Rent Calculator for Illinois (2026)
Illinois (IL) Key Facts
Average 1 B R Rent
$1,200
Average 2 B R Rent
$1,560
Annual Rent Growth Rate
3-5%
Rent Control Exists
No
Average Annual Rent (1 B R)
$14,400
How This Calculator Works in Illinois
This rent calculator helps you estimate your total annual rental costs in Illinois, including base rent, utilities, renter's insurance, and other fees. It uses Illinois's average rent data as a starting point and lets you customize the inputs for your specific apartment. Use it to compare rental options and budget for the true cost of renting.
Illinois Overview
Average rents in Illinois are approximately $1,200/month for a 1-bedroom and $1,560/month for a 2-bedroom. Illinois does not have statewide rent control, so landlords can raise rent by any amount at lease renewal with proper notice. Factor in state income taxes when assessing how much rent you can afford in Illinois.
How Illinois Compares
Illinois's average 1BR rent of $1,200 is near the national average of roughly $1,200. Neighboring Indiana has an average 1BR rent of $900, lower than Illinois. States with major metro areas and tight housing markets tend to have the highest rents nationwide.
| State | Top Rate | Notes |
|---|---|---|
| Indiana | $900 | Average 1BR rent is $900 per month and 2BR rent is approximately $1,170. No statewide rent control. |
| Wisconsin | $950 | Average 1BR rent is $950 per month and 2BR rent is approximately $1,235. No statewide rent control. |
| Iowa | $800 | Average 1BR rent is $800 per month and 2BR rent is approximately $1,040. No statewide rent control. |
The average 1BR rent in Illinois is $1,200 per month, compared to the national average of approximately $1,200. Illinois rents are in line with the national average. Illinois does not have statewide rent control.
Tips for Illinois Residents
- 1Average rent in Illinois is approximately $1,200/month for a 1-bedroom and $1,560/month for a 2-bedroom. Use these as benchmarks when evaluating whether a listing is fairly priced.
- 2Illinois does not have statewide rent control, so landlords can raise rent by any amount at lease renewal with proper notice.
- 3Follow the 30% rule: aim to spend no more than 30% of your gross monthly income on rent. In Illinois, a $1,200/month apartment requires a gross income of about $48,000 per year.
- 4Before signing a lease in Illinois, clarify what is included—utilities, parking, laundry, and pet policies can significantly affect your total monthly housing cost.
- 5Account for state income taxes in Illinois when assessing whether a rental fits your budget. Your net pay, not gross, determines what you can comfortably afford.
Frequently Asked Questions
on LegalDraft