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Rental Market Trends in Freeport, IL

What is the average rent in Freeport, IL?

$721/month

Average Rent

593 Sq Ft

Average Apartment Size

+1.1%

Increase in the Last Year

As of January 2026, the average rent in Freeport, IL is $721 per month. This is 56% lower than the national average rent of $1,625/month, making renting in Freeport more affordable than most cities in the US. When you rent an apartment in Freeport, you can expect to pay about per month for a studio, $721 for a one-bedroom apartment, and around $773 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $836 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$721/month
593 Sq Ft
Two Bedroom
$773/month
953 Sq Ft
Three Bedroom
$836/month
987 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$928/month
659 Sq Ft
Three Bedroom
$1,079/month
251 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Freeport, IL?

In the past year, rent has increased by 1.1%, which averages out to $9 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Freeport, IL
Last Updated January 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Freeport, IL
Percentage*
Rent Range
0% Below $700/month
100% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Freeport, IL?

Because the average rent in Freeport is $721, you’ll want to make about $2,403 per month or $28,836 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Freeport, IL

40 Available Apartments for Rent

Search for Nearby Apartments

How does Freeport, IL compare to other nearby cities and neighborhoods?

Use the tool below to compare Freeport, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Freeport, IL

Apartment Averages

Apartment communities in Freeport we think you'll love

Westwinds

Westwinds

1394 Kiwanis Dr,
Freeport, IL 61032

Call for Rent

2 Beds

Cheshire

Cheshire

811-830 Cheshire Ct,
Freeport, IL 61032

Call for Rent

1-2 Beds

Greenfield

Greenfield

39-186 N Greenfield Dr,
Freeport, IL 61032

$750

2-3 Beds

Winmar Townhomes

Winmar Townhomes

1215 W Empire St,
Freeport, IL 61032

Call for Rent

2-3 Beds

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United States Illinois Freeport Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity