Rent in Cherry Valley, IL
A 2-bedroom in Cherry Valley, IL (ZIP 61016) typically rents for about $882 a month, with a range of $882–$1,172. Owner-occupied homes in Winnebago County pay about 2.39% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $816 | $816 | 1 |
| 1 bed | $896 | $896 | 1 |
| 2 beds | $882 | $882–$1,172 | 1 |
| 3 beds | $1,661 | $1,542–$1,661 | 1 |
| 4 beds | $1,578 | $1,578 | 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).
Cherry Valley ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Cherry Valley, IL?
- About $882 a month: the median of the typical rents in 1 ZIP code, which range from $882–$1,172. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Cherry Valley, IL?
- About $896 a month: the median of the typical rents in 1 ZIP code, which range from $896. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Cherry Valley, IL?
- About $1,661 a month: the median of the typical rents in 1 ZIP code, which range from $1,542–$1,661. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Cherry Valley, IL?
- About $816 a month: the median of the typical rents in 1 ZIP code, which range from $816. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Cherry Valley, IL?
- About $1,578 a month: the median of the typical rents in 1 ZIP code, which range from $1,578. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Cherry Valley, IL?
- Owner-occupied homes in Winnebago County pay a typical 2.39% 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 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Cherry Valley rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).