Rent in Galesburg, IL
Across Galesburg's 2 ZIP codes, a 2-bedroom typically rents for about $911 a month, with figures from $892–$930. The highest typical rent is in 61402 ($930) and the lowest in 61401 ($892). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Knox County pay about 1.96% 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 | $703 | $703 | 2 |
| 1 bed | $642 | $573–$711 | 2 |
| 2 beds | $911 | $892–$930 | 2 |
| 3 beds | $1,106 | $1,008–$1,204 | 2 |
| 4 beds | $1,352 | $1,241–$1,463 | 2 |
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).
Galesburg ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Galesburg, IL?
- About $911 a month: the median of the typical rents in 2 ZIP codes, which range from $892–$930. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Galesburg, IL?
- About $642 a month: the median of the typical rents in 2 ZIP codes, which range from $573–$711. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Galesburg, IL?
- About $1,106 a month: the median of the typical rents in 2 ZIP codes, which range from $1,008–$1,204. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Galesburg, IL?
- About $703 a month: the median of the typical rents in 2 ZIP codes, which range from $703. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Galesburg, IL?
- About $1,352 a month: the median of the typical rents in 2 ZIP codes, which range from $1,241–$1,463. Figures are gross rent (rent plus tenant-paid utilities).
- Which Galesburg ZIP code has the highest rent?
- For a 2-bedroom, 61402 has the highest typical rent at $930 a month, and 61401 the lowest at $892.
- What is the property tax rate in Galesburg, IL?
- Owner-occupied homes in Knox County pay a typical 1.96% 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 Galesburg rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).