What is the median rent in Palmyra Township, IL?
The median gross rent in Palmyra Township, IL is $693 (±$116) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 162 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Palmyra Township, the median gross rent went from $681 in 2015–2019 to $693 in 2020–2024 (+1.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $693 (±$116)
- Rented homes
- 162 (±104)
- $2,000 or more
- 3.7%
- Since 2015–2019
- +1.8%
How much rent costs in Palmyra Township
| Monthly gross rent | Palmyra Township | Lee County | Illinois | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±20.5 points) | 7.9% | 7.0% | 6.3% |
| $500 to $999 | 96.3% (±9.4 points) | 56.1% | 23.5% | 20.2% |
| $1,000 to $1,499 | 0.0% (±20.5 points) | 28.9% | 32.6% | 28.1% |
| $1,500 to $1,999 | 0.0% (±20.5 points) | 3.5% | 18.7% | 21.1% |
| $2,000 to $2,499 | 0.0% (±20.5 points) | 0.0% | 9.6% | 12.0% |
| $2,500 to $2,999 | 0.0% (±20.5 points) | 1.5% | 4.1% | 5.5% |
| $3,000 or more | 3.7% (±9.4 points) | 2.0% | 4.4% | 6.8% |
The most common range is $500 to $999, paid by 96.3% of renting households.
3.7% of rented homes in Palmyra Township cost $2,000 or more a month.
Palmyra Township against Lee County, its state and the nation
| Palmyra Township | Lee County | Illinois | United States | |
|---|---|---|---|---|
| Median gross rent | $693 (±$116) | $894 (±$50) | $1,274 (±$5) | $1,413 |
| Rented homes paying rent | 162 (±104) | 3,309 (±328) | 1,587,238 (±10,609) | 42,849,984 |
In Palmyra Township, median gross rent is lower than in Lee County ($894).
It is also lower than in Illinois ($1,274).
It is lower than the national figure ($1,413).
In Lee County, Palmyra Township ranks 20 of 22 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 1775 of 2,063.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Palmyra Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $681 (±$295) | $693 (±$116) | +1.8% | No measurable change after inflation |
| Households that rent | 16.4% (±9.0 points) | 14.4% (±8.6 points) | −2.0 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±14.0 points) | 0.0% (±19.2 points) | 0.0 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 Palmyra Township
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Palmyra Township | — | $693 (±$116) | — |
| Nelson Township | 5.0 mi | $1,098 (±$113) | Higher |
| Dixon | 5.2 mi | $912 (±$65) | Higher |
| Dixon Township | 6.0 mi | $918 (±$59) | Higher |
| Sterling Township | 6.6 mi | $865 (±$50) | Higher |
| Sterling | 7.5 mi | $859 (±$50) | Higher |
| South Dixon Township | 7.8 mi | $639 (±$244) | Not measurably different |
| Coloma Township | 8.5 mi | $777 (±$84) | Not measurably different |
| Polo | 8.6 mi | $851 (±$118) | Not measurably different |
Nearby places with a measurably higher figure: Nelson Township, IL ($1,098), Dixon, IL ($912), Dixon Township, IL ($918).
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 |
|---|---|---|
| 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 9 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 Palmyra Township
What is the average rent in Palmyra Township, IL?
The Census Bureau publishes the median rather than the average: the median gross rent in Palmyra Township is $693 (±$116) 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 Palmyra Township?
In Palmyra Township, the median gross rent went from $681 in 2015–2019 to $693 in 2020–2024 (+1.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Palmyra Township cost more than $2,000 a month?
3.7% of rented homes in Palmyra Township have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Palmyra Township higher than in Lee County?
In Palmyra Township, median gross rent is lower than in 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 — Palmyra township, Lee County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Palmyra township, Lee County, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Palmyra township, Lee County, 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 Palmyra township, Lee County, Illinois (county subdivision:57316, in state:17 county:103).
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 Palmyra Township at a glance
- Income and affordability in Palmyra Township
- Home values in Palmyra Township
- Homeowner costs in Palmyra Township
- Property taxes in Palmyra Township
- Types of homes in Palmyra Township
- Bedrooms in Palmyra Township
- Age of homes in Palmyra Township
- Heating fuel in Palmyra Township
- Commute and cars in Palmyra Township
- Population growth in Palmyra Township
- Illinois landlord and tenant rules
- Housing across Lee County
- Illinois places ranked by median rent
- Housing data for every place in Illinois