Rent in Michael, IL
A 2-bedroom in Michael, IL (ZIP 62065) typically rents for about $960 a month, with a range of $960–$1,349. Owner-occupied homes in Calhoun County pay about 1.39% 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 | $760 | $760–$1,064 | 1 |
| 1 bed | $790 | $790–$1,104 | 1 |
| 2 beds | $960 | $960–$1,349 | 1 |
| 3 beds | $1,230 | $1,230–$1,731 | 1 |
| 4 beds | $1,420 | $1,420–$1,997 | 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 HUD county Fair Market Rents (Oct 1, 2026).
Michael ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Michael, IL?
- About $960 a month: the median of the typical rents in 1 ZIP code, which range from $960–$1,349. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Michael, IL?
- About $790 a month: the median of the typical rents in 1 ZIP code, which range from $790–$1,104. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Michael, IL?
- About $1,230 a month: the median of the typical rents in 1 ZIP code, which range from $1,230–$1,731. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Michael, IL?
- About $760 a month: the median of the typical rents in 1 ZIP code, which range from $760–$1,064. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Michael, IL?
- About $1,420 a month: the median of the typical rents in 1 ZIP code, which range from $1,420–$1,997. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Michael, IL?
- Owner-occupied homes in Calhoun County pay a typical 1.39% 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 Michael rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026) and HUD county Fair Market Rents (Oct 1, 2026).