What is the median rent in Shorewood, IL?
The median gross rent in Shorewood, IL is $1,479 (±$398) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 204 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Shorewood, the median gross rent went from $1,685 in 2015–2019 to $1,479 in 2020–2024 (−12.2%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- Median gross rent
- $1,479 (±$398)
- Rented homes
- 204 (±93)
- $2,000 or more
- 33.8%
- Since 2015–2019
- −12.2%
How much rent costs in Shorewood
| Monthly gross rent | Shorewood | Will County | Illinois | United States |
|---|---|---|---|---|
| Less than $500 | 2.9% (±5.6 points) | 4.8% | 7.0% | 6.3% |
| $500 to $999 | 19.1% (±16.9 points) | 13.9% | 23.5% | 20.2% |
| $1,000 to $1,499 | 29.4% (±19.7 points) | 33.9% | 32.6% | 28.1% |
| $1,500 to $1,999 | 14.7% (±14.6 points) | 24.2% | 18.7% | 21.1% |
| $2,000 to $2,499 | 26.0% (±18.8 points) | 14.1% | 9.6% | 12.0% |
| $2,500 to $2,999 | 7.8% (±11.2 points) | 5.8% | 4.1% | 5.5% |
| $3,000 or more | 0.0% (±16.7 points) | 3.4% | 4.4% | 6.8% |
The most common range is $1,000 to $1,499, paid by 29.4% of renting households.
33.8% of rented homes in Shorewood cost $2,000 or more a month.
Shorewood against Will County, its state and the nation
| Shorewood | Will County | Illinois | United States | |
|---|---|---|---|---|
| Median gross rent | $1,479 (±$398) | $1,462 (±$33) | $1,274 (±$5) | $1,413 |
| Rented homes paying rent | 204 (±93) | 39,997 (±1,562) | 1,587,238 (±10,609) | 42,849,984 |
In Shorewood, median gross rent is not measurably different from Will County ($1,462).
It is not measurably different from Illinois ($1,274).
It is not measurably different from the national figure ($1,413).
In Will County, Shorewood ranks 20 of 51 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 246 of 2,063.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Shorewood has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,685 (±$164) | $1,479 (±$398) | −12.2% | Down after inflation |
| Households that rent | 12.0% (±2.9 points) | 3.2% (±1.3 points) | −8.8 percentage points | Measurable decrease |
| Rental vacancy rate | 0.0% (±4.1 points) | 18.5% (±19.3 points) | +18.5 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 Shorewood
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Shorewood | — | $1,479 (±$398) | — |
| Troy Township | 1.1 mi | $1,348 (±$77) | Not measurably different |
| Joliet | 3.5 mi | $1,276 (±$48) | Not measurably different |
| Rockdale | 4.8 mi | $1,256 (±$129) | Not measurably different |
| Sunnyland | 5.2 mi | $1,926 (±$376) | Not measurably different |
| Plainfield Township | 5.3 mi | $2,105 (±$116) | Higher |
| Seward Township (Kendall County) | 5.4 mi | $2,505 (±$334) | Higher |
| Minooka | 6.0 mi | $1,552 (±$374) | Not measurably different |
| Crest Hill | 6.6 mi | $1,481 (±$91) | Not measurably different |
Nearby places with a measurably higher figure: Plainfield Township, IL ($2,105), Seward Township (Kendall County), IL ($2,505).
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 |
|---|---|---|
| 14 | Monee Township | $1,629 (±$151) |
| 15 | Frankfort Square | $1,622 (±$257) |
| 16 | Lockport Township | $1,570 (±$110) |
| 17 | Lockport | $1,525 (±$183) |
| 18 (tie) | Crest Hill | $1,481 (±$91) |
| 18 (tie) | Jackson Township (Will County) | $1,481 (±$814) |
| 20 | Shorewood | $1,479 (±$398) |
| 21 | Monee | $1,477 (±$277) |
| 22 | Fairmont | $1,455 (±$178) |
| 23 | Frankfort Township (Will County) | $1,449 (±$148) |
| 24 | New Lenox | $1,431 (±$159) |
| 25 | New Lenox Township | $1,429 (±$169) |
| 26 | Ingalls Park | $1,408 (±$118) |
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 Shorewood
What is the average rent in Shorewood, IL?
The Census Bureau publishes the median rather than the average: the median gross rent in Shorewood is $1,479 (±$398) 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 Shorewood?
In Shorewood, the median gross rent went from $1,685 in 2015–2019 to $1,479 in 2020–2024 (−12.2%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
How many rentals in Shorewood cost more than $2,000 a month?
33.8% of rented homes in Shorewood have a gross rent of $2,000 or more a month, and 2.9% cost less than $500.
Is rent in Shorewood higher than in Will County?
In Shorewood, median gross rent is not measurably different from Will County ($1,462).
It is not measurably different from Illinois ($1,274).
It is not measurably different from 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 — Shorewood village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Shorewood village, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Shorewood 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 Shorewood village, Illinois (place:69758, 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
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- Types of homes in Shorewood
- Bedrooms in Shorewood
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- Heating fuel in Shorewood
- Commute and cars in Shorewood
- Crime reported to police in Shorewood
- Population growth in Shorewood
- How long people stay in Shorewood
- Crowding and facilities in Shorewood
- Fair Market Rent in Shorewood
- Illinois landlord and tenant rules
- Housing across Will County
- Illinois places ranked by median rent
- Housing data for every place in Illinois