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Newest Homes for Rent in Freeport, IL

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    Starting at $750 Per Month

    • 2 Beds

    1394 Kiwanis Dr, Freeport, IL 61032

    Under New Ownership & Management. Apartments are being updated and renovated with two tone paint - calming grey walls, white base, trim and doors as well as brand-new stainless-steel appliance package. Come and take a look and you will not be disappointed, units available at this location as well as other locations within our growing Freeport & Rockford Portfolio's.

    Westwinds

    1394 Kiwanis Dr, Freeport, IL 61032
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    $625

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 953 Sq Ft
    • Condo for Rent

    1007 S Chicago Ave Unit 2, Freeport, IL 61032

    This nice and spacious second floor duplex (with lots of natural light), features an eat-in kitchen, a large living room, a nice front porch, along with washer/dryer hook-ups off the kitchen. No pets, $25 application fee, 2 year lease.

    1007 S Chicago Ave Unit 2, Freeport, IL 61032
  • /42

    $1,500 Per Month

    • 3 Beds
    • 1 Bath
    • 2,016 Sq Ft
    • House for Rent

    1602 S Highland Ave, Freeport, IL 61032

    Bright 3-bedroom, 1-bathroom house, new flooring on all units, new remodeled bathroom, new stair steps, new cooking fan, new car opener 2 car garage. House is freshly painted. The layout is thoughtfully designed. Ready to move-in. Vacant. Easy to show.

    Zafart Artin Century 21 Universal

    1602 S Highland Ave, Freeport, IL 61032
  • /7

    $900 Per Month

    • 3 Beds
    • 1 Bath
    • 1,200 Sq Ft
    • Condo for Rent

    508 W Pleasant St Unit 508 W Pleasant, Freeport, IL 61032

    For Rent, 3 Bedroom and 1 bath apartment.508 W Pleasant, Freeport, IL 61032.*more inside pictures to come soonPets ok with approval.$900 Rent. $900 Security Deposit.Renter pays electric, gas, and water.2 year lease.Free online applicationAnd Setup a ShowingAppliances & Features: Stove FridgeLease Term: 24 monthsYear Built:

    508 W Pleasant St Unit 508 W Pleasant, Freeport, IL 61032
  • /5

    $750 Per Month

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    904 W Stephenson St Unit 4, Freeport, IL 61032

    For Rent 1 bedroom apartment. 904 W Stephenson, Freeport IL 61032.$750 Monthly Rent.$750 Security Deposit.Approved pets ok.Hardwood floors.Private parking in back.Renter pays electric and gas. Owner pays heat, water, and garbage.2 year lease.$20 online applicationAnd Setup a Showing atAppliances & Features: Stove

    904 W Stephenson St Unit 4, Freeport, IL 61032
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    $950 Per Month

    • 2 Beds
    • 1 Bath
    • 700 Sq Ft
    • Condo for Rent

    904 W Stephenson St Unit 1, Freeport, IL 61032

    For Rent, 2 bedroom apartment on the 1st floor.904 W Stephenson in Freeport IL 61032.Apartment is in the process of being freshly painted.Huge private side porch with yard. There is also a front porch. Parking in the back. Pets ok with approval.Rent $950. $950 Security Deposit.Renter pays for electric and gas.*picture are in the process of being updated.2

    904 W Stephenson St Unit 1, Freeport, IL 61032
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    $1,285

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,400 Sq Ft
    • Townhouse for Rent

    915 W Douglas St, Freeport, IL 61032

    Three bedroom duplex with garage. Freshly painted and hardwood flooring throughout. This sis ious duplex is very clean a d offers a one stall garage / carport and fenced yard.

    915 W Douglas St, Freeport, IL 61032
  • /5

    $800 Per Month

    • 2 Beds
    • 2 Baths
    • 700 Sq Ft
    • Condo for Rent

    1240 S Float Ave Unit 1240 S Float, Freeport, IL 61032

    For Rent in Freeport IL, 2 Bedroom apartment on 2nd floor.1240 S Float, Freeport IL.Renter pays, heat (gas), and electric.Pets ok if approved with approval.2 year lease.$800 monthly rent. $800 security deposit*note: this is a 4 unit building and these pics are from a different similar apartment$20 online applicationAnd Setup a Showing

    1240 S Float Ave Unit 1240 S Float, Freeport, IL 61032
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    $1,300 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,632 Sq Ft
    • House for Rent

    537 E Empire St, Freeport, IL 61032

    3BR/2BA Home – 537 E Empire St, Freeport, IL 61032Looking for a spacious home with room to spare? This classic 1897 home offers 1,632 sq ft with 3 bedrooms and a full 2 bathrooms — a rare find at this price point. Gas heat keeps things cozy, and the good-condition tile flooring throughout adds a nice touch of durability and style.Whether you need the extra bathroom for a growing

    537 E Empire St, Freeport, IL 61032
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    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 2,248 Sq Ft
    • Condo for Rent

    512 W Cottonwood St, Freeport, IL 61032

    this is a duplex at 512 W Cottonwood St (built 1923), — both units identical.2BR/1BA – 512 W Cottonwood St (Unit 1 or 2), Freeport, IL 61032Unit in a classic 1923 duplex, offering 1,124 sq ft with 2 bedrooms and 1 bathroom. Gas heat and a straightforward, comfortable layout in a well-located Freeport building. Full basement (shared) offers extra storage.Highlights:2 Bedrooms

    512 W Cottonwood St, Freeport, IL 61032
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    $1,150 Per Month

    • 1 Bed
    • 1 Bath
    • 3,531 Sq Ft
    • Condo for Rent

    440 W Exchange St Unit 1, Freeport, IL 61032

    1BR/1BA – 440 W Exchange St (Unit 4), Freeport, IL 61032Want a little extra elbow room without the extra cost? This spacious 1-bedroom, 1-bathroom unit offers 987 sq ft — more square footage than your typical one-bedroom, giving you room to breathe, stretch out, and make it your own.Set inside a historic 1857 Freeport building, this unit blends old-school charm with everyday comfort,

    440 W Exchange St Unit 1, Freeport, IL 61032
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    $1,200 Per Month

    • 1 Bed
    • 1 Bath
    • 2,421 Sq Ft
    • 605 1/2 W Douglas St

    605 1/2 W Douglas St, Freeport, IL 61032

    605 W Douglas St, Freeport, IL 61032 — Duplex, built 1914Unit 1: 1BR/1BA, 1,220 sq ftUnit 2: 2BR/1BA, 1,220 sq ftNo garage1BR/1BA – 605 W Douglas St (Unit 1), Freeport, IL 61032Cozy 1-bedroom, 1-bathroom unit offering 1,220 sq ft in a classic 1914 duplex. Gas heat and a simple, functional layout in a well-located Freeport building.Highlights: 1 Bedroom / 1 Bathroom

    605 1/2 W Douglas St, Freeport, IL 61032
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    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 894 Sq Ft
    • Condo for Rent

    803 S Walnut Ave, Freeport, IL 61032

    2BR/1BA – 803 S Walnut Ave (Unit 2), Freeport, IL 61032Charming 2-bedroom, 1-bathroom unit offering 798 sq ft in the same well-maintained 1882 duplex. Enjoy hardwood and laminate flooring, gas heat, and quality trim and finish work throughout — a comfortable, character-rich space in a great Freeport location.Perfect for a single tenant, couple, or anyone looking for a reliable,

    803 S Walnut Ave, Freeport, IL 61032
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    $1,150 Per Month

    • 1 Bed
    • 1 Bath
    • 3,531 Sq Ft
    • Condo for Rent

    440 W Exchange St Unit 2, Freeport, IL 61032

    1BR/1BA – 440 W Exchange St (Unit 4), Freeport, IL 61032Want a little extra elbow room without the extra cost? This spacious 1-bedroom, 1-bathroom unit offers 987 sq ft — more square footage than your typical one-bedroom, giving you room to breathe, stretch out, and make it your own.Set inside a historic 1857 Freeport building, this unit blends old-school charm with everyday comfort,

    440 W Exchange St Unit 2, Freeport, IL 61032
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    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 941 Sq Ft
    • 217 1/2 W Homer St

    217 W Homer St, Freeport, IL 61032

    2BR/1BA – 217 W Homer St (Unit 1 or 2), Freeport, IL 61032Comfortable 2-bedroom, 1-bathroom unit offering 941 sq ft in a classic 1900 duplex. Gas heat and a full basement round out this well-located Freeport property.Highlights: 2 Bedrooms / 1 Bathroom · 941 sq ft · Gas heat · Full basement · Freeport / Stephenson County

    217 W Homer St, Freeport, IL 61032
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    $1,500 Per Month

    • 3 Beds
    • 1 Bath
    • House for Rent

    1002 S Chicago Ave, Freeport, IL 61032

    JUST REMODELED ---- > PAINTED AND NEW FLOORING! SPACIOUS HOME WITH GOOD SIZE ROOMS!FENCED IN BACKYARD WITH 2 CAR GARAGE.BEAUTIFUL HOME ! AND QUITE NEIGHBORHOOD.SECTION 8 FRIENDLY ! NO EVICTIONS OR CRIMINAL RECORD-CASH PAYING TENANTS WELCOME WITH MULTIPLE DEPOSITS UP FRONT CONTACT US WITH ANY OTHER

    1002 S Chicago Ave, Freeport, IL 61032
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    $650 Per Month

    • 1 Bed
    • 1 Bath
    • 550 Sq Ft
    • 221 1/2 W Exchange St, apt 2r-Apt2R - 221 1/2 W Exchange

    221 1/2 W Exchange St Unit 2R - 221 1/2 W Exchange, Freeport, IL 61032

    For Rent, 1 bedroom apartment.Renter pays electric for lights and heat.Rent $650. Security Deposit $650.Located on 2nd floor. Downtown.Approved pets ok.221 W Exchange, Freeport IL.2 year lease.$20 online applicationAnd Setup a Showing atAppliances & Features: Stove FridgeLease Term: 24 monthsYear Built: 1960Rental

    221 1/2 W Exchange St Unit 2R - 221 1/2 W Exchange, Freeport, IL 61032
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    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 2,561 Sq Ft
    • Condo for Rent

    406 E Prospect Terrace, Freeport, IL 61032

    4-bed, 2-bath charming 2-story home with 2,560 sqft of character-filled living space. Beautiful hardwood floors throughout, central air conditioning, forced air heating, and a 1-car garage. Located on a tree-linedstreet in Freeport with classic Midwestern charm.Great Deal-Great ValueThis Two-bedroom, One-bathroom apartment offers simplicity and practicality at its best — all at a

    406 E Prospect Terrace, Freeport, IL 61032
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    $1,300 Per Month

    • 3 Beds
    • 1 Bath
    • 1,024 Sq Ft
    • House for Rent

    725 W Homer St, Freeport, IL 61032

    3BR/1BA Home – 725 W Homer St, Freeport, IL 61032Need space without stretching your budget? This classic home, built in 1877, offers 1,024 sq ft with 3 full bedrooms and 1 bathroom. Recent improvements include kitchen and bath updates, fresh interior cosmetics, roof repairs, and garage repairs — all done to keep this home comfortable and reliable for its next tenant.A detached 2-car

    725 W Homer St, Freeport, IL 61032
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    $1,495 Per Month

    • 3 Beds
    • 1 Bath
    • 1,633 Sq Ft
    • House for Rent

    217 N West Ave, Freeport, IL 61032

    OWN THIS HOME — Don't Just Rent It! 3-bed, 1-bath charming 2-story home with 1,633 sqft of character-filled living space. Beautiful hardwood floors throughout, central air conditioning, forced air heating, and a 1-car garage. Located on a tree-lined street in Freeport with classic Midwestern charm.OWNERSHIP OPPORTUNITY: This property qualifies for the Pied Piper Group

    217 N West Ave, Freeport, IL 61032
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    $1,350 Per Month

    • 3 Beds
    • 1 Bath
    • 1,612 Sq Ft
    • House for Rent

    525 S State Ave, Freeport, IL 61032

    3BR/1BA Home – 525 S State Ave, Freeport, IL 61032Charming single-family home built in 1907, offering 1,612 sq ft with 3 bedrooms and 1 bathroom. Gas heat and a full unfinished basement provide plenty of storage and utility space. No garage, but a spacious floor plan makes this home stand out in the Freeport market.Highlights:3 Bedrooms / 1 Bathroom1,612 sq ftGas

    525 S State Ave, Freeport, IL 61032
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    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 2,421 Sq Ft
    • Condo for Rent

    605 W Douglas St, Freeport, IL 61032

    605 W Douglas St, Freeport, IL 61032 — Duplex, built 1914Unit 1: 1BR/1BA, 1,220 sq ftUnit 2: 2BR/1BA, 1,220 sq ftNo garage1BR/1BA – 605 W Douglas St (Unit 1), Freeport, IL 61032Cozy 1-bedroom, 1-bathroom unit offering 1,220 sq ft in a classic 1914 duplex. Gas heat and a simple, functional layout in a well-located Freeport building.Highlights: 1 Bedroom / 1 Bathroom

    605 W Douglas St, Freeport, IL 61032
  • /2

    $1,495 Per Month

    • 3 Beds
    • 1 Bath
    • 1,245 Sq Ft
    • House for Rent

    315 W Clark St, Freeport, IL 61032

    3BR/1BA Home – 315 W Clark St, Freeport, IL 610322-story home built in 1902, offering 1,245 sq ft with 3 bedrooms and 1 bathroom. Recent improvements include kitchen and bathroom updating, plus interior cosmetics, roofing, electrical, plumbing, and mechanicals. Detached 2-car garage with alley access — great bonus storage/parking for this Freeport home.Highlights:3 Bedrooms / 1

    315 W Clark St, Freeport, IL 61032
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    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 2,348 Sq Ft
    • Condo for Rent

    758 W Pleasant St, Freeport, IL 61032

    2BR/1BA – 756 W Pleasant St (Unit 1), Freeport, IL 61032Cozy 2-bedroom, 1-bathroom unit offering 828 sq ft in a well-maintained 1907 three-unit building. Gas heat, basement laundry access, and shared use of a detached 2-car garage make everyday living easy and convenient.Highlights: 2 Bedroom / 1 Bathroom · 828 sq ft · Basement laundry · Shared 2-car garage · Freeport / Stephenson

    758 W Pleasant St, Freeport, IL 61032
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    $1,250 Per Month

    • 3 Beds
    • 1.5 Baths
    • 2,869 Sq Ft
    • Condo for Rent

    311 N Chicago Ave, Freeport, IL 61032

    Just as spacious as its twin next door — this unit offers 1,448 sq ft with 3 full bedrooms and 2 full bathrooms in the same historic 1892 duplex. Gas heat and full basement access round out a rare combination of space and value.Highlights: 3 Bedrooms / 2 Bathrooms · 1,448 sq ft · Gas heat · Full basement · Freeport / Stephenson County

    311 N Chicago Ave, Freeport, IL 61032
  • /2

    $1,150 Per Month

    • 1 Bed
    • 1 Bath
    • 962 Sq Ft
    • 810 1/2 E Shawnee St

    810 E Shawnee St, Freeport, IL 61032

    Stop Renting. Start Owning & Investing! This multi-family property at 810-810 1/2 E Shawnee St offers a compact 2-unit investment opportunity. Built in 1900, it features 2 bedrooms and 2 bathrooms across 962 sqft with hardwood floors, central air conditioning, and forced air heating. An ideal entry point into real estate investing — live in one side, rent the other, and build wealth through

    810 E Shawnee St, Freeport, IL 61032
  • /2

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 2,248 Sq Ft
    • 512 1/2 W Cottonwood St

    512 1/2 W Cottonwood St, Freeport, IL 61032

    this is a duplex at 512 W Cottonwood St (built 1923), — both units identical.2BR/1BA – 512 W Cottonwood St (Unit 1 or 2), Freeport, IL 61032Unit in a classic 1923 duplex, offering 1,124 sq ft with 2 bedrooms and 1 bathroom. Gas heat and a straightforward, comfortable layout in a well-located Freeport building. Full basement (shared) offers extra storage.Highlights:2 Bedrooms

    512 1/2 W Cottonwood St, Freeport, IL 61032
  • /2

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 892 Sq Ft
    • 253 1/2 W Pleasant St

    253 1/2 W Pleasant St, Freeport, IL 61032

    3BR/1BA – 253 W Pleasant St (Unit 2), Freeport, IL 61032Spacious 3-bedroom, 1-bathroom unit offering the same 891 sq ft footprint with an extra bedroom — great for a family or roommates. Gas heat and full basement access included.Highlights: 3 Bedrooms / 1 Bathroom · 891 sq ft · Gas heat · Full basement · Freeport / Stephenson County

    253 1/2 W Pleasant St, Freeport, IL 61032
  • /2

    $1,250 Per Month

    • 2 Beds
    • 1 Bath
    • 1,091 Sq Ft
    • House for Rent

    810 S James Ave, Freeport, IL 61032

    2BR/1BA Home – 810 S James Ave, Freeport, IL 61032Comfortable home built in 1897, offering 1,091 sq ft with 2 bedrooms and 1 bathroom. Enjoy both front and rear porches — great spots to relax outdoors. A classic Freeport home with plenty of character.Highlights:2 Bedrooms / 1 Bathroom1,091 sq ftFront & rear porchesLocated in Freeport / Stephenson County

    810 S James Ave, Freeport, IL 61032
  • /2

    $1,595 Per Month

    • 3 Beds
    • 1 Bath
    • 1,196 Sq Ft
    • House for Rent

    712 E Shawnee St, Freeport, IL 61032

    This turn-key property is move-in ready! With a total potential monthly rent of $1,495, this property can practically pay for itself. Enjoy the peace of mind that comes with a brand new siding and roof. The property also features a full basement and a spacious 35 x 140 lot.Example terms: $150,000 purchase price with payments as low as $1,495/month. Your security deposit may be applied

    712 E Shawnee St, Freeport, IL 61032
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    $1,250 Per Month

    • 3 Beds
    • 1.5 Baths
    • 2,869 Sq Ft
    • Condo for Rent

    309 N Chicago Ave, Freeport, IL 61032

    Just as spacious as its twin next door — this unit offers 1,448 sq ft with 3 full bedrooms and 2 full bathrooms in the same historic 1892 duplex. Gas heat and full basement access round out a rare combination of space and value.Highlights: 3 Bedrooms / 2 Bathrooms · 1,448 sq ft · Gas heat · Full basement · Freeport / Stephenson County

    309 N Chicago Ave, Freeport, IL 61032
  • /2

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 2,455 Sq Ft
    • Condo for Rent

    414 W Clark St, Freeport, IL 61032

    BR/1BA – 414 W Clark St (Unit 2), Freeport, IL 61032Charming unit in a classic 1887 duplex, offering 1,030 sq ft with 2 bedrooms and 1 bathroom. Shared access to a detached 2-car garage and porches add extra convenience. A well-located, affordable option in Freeport.Highlights:2 Bedrooms / 1 Bathroom1,030 sq ftDetached 2-car garage (shared)PorchesLocated in

    414 W Clark St, Freeport, IL 61032
  • /2

    $1,250 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,370 Sq Ft
    • House for Rent

    427 W Clark St, Freeport, IL 61032

    2BR/1.1BA Home – 427 W Clark St, Freeport, IL 61032Classic 1872 home offering 1,622 sq ft with 2 bedrooms and 1.5 bathrooms (full bath + convenient half bath). Currently being upgraded with kitchen and bathroom updates, interior cosmetics, and mechanical improvements. Enjoy a deck and porch for outdoor space, plus a detached 1-car garage.Highlights:2 Bedrooms / 1 Full + 1 Half

    427 W Clark St, Freeport, IL 61032
  • /2

    $1,495 Per Month

    • 2 Beds
    • 2 Baths
    • 1,280 Sq Ft
    • House for Rent

    1203 S Galena Ave, Freeport, IL 61032

    3 Bed 2 Bath 1280 Sq FtOWN THIS HOME — Don't Just Rent It!Spacious 3-bedroom, 2-bath home offering 1,280 square feet of living space in an established Freeport neighborhood. This property features a functional floor plan, attached garage, and convenient access to schools, shopping, and local amenities. The home provides excellent value for families seeking affordable homeownership

    1203 S Galena Ave, Freeport, IL 61032
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    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 2,241 Sq Ft
    • 534 1/2 E Wyandotte St

    534 E Wyandotte St, Freeport, IL 61032

    Why rent when you can own?If you've been thinking about buying but didn't think it was possible, this is your chance. Welcome to 534–534 1/2 E Wyandotte St, a comfortable 2-bedroom, 1-bath home that's perfect for starting fresh as a homeowner.This home offers a practical layout with two nicely sized bedrooms, a cozy living area, and a functional kitchen that makes everyday living

    534 E Wyandotte St, Freeport, IL 61032
  • /2

    $1,495 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,540 Sq Ft
    • House for Rent

    534 E Illinois St, Freeport, IL 61032

    This turn-key property is move-in ready! With a total potential monthly rent of $1,495, this property can practically pay for itself. Enjoy the peace of mind that comes with brand new siding and a brand new roof. The property also features a full basement and a spacious 40 x 120 lot.Example terms: $150,000 purchase price with payments as low as $1,495/month. Your security deposit may be

    534 E Illinois St, Freeport, IL 61032
  • /2

    $1,495 Per Month

    • 3 Beds
    • 1 Bath
    • 688 Sq Ft
    • House for Rent

    315 W Douglas St, Freeport, IL 61032

    3 Bed 1 Bath 688 Sq FtThis charming 3-bedroom, 1-bath home offers approximately 688 square feet of comfortable living space in an established Freeport neighborhood. The home features hardwood and laminate flooring, forced-air gas heating, a full unfinished basement, and access to a detached garage. Conveniently located near schools, shopping, healthcare, and major transportation routes,

    315 W Douglas St, Freeport, IL 61032
  • /14

    $1,350 Per Month

    • 3 Beds
    • 1 Bath
    • 1,224 Sq Ft
    • House for Rent

    1265 S Galena Ave, Freeport, IL 61032

    3 Bed 1 Bath 1,224 Sq FtOWN THIS HOME — Don't Just Rent It!Charming 3-bedroom, 1-bath home offering approximately 1,224 square feet of living space in a well-established Freeport neighborhood. This property features spacious living areas, a practical floor plan, and easy access to schools, shopping, parks, and major transportation routes. Whether you're looking for your first home

    1265 S Galena Ave, Freeport, IL 61032
  • /2

    $1,495 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

    815 S Benton Ave, Freeport, IL 61032

    Welcome to this spacious 3-bedroom, 1-bath apartment located in a well-maintained multi-family property in Freeport. This inviting unit features a functional floor plan with generous living space, large windows that provide abundant natural light, and comfortable bedrooms. Conveniently located near schools, shopping, healthcare facilities, parks, and major transportation routes, this home offers

    815 S Benton Ave, Freeport, IL 61032
  • /2

    $1,395 Per Month

    • 2 Beds
    • 1 Bath
    • 1,015 Sq Ft
    • Condo for Rent

    823 S Oak Ave, Freeport, IL 61032

    This turn-key property is move-in ready! With a total potential monthly rent of $1,495, this property can practically pay for itself. Enjoy the peace of mind that comes with brand new siding and a brand new roof. The property also features a full basement and a spacious 45 x 120 lot.Example terms: $200,000 purchase price with payments as low as $1,416/month. Your security deposit may be

    823 S Oak Ave, Freeport, IL 61032

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Frequently Asked Questions

How much does it cost to rent a home in Freeport, IL?
The median rent for a home in Freeport, IL is $1,250 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Freeport, IL?
To comfortably afford the median rent in Freeport, IL, a household needs to earn roughly $50,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,250 per month in Freeport, IL, renters typically need to show $3,750 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Freeport, IL?
In Freeport, IL, the price-to-rent ratio is 8.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
57
Median Rent
$1,250
Median Single Family Home Rent
$1,300
Median Condo Rent
$1,200
How to Rent a Home