Rockford, Illinois Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Rockford, Illinois rental market.
Rockford, Illinois
Average Apartment Rent
$1,149
As of November 2024
Rockford, Illinois Average apartment rent trend
Rockford, Illinois Average Apartment Rent
Rockford, Illinois Apartment rent ranges
At 49.25%, apartments priced $700 - $1000 represent the bulk of Rockford, Illinois rentals, while condos priced $500 - $700 hold the lowest share of the market – 1.15%.
Rockford, Illinois Housing tenure**
Renters take up 46% of Rockford, Illinois real estate, occupying a total of 28,101 units, while homeowners live in 33,141 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$32,366
Average household size of renter-occupied housing units**
2.26
Rental vacancy rate**
6.2%
Rockford, Illinois Renter-occupied housing units by no. of bedrooms**
There are 11,621 rentals in Rockford, Illinois with 2 beds making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 403 units. Overall, the median number of rooms in Rockford, Illinois homes for rent is 4.4.
Rockford, Illinois Renter-occupied units by age of householder**
Most condos for rent in Rockford, Illinois are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 4%.
Rockford, Illinois Renter-occupied housing units by family type**
Rockford, Illinois Renter-occupied housing units by the presence of own children**
A total of 13,660 apartments for rent in Rockford, Illinois, or 49% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 9,143 units. All in all, the median size of a renter-occupied household in Rockford, Illinois is 2.26.
Rockford, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 16% of the rental market. In contrast, residents with less than a high school degree reside in 16% of the homes for rent in Rockford, Illinois.
Rockford, Illinois Renter-occupied units by year structure built**
The highest share of Rockford, Illinois apartment rentals, namely 22% or 6,085 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (17%, 4,669 units), and the ones Built 1960 - 1969 (14%, 3,907 units).
Rockford, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Rockford, Illinois renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Rockford, Illinois condos for rent is 2017.
Rockford, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Rockford, Illinois renters have 1 vehicle available per household, 24% of them have No vehicle available, and 21% have 2 vehicles available.
Rockford, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Rockford, Illinois Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Rockford, Illinois apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
