Average Rent in Wayne County, IL↑ Rents rising 7.8% YoY🔻 5th cheapest in IL
HUD FY2025 · Official government data · Updated annually · Metro pop. 15,994
Market Overview
Wayne County, IL has rental prices ranging from $597/month to $1,239/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $663/month — 53% below the national average of $1,400/month. With a median household income of $53,107/year, spending $663/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.
How Wayne County Compares
With an average 2-bedroom rent of $870/month, Wayne County ranks #83 most expensive of the 87 cities tracked in Illinois — more affordable than 88% of all US cities in our data.
The Wayne County Rental Market
The Wayne County, IL area has a population of about 15,994 and 21% 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 Wayne County, IL have risen by $63/month (7.8%) over the past year, from $807 to $870. This modest growth is consistent with broader inflationary trends seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Wayne County, IL without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $26,520. The local median household income of $53,107 exceeds that threshold by $26,587, making Wayne County relatively accessible compared to local wages.
Economy & Jobs
Wayne County, IL has an unemployment rate of 4.2%, 0.3 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.
Fair Market Rents
HUD FY2025Is Wayne 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 Wayne County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Wayne County data
Renting appears to be the better financial choice for this scenario.
Living in Wayne County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Wayne CountySalary needed to afford rent here
🗺️All Cities in ILSee how Wayne County ranks statewide
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