Mount Vernon, IL Average Rent & Rental Yield
Compare average asking rent (median), gross rental yield, home value, and transaction activity before moving into listing-level underwriting or investor discovery.
Average rent in Mount Vernon, IL
The median asking rent in Mount Vernon, IL is $1,395 as of June 2026, based on active rental listings across the metro. 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 $90,913, that rent level prices Mount Vernon, IL at a 15.51% gross rental yield — compared with 10.24% across Illinois.
Metro vs state rental signal
The metro read is a first-pass screen. Compare it with the state baseline, then pressure-test taxes, insurance, vacancy, rehab, and financing assumptions at the property level.
Mount Vernon, IL rent and rental yield comparison
The current Mount Vernon, IL baseline is $1,395 median asking rent and 15.51% gross rental yield. Compare rent, yield, and home values with selected Illinois metros, then open a public report or Rental Insights for property-level follow-up.
Chicago-Naperville-Elgin, IL-IN
Chicago-Naperville-Elgin, IL-IN median asking rent is $2,650, $1,255 (90%) higher than the $1,395 median asking rent in Mount Vernon, IL.
- Median rent
- $2,650
- Gross yield
- 9.68%
- Avg home value
- $337,752
St. Louis, MO-IL
St. Louis, MO-IL median asking rent is $1,400, $5 (0.4%) higher than the $1,395 median asking rent in Mount Vernon, IL.
- Median rent
- $1,400
- Gross yield
- 11.99%
- Avg home value
- $203,274
Peoria, IL
Peoria, IL median asking rent is $1,300, $95 (6.8%) lower than the $1,395 median asking rent in Mount Vernon, IL.
- Median rent
- $1,300
- Gross yield
- 17.44%
- Avg home value
- $111,179
Rockford, IL
Rockford, IL median asking rent is $1,600, $205 (14.7%) higher than the $1,395 median asking rent in Mount Vernon, IL.
- Median rent
- $1,600
- Gross yield
- 13.56%
- Avg home value
- $142,781
Decatur, IL
Decatur, IL median asking rent is $1,050, $345 (24.7%) lower than the $1,395 median asking rent in Mount Vernon, IL.
- Median rent
- $1,050
- Gross yield
- 20.04%
- Avg home value
- $181,916
Galesburg, IL
Galesburg, IL median asking rent is $1,050, $345 (24.7%) lower than the $1,395 median asking rent in Mount Vernon, IL.
- Median rent
- $1,050
- Gross yield
- 15.31%
- Avg home value
- $90,341
Freeport, IL
Freeport, IL median asking rent is $1,300, $95 (6.8%) lower than the $1,395 median asking rent in Mount Vernon, IL.
- Median rent
- $1,300
- Gross yield
- 18.11%
- Avg home value
- $112,429
Macomb, IL
Macomb, IL median asking rent is $1,086, $309 (22.2%) lower than the $1,395 median asking rent in Mount Vernon, IL.
- Median rent
- $1,086
- Gross yield
- 21.57%
- Avg home value
- $185,824
Mount Vernon, IL rent and yield FAQ
Quick answers based on the latest Mount Vernon, IL rental listing and transaction data.
What is the average rent in Mount Vernon, IL?
As of June 2026, the median asking rent in Mount Vernon, IL is $1,395. SFR Analytics reports the median of active rental listings rather than a simple average so outlier luxury listings do not distort the figure.
What is a good rental yield in Mount Vernon, IL?
Mount Vernon, IL currently prices at a 15.51% gross rental yield, versus 10.24% across Illinois. Treat gross yield as a first-pass screen — it excludes taxes, insurance, vacancy, rehab, and financing, so underwrite at the property level before acting on it.
Move from Mount Vernon, IL market context to property-level screening
Open Rental Insights with Mount Vernon, IL selected, then pair the yield signal with investor activity and rental data workflows.