What is the median rent in Towanda Township, IL?
The median gross rent in Towanda Township, IL is $943 (±$163) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 219 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Towanda Township, the median gross rent went from $742 in 2015–2019 to $943 in 2020–2024 (+27.1%).
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
- $943 (±$163)
- Rented homes
- 219 (±112)
- $2,000 or more
- 0.0%
- Since 2015–2019
- +27.1%
How much rent costs in Towanda Township
| Monthly gross rent | Towanda Township | McLean County | Illinois | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±15.7 points) | 7.6% | 7.0% | 6.3% |
| $500 to $999 | 68.9% (±24.1 points) | 41.6% | 23.5% | 20.2% |
| $1,000 to $1,499 | 31.1% (±24.1 points) | 34.5% | 32.6% | 28.1% |
| $1,500 to $1,999 | 0.0% (±15.7 points) | 10.7% | 18.7% | 21.1% |
| $2,000 to $2,499 | 0.0% (±15.7 points) | 3.1% | 9.6% | 12.0% |
| $2,500 to $2,999 | 0.0% (±15.7 points) | 0.8% | 4.1% | 5.5% |
| $3,000 or more | 0.0% (±15.7 points) | 1.7% | 4.4% | 6.8% |
The most common range is $500 to $999, paid by 68.9% of renting households.
0.0% of rented homes in Towanda Township cost $2,000 or more a month.
Towanda Township against McLean County, its state and the nation
| Towanda Township | McLean County | Illinois | United States | |
|---|---|---|---|---|
| Median gross rent | $943 (±$163) | $1,009 (±$30) | $1,274 (±$5) | $1,413 |
| Rented homes paying rent | 219 (±112) | 23,735 (±1,003) | 1,587,238 (±10,609) | 42,849,984 |
In Towanda Township, median gross rent is not measurably different from McLean County ($1,009).
It is also lower than in Illinois ($1,274).
It is lower than the national figure ($1,413).
In McLean County, Towanda Township ranks 26 of 41 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 902 of 2,063.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Towanda Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $742 (±$347) | $943 (±$163) | +27.1% | No measurable change after inflation |
| Households that rent | 18.9% (±8.7 points) | 23.6% (±9.8 points) | +4.7 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±23.9 points) | 0.8% (±1.2 points) | +0.8 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 Towanda Township
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Towanda Township | — | $943 (±$163) | — |
| Towanda | 2.9 mi | $1,000 (±$361) | Not measurably different |
| Blue Mound Township (McLean County) | 6.1 mi | $947 (±$56) | Not measurably different |
| Old Town Township | 6.1 mi | $637 (±$514) | Not measurably different |
| Normal Township | 6.4 mi | $969 (±$49) | Not measurably different |
| Normal | 6.9 mi | $965 (±$45) | Not measurably different |
| Bloomington | 6.9 mi | $1,050 (±$36) | Not measurably different |
| Bloomington City Township | 6.9 mi | $1,050 (±$36) | Not measurably different |
| Cooksville | 7.8 mi | $955 (±$91) | 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 McLean County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 20 | Arrowsmith | $975 (±$173) |
| 21 | Normal Township | $969 (±$49) |
| 22 | Normal | $965 (±$45) |
| 23 | Cheney's Grove Township | $957 (±$264) |
| 24 | Cooksville | $955 (±$91) |
| 25 | Blue Mound Township (McLean County) | $947 (±$56) |
| 26 | Towanda Township | $943 (±$163) |
| 27 | Saybrook | $923 (±$96) |
| 28 | Lexington Township | $917 (±$565) |
| 29 | Randolph Township | $914 (±$262) |
| 30 | Martin Township (McLean County) | $903 (±$131) |
| 31 | Chenoa | $876 (±$287) |
| 32 | Colfax | $875 (±$145) |
Showing 13 of 41 places in McLean 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 Towanda Township
What is the average rent in Towanda Township, IL?
The Census Bureau publishes the median rather than the average: the median gross rent in Towanda Township is $943 (±$163) 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 Towanda Township?
In Towanda Township, the median gross rent went from $742 in 2015–2019 to $943 in 2020–2024 (+27.1%).
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 Towanda Township cost more than $2,000 a month?
0.0% of rented homes in Towanda Township have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Towanda Township higher than in McLean County?
In Towanda Township, median gross rent is not measurably different from McLean County ($1,009).
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 — Towanda township, McLean County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Towanda township, McLean County, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Towanda township, McLean 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 Towanda township, McLean County, Illinois (county subdivision:75835, in state:17 county:113).
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 Towanda Township at a glance
- Renters and owners in Towanda Township
- Income and affordability in Towanda Township
- Home values in Towanda Township
- Homeowner costs in Towanda Township
- Property taxes in Towanda Township
- Types of homes in Towanda Township
- Age of homes in Towanda Township
- Heating fuel in Towanda Township
- Commute and cars in Towanda Township
- Population growth in Towanda Township
- Illinois landlord and tenant rules
- Housing across McLean County
- Illinois places ranked by median rent
- Housing data for every place in Illinois