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Illinois rental market · county detail

Monroe County, Illinois Rental Market

A source-attributed view of rents, vacancy and the Illinois RDN Rental Market Indicator for Monroe County. The indicator compares landlord- and investor-perspective rental conditions across Illinois counties.

Indicator month: September 2026.

Key facts

As of September 2026

  • As of September 2026, Monroe's Illinois RDN Rental Market Indicator is 31.7 out of 100 (Soft Rental Market) and ranks #91 of 102 ranked Illinois counties, unchanged from August 2026.
  • The 2020–2024 ACS 5-year estimates put median gross rent in Monroe at $1,042 per month.
  • Monroe's rental vacancy rate is 3.4%.
  • Renter-occupied households account for 15.3% of occupied households in Monroe.
  • Monroe's gross rental yield comparison is 388.3%; it does not account for property expenses.
  • Zillow ZORI typical monthly rent for Monroe for September 2026 is $1,095 (Data provided by Zillow Group).

Source: Illinois RDN calculations using available Census ACS and Zillow county data. Data provided by Zillow Group where Zillow measurements are shown.

Monroe County RDN Rental Market Indicator

Current indicator

Indicator month: September 2026

Rental indicator
31.7/ 100
Fear

Soft Rental Market

Zone labels describe the score's level — not a sentiment survey, advice, or forecast.

Ranks #91 of 102 Illinois counties with an indicator

Versus prior month
No change
Versus a year earlier
No change

Changes are indicator points, not changes in rent. The indicator describes relative landlord and investor conditions; it is not investment advice, an appraisal, or a forecast.

Component breakdown

Component scores are percentile ranks among Illinois counties.

  1. Rental vacancy25 points maximum

    3.4% raw value · 72.3 / 100 percentile score

  2. Rent momentum25 points maximum

    Not available — weight redistributed

  3. Gross rental yield25 points maximum

    388.3% raw value · 2.0 / 100 percentile score

  4. Renter share10 points maximum

    15.3% raw value · 5.0 / 100 percentile score

  5. Rent burden15 points maximum

    28.0% raw value · 31.7 / 100 percentile score

Monroe County's indicator is 31.7 out of 100; the Illinois statewide indicator for the same month is 44.4.

Monroe County rental statistics

These are area-level measurements, not asking rents, property valuations or expected returns for a specific home.

Gross rental yield

388.3%

Source: Census ACS and Zillow ZHVI

Before expenses; not a property-level return. Data provided by Zillow Group.

Price-to-rent ratio

25.8×

Source: Census ACS and Zillow ZHVI

Typical home value divided by annual rent. Data provided by Zillow Group.

Monroe County indicator: 5-year history

Monthly county and Illinois statewide scores over the last five years, updated with each monthly refresh.

Historical months apply the latest available Census ACS vintage; month-to-month movement comes mainly from Zillow home values and rent trends.

Rent history and coverage

Monroe County typical rent trend

Time range

Latest displayed month: September 2026 · $1,095

Data provided by Zillow GroupCounty Zillow ZORI observations; not a quote for a particular property.

HUD rent benchmarks

Monroe County Fair Market Rents

HUD Fair Market Rents, FY2027
Studio1BR2BR3BR4BR
$1,064$1,104$1,349$1,731$1,997

FMRs are HUD's 40th-percentile gross rent estimates used for voucher programs. They are benchmarks, not market quotes. HUD Fair Market Rents source.

Data coverage

Available inputs determine which components can contribute to the county indicator.

Components used
Rental vacancy, Gross rental yield, Renter share, Rent burden
Rent source
Census ACS
Momentum source
Not available
ACS vintage
2024
Zillow ZHVI period
September 2026

Counties relying on ACS rather than monthly Zillow rent data may move little from month to month. Missing components are excluded and available weights redistributed; insufficient coverage produces no indicator score. Data provided by Zillow Group where Zillow measurements are available.

Questions about this county’s data

What does Monroe County's indicator mean?

It compares Monroe County's available rental measures with those of other Illinois counties. It is a relative editorial indicator, not an assessment of an individual property.

Why might Monroe County's rent inputs change slowly?

Where monthly Zillow ZORI observations are unavailable, rent-related calculations rely on Census ACS five-year estimates, which update by annual vintage rather than every month.

Can I use this score to make an investment decision?

No. The score is not investment, financial, legal or real-estate advice, an appraisal or a forecast. Review current property-level information and consult qualified professionals.