Illinois renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Illinois is about $1,235 per month. This puts it in the 1st percentile compared to the nation average cost of rent, which is $1,307. Households in Illinois have a median income of $6,949 per month so the average renter in Illinois is spending roughly 18% of their earnings on housing.
Nationally, and in Illinois, home values are the data point most closely correlated with the cost of rent. The median price of a home in Illinois is $242,002 right now, which is higher than nearby states, meaning that rents in Illinois also tend to be higher versus these nearby states.
Higher rent prices are common in the northern parts of Illinois while lower rent rates are often available in southeastern areas.
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