What is the median rent in Reed Township, IL?

Name: Median rent in Reed Township, IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Reed Township, IL is $1,057 (±$92) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 339 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Reed Township, the median gross rent went from $975 in 2015–2019 to $1,057 in 2020–2024 (+8.4%).

Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.

Figures last updated on November 12, 2026.

Median gross rent: $1,057 (±$92)
Rented homes: 339 (±108)
$2,000 or more: 2.4%
Since 2015–2019: +8.4%

How much rent costs in Reed Township

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Reed Township	Will County	Illinois	United States
Less than $500	16.8% (±11.9 points)	4.8%	7.0%	6.3%
$500 to $999	24.2% (±12.4 points)	13.9%	23.5%	20.2%
$1,000 to $1,499	46.9% (±16.9 points)	33.9%	32.6%	28.1%
$1,500 to $1,999	9.7% (±10.4 points)	24.2%	18.7%	21.1%
$2,000 to $2,499	2.4% (±3.4 points)	14.1%	9.6%	12.0%
$2,500 to $2,999	0.0% (±10.5 points)	5.8%	4.1%	5.5%
$3,000 or more	0.0% (±10.5 points)	3.4%	4.4%	6.8%

The most common range is $1,000 to $1,499, paid by 46.9% of renting households.

2.4% of rented homes in Reed Township cost $2,000 or more a month.

Reed Township against Will County, its state and the nation

Estimate (90% margin of error)
	Reed Township	Will County	Illinois	United States
Median gross rent	$1,057 (±$92)	$1,462 (±$33)	$1,274 (±$5)	$1,413
Rented homes paying rent	339 (±108)	39,997 (±1,562)	1,587,238 (±10,609)	42,849,984

In Reed Township, median gross rent is lower than in Will County ($1,462).

It is also lower than in Illinois ($1,274).

It is lower than the national figure ($1,413).

In Will County, Reed Township ranks 44 of 51 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 636 of 2,063.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Reed Township has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$975 (±$40)	$1,057 (±$92)	+8.4%	Down after inflation
Households that rent	23.7% (±4.8 points)	13.0% (±3.8 points)	−10.7 percentage points	Measurable decrease
Rental vacancy rate	1.2% (±2.0 points)	2.6% (±4.2 points)	+1.4 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 Reed Township

Nearest places with a published estimate, compared with Reed Township
Place	Distance	Median gross rent	Compared with this place
Reed Township	—	$1,057 (±$92)	—
Godley	1.5 mi	$1,386 (±$243)	Higher
Braidwood	1.9 mi	$1,044 (±$93)	Not measurably different
Braceville Township	3.3 mi	$1,143 (±$100)	Not measurably different
Diamond	3.5 mi	$1,357 (±$146)	Higher
Coal City	4.2 mi	$1,123 (±$168)	Not measurably different
Essex	4.3 mi	$1,143 (±$56)	Not measurably different
Custer Township	4.4 mi	$1,045 (±$425)	Not measurably different
Carbon Hill	5.8 mi	$1,271 (±$297)	Not measurably different

Nearby places with a measurably higher figure: Godley, IL ($1,386), Diamond, IL ($1,357).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Will County, place by place

Rank	Place	Median gross rent
38	Preston Heights	$1,197 (±$204)
39	Crete Township	$1,174 (±$61)
40	Green Garden Township	$1,123 (±$83)
41	Beecher	$1,078 (±$99)
42	Will Township	$1,077 (±$304)
43	Washington Township (Will County)	$1,061 (±$129)
44	Reed Township	$1,057 (±$92)
45	Custer Township	$1,045 (±$425)
46	Braidwood	$1,044 (±$93)
47	Peotone Township	$986 (±$157)
48	Peotone	$979 (±$173)
49	Wilmington Township	$960 (±$221)
50	Wilmington (Will County)	$888 (±$309)

Showing 13 of 51 places in Will 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 Reed Township

What is the average rent in Reed Township, IL?

The Census Bureau publishes the median rather than the average: the median gross rent in Reed Township is $1,057 (±$92) 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 Reed Township?

In Reed Township, the median gross rent went from $975 in 2015–2019 to $1,057 in 2020–2024 (+8.4%).

Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.

How many rentals in Reed Township cost more than $2,000 a month?

2.4% of rented homes in Reed Township have a gross rent of $2,000 or more a month, and 16.8% cost less than $500.

Is rent in Reed Township higher than in Will County?

In Reed Township, median gross rent is lower than in Will County ($1,462).

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

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 Reed township, Will County, Illinois (county subdivision:63108, in state:17 county:197).

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.

Request a Census API 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.