Joliet, IL Rental Market
Joliet is a regional hub anchored by a massive logistics and distribution corridor along I-80 and I-55, making it one of the most important inland freight hubs in the country. Renters are drawn by its affordable price point relative to Chicago, Metra commuter rail access, and strong local employment in warehousing, healthcare, and manufacturing. The Chicagoland Speedway area and ongoing downtown revitalization are adding new amenities.
Get a rent estimate for an address in JolietAverage Rent in Joliet, IL
$1,320
per month · 2026-06
Market Score
Key Facts — Joliet, IL Rental Market
- Average rent in Joliet, IL:$1,320/mo
- Median rent:$1,214/mo
- Rent range:$650 – $2,900/mo
- Most common rental (2 bedrooms):$1,175/mo
- Active listings:520
- Avg days to lease:31 days
- Year-over-year change:+3.0%
- Median home value:$235,000
- Est. gross annual yield:6.7%
- Data as of:2026-06
Rent by Bedroom in Joliet, IL
Average monthly rent for each bedroom type based on current active listings in Joliet.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $950/mo |
2 Bedrooms | $1,175/mo |
3 Bedrooms | $1,475/mo |
4 Bedrooms | $1,825/mo |
5 Bedrooms | $2,075/mo |
Joliet Rental Market Statistics
Key indicators from the current Joliet, IL rental market.
520
Available now in Joliet
31
From list to lease
$1.05
Average across listings
1,253 sq ft
Typical rental size
$650 – $2,900
Min to max active listings
+3.0%
Avg rent vs. prior year
Investing in Joliet, IL Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$235,000
Typical purchase price in Joliet
Est. Gross Annual Yield
6.7%
Before expenses & vacancy
Avg Monthly Income
$1,320
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Joliet for a full cash-flow breakdown including all costs.
Joliet, IL Rental Market FAQ
Common questions about renting and investing in Joliet, IL.
What is the average rent in Joliet, IL?
The average rent in Joliet, IL is $1,320 per month as of 2026. One-bedroom apartments average $950/mo, two-bedrooms $1,175/mo, and three-bedroom homes $1,475/mo — making Joliet one of the more affordable rental markets in the greater Chicago metro.
Is Joliet, IL a good place to invest in rental property?
Joliet offers an estimated 6.7% gross annual yield with lower acquisition costs than Chicago proper (median home ~$235,000). The massive logistics and distribution employment base — Amazon, IKEA, and dozens of major warehousing operations — ensures steady demand from working-class renters.
How competitive is the Joliet, IL rental market?
Joliet averages 31 days on market with approximately 520 active listings. It is a moderately competitive market where well-priced, well-maintained properties typically lease within 4–5 weeks. Demand is steady rather than spiked, reflecting the stable blue-collar and healthcare employment base.
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