 2026
Market Data Date
Metro market heatmap
Featured metros combine the largest Illinois markets by transaction activity with the highest gross-yield markets, so both demand centers and return outliers stay visible in one screen.
Illinois metro market heatmap
Each metro tile shows rent, value, transaction context, and a direct path into the Rental Insights workflow.
Under 5.5%5.5% to <6.5%6.5% to <7.5%7.5%+
St. Louis, MO-IL
N/A transactions last 30d
11.99%
gross yield
$1,400
Median rent
$203,274
Avg home value
N/A
30d transactions
Peoria, IL
N/A transactions last 30d
17.44%
gross yield
$1,300
Median rent
$111,179
Avg home value
N/A
30d transactions
Rockford, IL
N/A transactions last 30d
13.56%
gross yield
$1,600
Median rent
$142,781
Avg home value
N/A
30d transactions
Champaign-Urbana, IL
N/A transactions last 30d
10.94%
gross yield
$1,650
Median rent
$217,383
Avg home value
N/A
30d transactions
Springfield, IL
N/A transactions last 30d
13.48%
gross yield
$1,450
Median rent
$127,043
Avg home value
N/A
30d transactions
Decatur, IL
N/A transactions last 30d
20.04%
gross yield
$1,050
Median rent
$181,916
Avg home value
N/A
30d transactions
Sterling, IL
N/A transactions last 30d
15.01%
gross yield
$1,100
Median rent
$119,445
Avg home value
N/A
30d transactions
Galesburg, IL
N/A transactions last 30d
15.31%
gross yield
$1,050
Median rent
$90,341
Avg home value
N/A
30d transactions
Mount Vernon, IL
N/A transactions last 30d
15.51%
gross yield
$1,395
Median rent
$90,913
Avg home value
N/A
30d transactions
Freeport, IL
N/A transactions last 30d
18.11%
gross yield
$1,300
Median rent
$112,429
Avg home value
N/A
30d transactions
Macomb, IL
N/A transactions last 30d
21.57%
gross yield
$1,086
Median rent
$185,824
Avg home value
N/A
30d transactions
Metro
Gross Yield
Median Rent
Avg Home Value
30d Transactions
Chicago-Naperville-Elgin, IL-IN
IL
9.68%
$2,650
$337,752
N/A
St. Louis, MO-IL
IL
11.99%
$1,400
$203,274
N/A
Peoria, IL
IL
17.44%
$1,300
$111,179
N/A
Rockford, IL
IL
13.56%
$1,600
$142,781
N/A
Champaign-Urbana, IL
IL
10.94%
$1,650
$217,383
N/A
Springfield, IL
IL
13.48%
$1,450
$127,043
N/A
Decatur, IL
IL
20.04%
$1,050
$181,916
N/A
Sterling, IL
IL
15.01%
$1,100
$119,445
N/A
Galesburg, IL
IL
15.31%
$1,050
$90,341
N/A
Mount Vernon, IL
IL
15.51%
$1,395
$90,913
N/A
Freeport, IL
IL
18.11%
$1,300
$112,429
N/A
Macomb, IL
IL
21.57%
$1,086
$185,824
N/A
All Illinois rental markets
Average rent and rental yield reports for every covered Illinois metro (22 markets).
- Bloomington, IL10.82% yield
- Carbondale, IL14.56% yield
- Champaign-Urbana, IL10.94% yield
- Charleston-Mattoon, IL13.62% yield
- Chicago-Naperville-Elgin, IL-IN9.68% yield
- Danville, IL7.33% yield
- Decatur, IL20.04% yield
- Dixon, IL13.05% yield
- Freeport, IL18.11% yield
- Galesburg, IL15.31% yield
- Kankakee, IL12.47% yield
- Lincoln, IL14.07% yield
- Macomb, IL21.57% yield
- Marion-Herrin, IL13.09% yield
- Mount Vernon, IL15.51% yield
- Ottawa, IL13.61% yield
- Peoria, IL17.44% yield
- Quincy, IL-MO12.23% yield
- Rochelle, IL12.04% yield
- Rockford, IL13.56% yield
- Springfield, IL13.48% yield
- Sterling, IL15.01% yield
Turn Illinois rental signals into a target list
Use yield context to prioritize a market, then move into rental listings, active investors, borrower prospects, or a custom data pull for your team.