Average Rent in Fulton County, IL↓ Rents falling 12.7% YoY🔻 3rd cheapest in IL
HUD FY2021 · Official government data · Updated annually · Metro pop. 33,259
Market Overview
Fulton County, IL has rental prices ranging from $563/month to $1,223/month in 2021, depending on unit size. The typical 1-bedroom apartment rents for $569/month — 59% below the national average of $1,400/month. With a median household income of $58,617/year, spending $569/month on a 1-bedroom represents 12% of gross income — within the recommended 30% threshold.
How Fulton County Compares
With an average 2-bedroom rent of $750/month, Fulton County ranks #85 most expensive of the 87 cities tracked in Illinois — more affordable than 98% of all US cities in our data.
The Fulton County Rental Market
The Fulton County, IL area has a population of about 33,259 and 22% 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 Fulton County, IL have fallen by $109/month (12.7%) over the past year, from $859 to $750. This rate of decrease is significant and reflects softening demand or increased inventory in the local market.
Affordability
To afford a 1-bedroom apartment in Fulton County, IL without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $22,760. The local median household income of $58,617 exceeds that threshold by $35,857, making Fulton County relatively accessible compared to local wages.
Economy & Jobs
Fulton County, IL has an unemployment rate of 3.9%, 0.0 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.
Fair Market Rents
HUD FY2021Is Fulton County, IL Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in ILlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home 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 | — |
| Davenport | $707 | $831 | $1,025 | $1,336 | — |
Rent or Buy in Fulton County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Fulton County data
Renting appears to be the better financial choice for this scenario.
Living in Fulton County
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Frequently Asked Questions
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💵Rent Affordability in Fulton CountySalary needed to afford rent here
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