Rent in Hamilton, IL
A 2-bedroom in Hamilton, IL (ZIP 62341) typically rents for about $1,012 a month, with a range of $930–$1,012. Owner-occupied homes in Hancock County pay about 1.81% 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 | $772 | $772 | 1 |
| 2 beds | $1,012 | $930–$1,012 | 1 |
| 3 beds | $728 | $728–$1,116 | 1 |
| 4 beds | $1,222 | $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).
Hamilton ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Hamilton, IL?
- About $1,012 a month: the median of the typical rents in 1 ZIP code, which range from $930–$1,012. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Hamilton, IL?
- About $772 a month: the median of the typical rents in 1 ZIP code, which range from $772. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Hamilton, IL?
- About $728 a month: the median of the typical rents in 1 ZIP code, which range from $728–$1,116. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Hamilton, 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 Hamilton, IL?
- About $1,222 a month: the median of the typical rents in 1 ZIP code, which range from $1,222. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Hamilton, IL?
- Owner-occupied homes in Hancock County pay a typical 1.81% 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 Hamilton rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).