Rent in Coal City, IL
A 2-bedroom in Coal City, IL (ZIP 60416) typically rents for about $1,276 a month, with a range of $1,011–$1,540. Owner-occupied homes in Grundy County pay about 1.99% 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 | $1,140 | $1,140–$1,189 | 1 |
| 1 bed | $1,084 | $988–$1,180 | 1 |
| 2 beds | $1,276 | $1,011–$1,540 | 1 |
| 3 beds | $1,885 | $1,649–$2,120 | 1 |
| 4 beds | $2,143 | $1,835–$2,450 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Coal City ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Coal City, IL?
- About $1,276 a month: the median of the typical rents in 1 ZIP code, which range from $1,011–$1,540. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Coal City, IL?
- About $1,084 a month: the median of the typical rents in 1 ZIP code, which range from $988–$1,180. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Coal City, IL?
- About $1,885 a month: the median of the typical rents in 1 ZIP code, which range from $1,649–$2,120. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Coal City, IL?
- About $1,140 a month: the median of the typical rents in 1 ZIP code, which range from $1,140–$1,189. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Coal City, IL?
- About $2,143 a month: the median of the typical rents in 1 ZIP code, which range from $1,835–$2,450. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Coal City, IL?
- Owner-occupied homes in Grundy County pay a typical 1.99% 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 Coal City rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).