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Rental Market Trends in Lincoln, IL

What is the average rent in Lincoln, IL?

$428/month

Average Rent

320 Sq Ft

Average Apartment Size

+1.1%

Increase in the Last Year

As of March 2026, the average rent in Lincoln, IL is $428 per month. This is 74% lower than the national average rent of $1,627/month, making renting in Lincoln more affordable than most cities in the US. When you rent an apartment in Lincoln, you can expect to pay about $256 per month for a studio, $428 for a one-bedroom apartment, and around $551 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $741 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$256/month
0 Sq Ft
One Bedroom
$428/month
320 Sq Ft
Two Bedroom
$551/month
854 Sq Ft
Three Bedroom
$741/month
1,167 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,933/month
1,150 Sq Ft

How much has average rent changed in Lincoln, IL?

In the past year, rent has increased by 1.1%, which averages out to $5 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 March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Lincoln, IL
Last Updated March 2026
Below $701
Most rental prices fall within this range
Rent Ranges in Lincoln, IL
Percentage*
Rent Range
100% Below $700/month
0% $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 Lincoln, IL?

Because the average rent in Lincoln is $428, you’ll want to make about $1,426 per month or $17,112 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

Lincoln, IL

20 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Lincoln, 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 Lincoln, IL

Apartment Averages

Apartment communities in Lincoln we think you'll love

Brainard Landings Apartments

Brainard Landings Apartments

1103 N State St,
Lincoln, IL 62656

$720 - $930

1-3 Beds

Lincoln Senior Flats

Lincoln Senior Flats

1455 Castle Manor Dr,
Lincoln, IL 62656

$400 - $849

1-2 Beds

1025 N Jefferson St

1025 N Jefferson St

1025 N Jefferson St,
Lincoln, IL 62656

$2,000 Total Monthly Price

2 Beds | 1 Month Lease

1026 N Jefferson St

1026 N Jefferson St

1026 N Jefferson St,
Lincoln, IL 62656

$2,000 Total Monthly Price

2 Beds | 1 Month Lease

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United States Illinois Lincoln 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 February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity