RentData

Average Rent in Grundy County, IL Rents rising 1.3% YoY🔺 3rd priciest in IL

HUD FY2025 · Official government data · Updated annually · Metro pop. 9,359,555

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

Market Overview

Grundy County, IL has rental prices ranging from $1,045/month to $2,006/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,151/month — 18% below the national average of $1,400/month. With a median household income of $88,850/year, spending $1,151/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.

How Grundy County Compares

With an average 2-bedroom rent of $1,510/month, Grundy County ranks #3 most expensive of the 87 cities tracked in Illinois — pricier than 93% of all US cities in our data.

The Grundy County Rental Market

The Grundy County, IL area has a population of about 9,359,555 and 35% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Grundy County, IL have risen by $20/month (1.3%) over the past year, from $1,490 to $1,510. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Grundy County, IL without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $46,040. The local median household income of $88,850 exceeds that threshold by $42,810, making Grundy County relatively accessible compared to local wages.

Fair Market Rents

HUD FY2025
Studio
$1,045
Affordable
1 Bedroom
$1,151
Affordable
2 Bedrooms
$1,510
1.3% YoY
Affordable
3 Bedrooms
$1,999
Affordable
4 Bedrooms
$2,006
Affordable
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Is Grundy County, 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
$60,400/year
Local median income: $88,850
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,510/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
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
Fulton County$659$663$870$1,200

Rent or Buy in Grundy County?

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

Should I Rent or Buy?

Break-even analysis using real Grundy County data

$
Home Value
$350,000
2BR Rent
$1,510/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $1,510/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Grundy County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Grundy County

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💵Rent Affordability in Grundy County

Salary needed to afford rent here

🗺️All Cities in IL

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⚖️Compare Grundy County

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📋IL Tenant Rights

Deposit limits, eviction laws & renters protections