Rent in Granite City, IL
A 2-bedroom in Granite City, IL (ZIP 62040) typically rents for about $1,031 a month, with a range of $921–$1,140. Owner-occupied homes in Madison County pay about 1.92% 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 | $828 | $755–$900 | 1 |
| 1 bed | $752 | $573–$930 | 1 |
| 2 beds | $1,031 | $921–$1,140 | 1 |
| 3 beds | $1,383 | $1,305–$1,460 | 1 |
| 4 beds | $1,544 | $1,397–$1,690 | 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) and Census ACS 5-year median gross rent (Dec 31, 2024).
Granite City ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Granite City, IL?
- About $1,031 a month: the median of the typical rents in 1 ZIP code, which range from $921–$1,140. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Granite City, IL?
- About $752 a month: the median of the typical rents in 1 ZIP code, which range from $573–$930. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Granite City, IL?
- About $1,383 a month: the median of the typical rents in 1 ZIP code, which range from $1,305–$1,460. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Granite City, IL?
- About $828 a month: the median of the typical rents in 1 ZIP code, which range from $755–$900. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Granite City, IL?
- About $1,544 a month: the median of the typical rents in 1 ZIP code, which range from $1,397–$1,690. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Granite City, IL?
- Owner-occupied homes in Madison County pay a typical 1.92% 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 Granite City rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026) and Census ACS 5-year median gross rent (Dec 31, 2024).