Rent in Mount Carmel, IL
A 2-bedroom in Mount Carmel, IL (ZIP 62863) typically rents for about $935 a month, with a range of $935–$992. Owner-occupied homes in Wabash County pay about 1.41% 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 | $375 | $375–$691 | 1 |
| 1 bed | $758 | $758 | 1 |
| 2 beds | $935 | $935–$992 | 1 |
| 3 beds | $1,091 | $1,091–$1,374 | 1 |
| 4 beds | $1,433 | $1,433 | 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).
Mount Carmel ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Mount Carmel, IL?
- About $935 a month: the median of the typical rents in 1 ZIP code, which range from $935–$992. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Mount Carmel, IL?
- About $758 a month: the median of the typical rents in 1 ZIP code, which range from $758. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Mount Carmel, IL?
- About $1,091 a month: the median of the typical rents in 1 ZIP code, which range from $1,091–$1,374. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Mount Carmel, IL?
- About $375 a month: the median of the typical rents in 1 ZIP code, which range from $375–$691. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Mount Carmel, IL?
- About $1,433 a month: the median of the typical rents in 1 ZIP code, which range from $1,433. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Mount Carmel, IL?
- Owner-occupied homes in Wabash County pay a typical 1.41% 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 Mount Carmel rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).