What is the median rent in Franklin Grove, IL?
The median gross rent in Franklin Grove, IL is $800 (±$174) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 100 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Franklin Grove, the median gross rent went from $848 in 2015–2019 to $800 in 2020–2024 (−5.7%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- Median gross rent
- $800 (±$174)
- Rented homes
- 100 (±47)
- $2,000 or more
- 8.0%
- Since 2015–2019
- −5.7%
How much rent costs in Franklin Grove
| Monthly gross rent | Franklin Grove | Lee County | Illinois | United States |
|---|---|---|---|---|
| Less than $500 | 26.0% (±24.8 points) | 7.9% | 7.0% | 6.3% |
| $500 to $999 | 38.0% (±20.7 points) | 56.1% | 23.5% | 20.2% |
| $1,000 to $1,499 | 28.0% (±15.8 points) | 28.9% | 32.6% | 28.1% |
| $1,500 to $1,999 | 0.0% (±30.3 points) | 3.5% | 18.7% | 21.1% |
| $2,000 to $2,499 | 0.0% (±30.3 points) | 0.0% | 9.6% | 12.0% |
| $2,500 to $2,999 | 2.0% (±3.7 points) | 1.5% | 4.1% | 5.5% |
| $3,000 or more | 6.0% (±8.9 points) | 2.0% | 4.4% | 6.8% |
The most common range is $500 to $999, paid by 38.0% of renting households.
8.0% of rented homes in Franklin Grove cost $2,000 or more a month.
Franklin Grove against Lee County, its state and the nation
| Franklin Grove | Lee County | Illinois | United States | |
|---|---|---|---|---|
| Median gross rent | $800 (±$174) | $894 (±$50) | $1,274 (±$5) | $1,413 |
| Rented homes paying rent | 100 (±47) | 3,309 (±328) | 1,587,238 (±10,609) | 42,849,984 |
In Franklin Grove, median gross rent is not measurably different from Lee County ($894).
It is also lower than in Illinois ($1,274).
It is lower than the national figure ($1,413).
In Lee County, Franklin Grove ranks 19 of 22 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 1418 of 2,063.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Franklin Grove has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $848 (±$84) | $800 (±$174) | −5.7% | Down after inflation |
| Households that rent | 30.7% (±7.4 points) | 26.0% (±9.6 points) | −4.7 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±22.0 points) | 20.6% (±12.5 points) | +20.6 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Franklin Grove
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Franklin Grove | — | $800 (±$174) | — |
| Franklin Grove Township | 1.4 mi | $834 (±$70) | Not measurably different |
| Ashton Township | 4.2 mi | $898 (±$343) | Not measurably different |
| Ashton | 4.4 mi | $898 (±$343) | Not measurably different |
| South Dixon Township | 8.3 mi | $639 (±$244) | Not measurably different |
| Dixon Township | 8.4 mi | $918 (±$59) | Not measurably different |
| Amboy | 8.9 mi | $824 (±$92) | Not measurably different |
| Dixon | 9.1 mi | $912 (±$65) | Not measurably different |
| Amboy Township | 9.1 mi | $857 (±$105) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Lee County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 13 | Dixon | $912 (±$65) |
| 14 (tie) | Ashton | $898 (±$343) |
| 14 (tie) | Ashton Township | $898 (±$343) |
| 16 | Amboy Township | $857 (±$105) |
| 17 | Franklin Grove Township | $834 (±$70) |
| 18 | Amboy | $824 (±$92) |
| 19 | Franklin Grove | $800 (±$174) |
| 20 | Palmyra Township | $693 (±$116) |
| 21 | South Dixon Township | $639 (±$244) |
| 22 | Sublette | $622 (±$42) |
Showing 10 of 22 places in Lee County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Franklin Grove
What is the average rent in Franklin Grove, IL?
The Census Bureau publishes the median rather than the average: the median gross rent in Franklin Grove is $800 (±$174) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Franklin Grove?
In Franklin Grove, the median gross rent went from $848 in 2015–2019 to $800 in 2020–2024 (−5.7%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
How many rentals in Franklin Grove cost more than $2,000 a month?
8.0% of rented homes in Franklin Grove have a gross rent of $2,000 or more a month, and 26.0% cost less than $500.
Is rent in Franklin Grove higher than in Lee County?
In Franklin Grove, median gross rent is not measurably different from Lee County ($894).
It is also lower than in Illinois ($1,274).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin Grove village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin Grove village, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Franklin Grove village, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Franklin Grove village, Illinois (place:27689, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Franklin Grove at a glance
- Renters and owners in Franklin Grove
- Income and affordability in Franklin Grove
- Home values in Franklin Grove
- Homeowner costs in Franklin Grove
- Property taxes in Franklin Grove
- Types of homes in Franklin Grove
- Bedrooms in Franklin Grove
- Age of homes in Franklin Grove
- Heating fuel in Franklin Grove
- Commute and cars in Franklin Grove
- Illinois landlord and tenant rules
- Housing across Lee County
- Illinois places ranked by median rent
- Housing data for every place in Illinois