Rockford, IL Rental Market
Rockford is northern Illinois's largest city and a historic manufacturing center undergoing a long-term revitalization effort anchored by healthcare, aerospace components, and education. OSF Healthcare and SwedishAmerican Health System are the city's largest employers, supporting consistent demand from healthcare workers. Very low median home values create strong gross yields, though slower population growth tempers appreciation expectations.
Get a rent estimate for an address in RockfordAverage Rent in Rockford, IL
$970
per month · 2026-06
Market Score
Key Facts — Rockford, IL Rental Market
- Average rent in Rockford, IL:$970/mo
- Median rent:$892/mo
- Rent range:$475 – $2,150/mo
- Most common rental (2 bedrooms):$850/mo
- Active listings:680
- Avg days to lease:40 days
- Year-over-year change:+2.2%
- Median home value:$145,000
- Est. gross annual yield:8.0%
- Data as of:2026-06
Rent by Bedroom in Rockford, IL
Average monthly rent for each bedroom type based on current active listings in Rockford.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $700/mo |
2 Bedrooms | $850/mo |
3 Bedrooms | $1,075/mo |
4 Bedrooms | $1,350/mo |
5 Bedrooms | $1,525/mo |
Rockford Rental Market Statistics
Key indicators from the current Rockford, IL rental market.
680
Available now in Rockford
40
From list to lease
$0.81
Average across listings
1,200 sq ft
Typical rental size
$475 – $2,150
Min to max active listings
+2.2%
Avg rent vs. prior year
Investing in Rockford, IL Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$145,000
Typical purchase price in Rockford
Est. Gross Annual Yield
8.0%
Before expenses & vacancy
Avg Monthly Income
$970
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 Rockford for a full cash-flow breakdown including all costs.
Rockford, IL Rental Market FAQ
Common questions about renting and investing in Rockford, IL.
What is the average rent in Rockford, IL?
The average rent in Rockford, IL is $970 per month as of 2026. One-bedroom apartments average $700/mo, two-bedrooms $850/mo, and three-bedroom homes $1,075/mo — making Rockford one of the most affordable rental markets in the Midwest.
Is Rockford, IL a good place to invest in rental property?
Rockford offers an estimated 8.0% gross annual yield — the highest in our Illinois coverage — driven by very low median home values (~$145,000). Cash-flow-focused investors who are comfortable with a slower-growth market and active property management can find strong income returns here.
How competitive is the Rockford, IL rental market?
Rockford averages 40 days on market with approximately 680 active listings. The market is less competitive than Chicago-area suburbs, giving tenants more options. Properties in good condition near OSF Healthcare and SwedishAmerican campuses lease faster than the average.
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