Rent in Newark, IL
A 2-bedroom in Newark, IL (ZIP 60541) typically rents for about $1,018 a month, with a range of $1,018–$2,341. Owner-occupied homes in Kendall County pay about 2.37% 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 | $1,778 | $1,778 | 1 |
| 1 bed | $1,790 | $1,790 | 1 |
| 2 beds | $1,018 | $1,018–$2,341 | 1 |
| 3 beds | $2,094 | $2,094–$3,042 | 1 |
| 4 beds | $1,656 | $1,656–$3,238 | 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).
Newark ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Newark, IL?
- About $1,018 a month: the median of the typical rents in 1 ZIP code, which range from $1,018–$2,341. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Newark, IL?
- About $1,790 a month: the median of the typical rents in 1 ZIP code, which range from $1,790. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Newark, IL?
- About $2,094 a month: the median of the typical rents in 1 ZIP code, which range from $2,094–$3,042. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Newark, IL?
- About $1,778 a month: the median of the typical rents in 1 ZIP code, which range from $1,778. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Newark, IL?
- About $1,656 a month: the median of the typical rents in 1 ZIP code, which range from $1,656–$3,238. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Newark, IL?
- Owner-occupied homes in Kendall County pay a typical 2.37% 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 Newark rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).