Rent in Hillsboro, IL
A 2-bedroom in Hillsboro, IL (ZIP 62049) typically rents for about $736 a month, with a range of $736–$930. Owner-occupied homes in Montgomery County pay about 1.68% 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 | $700 | $700 | 1 |
| 1 bed | $345 | $345–$716 | 1 |
| 2 beds | $736 | $736–$930 | 1 |
| 3 beds | $932 | $932–$1,108 | 1 |
| 4 beds | $1,277 | $1,277 | 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).
Hillsboro ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Hillsboro, IL?
- About $736 a month: the median of the typical rents in 1 ZIP code, which range from $736–$930. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Hillsboro, IL?
- About $345 a month: the median of the typical rents in 1 ZIP code, which range from $345–$716. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Hillsboro, IL?
- About $932 a month: the median of the typical rents in 1 ZIP code, which range from $932–$1,108. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Hillsboro, IL?
- About $700 a month: the median of the typical rents in 1 ZIP code, which range from $700. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Hillsboro, IL?
- About $1,277 a month: the median of the typical rents in 1 ZIP code, which range from $1,277. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Hillsboro, IL?
- Owner-occupied homes in Montgomery County pay a typical 1.68% 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 Hillsboro rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).