Median rent for residential apartments in Pekin, IL as of Dec, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
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8 Pekin, IL, USA apartments for rent
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Pekin
Pekin, IL has a population of 33,747, while the median age is 39. The household income in Pekin, IL is around $51,759. The homeownership rate among the residents is 70%. The median residential property value in Pekin, IL that you should keep in mind is $104,300.
| Population | 33,747 |
| Median Age | 38.9 |
| Poverty Rate | 13% |
| Household Income | $51,759 |
| Number Of Employees | 15,204 |
| Median Property Value | $104,300 |
Housing Trends
Rent vs Own
How much is an apartment in Pekin, IL 61558, USA
Average apartment rent in Pekin: $998 (-25.5%)
| Rent Price | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $1,500 | +0% |
| 2-bed apartments | $579 | +5.3% |
Over the Dec 2022, the average rent for an apartment in/near Pekin, IL decreased by 25.5% to $998.
The average price for a rental studio in Pekin, IL has remained the same as last month and equals $1,500. Breaking it down in details, we now see that the average price for 1-bed apartment stands at $550 with no changes this month. Pricing for 2-bed apartment also increased by 5.3% and a place of this size will now cost you $579. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $4,650 for a big-family home.
| Rent Type Price | Dec | vs Last Month |
|---|---|---|
| Apartments for rent | $579 | +5.3% |
| Houses for rent | $1,500 | -29.6% |
The median rent for an apartment in Pekin, IL increased by 5.3% to $579. Statistics show that house rent price decreased by 29.6% this month making it up to $1,500.
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