Rent in Albion, IL
A 2-bedroom in Albion, IL (ZIP 62806) typically rents for about $820 a month, with a range of $820–$930. Owner-occupied homes in Edwards County pay about 1.45% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $648 | $648 | 1 |
| 1 bed | $579 | $579–$711 | 1 |
| 2 beds | $820 | $820–$930 | 1 |
| 3 beds | $856 | $856–$1,108 | 1 |
| 4 beds | $933 | $933–$1,222 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Albion ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Albion, IL?
- About $820 a month: the median of the typical rents in 1 ZIP code, which range from $820–$930. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Albion, IL?
- About $579 a month: the median of the typical rents in 1 ZIP code, which range from $579–$711. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Albion, IL?
- About $856 a month: the median of the typical rents in 1 ZIP code, which range from $856–$1,108. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Albion, IL?
- About $648 a month: the median of the typical rents in 1 ZIP code, which range from $648. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Albion, IL?
- About $933 a month: the median of the typical rents in 1 ZIP code, which range from $933–$1,222. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Albion, IL?
- Owner-occupied homes in Edwards County pay a typical 1.45% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Albion rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).