RentData

Average Rent in Davenport, IL Rents rising 7.6% YoY🔺 12th priciest in IL

HUD FY2025 · Official government data · Updated annually · Metro pop. 381,864

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Davenport, IL has rental prices ranging from $707/month to $1,578/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $831/month — 41% below the national average of $1,400/month. With a median household income of $71,925/year, spending $831/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.

How Davenport Compares

With an average 2-bedroom rent of $1,025/month, Davenport ranks #12 most expensive of the 87 cities tracked in Illinois — pricier than 67% of all US cities in our data.

The Davenport Rental Market

The Davenport, IL area has a population of about 381,864 and 29% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Davenport, IL have risen by $72/month (7.6%) over the past year, from $953 to $1,025. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Davenport, IL without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $33,240. The local median household income of $71,925 exceeds that threshold by $38,685, making Davenport relatively accessible compared to local wages.

Fair Market Rents

HUD FY2025
Studio
$707
Affordable
1 Bedroom
$831
Affordable
2 Bedrooms
$1,025
7.6% YoY
Affordable
3 Bedrooms
$1,336
Affordable
4 Bedrooms
$1,578
Affordable
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Is Davenport, IL Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$41,000/year
Local median income: $71,925
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,025/month and 20% down on a home at 7% rate.

Nearby Cities in ILlargest metros in the state

CityStudio1BR2BR3BRHome Value
DeKalb County$952$1,058$1,388$1,891
Grundy County$1,045$1,151$1,510$1,999
Chicago$1,458$1,560$1,761$2,262
Kendall County$1,428$1,438$1,886$2,643
St. Louis$951$984$1,215$1,570
Fulton County$659$663$870$1,200

Rent or Buy in Davenport?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Davenport data

$
Home Value
$350,000
2BR Rent
$1,025/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 4 years — worth it if you stay 4+ years.

Total monthly buy cost: $2,577/movs rent: $1,025/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Davenport

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🏘️Neighborhoods in Davenport

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💵Rent Affordability in Davenport

Salary needed to afford rent here

🗺️All Cities in IL

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📋IL Tenant Rights

Deposit limits, eviction laws & renters protections