Rent in Paxton, IL
A 2-bedroom in Paxton, IL (ZIP 60957) typically rents for about $698 a month, with a range of $698–$930. Owner-occupied homes in Ford County pay about 2.12% 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 | $706 | $706 | 1 |
| 1 bed | $390 | $390–$711 | 1 |
| 2 beds | $698 | $698–$930 | 1 |
| 3 beds | $1,049 | $1,049–$1,288 | 1 |
| 4 beds | $1,399 | $1,399 | 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).
Paxton ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Paxton, IL?
- About $698 a month: the median of the typical rents in 1 ZIP code, which range from $698–$930. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Paxton, IL?
- About $390 a month: the median of the typical rents in 1 ZIP code, which range from $390–$711. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Paxton, IL?
- About $1,049 a month: the median of the typical rents in 1 ZIP code, which range from $1,049–$1,288. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Paxton, IL?
- About $706 a month: the median of the typical rents in 1 ZIP code, which range from $706. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Paxton, IL?
- About $1,399 a month: the median of the typical rents in 1 ZIP code, which range from $1,399. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Paxton, IL?
- Owner-occupied homes in Ford County pay a typical 2.12% 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 Paxton rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).