Rent in Peotone, IL
A 2-bedroom in Peotone, IL (ZIP 60468) typically rents for about $1,248 a month, with a range of $1,065–$1,430. Owner-occupied homes in Will County pay about 2.24% 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 | $1,180 | $1,180–$1,678 | 1 |
| 1 bed | $1,070 | $879–$1,260 | 1 |
| 2 beds | $1,248 | $1,065–$1,430 | 1 |
| 3 beds | $1,830 | $1,830–$2,586 | 1 |
| 4 beds | $2,090 | $2,090–$2,954 | 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), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Peotone ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Peotone, IL?
- About $1,248 a month: the median of the typical rents in 1 ZIP code, which range from $1,065–$1,430. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Peotone, IL?
- About $1,070 a month: the median of the typical rents in 1 ZIP code, which range from $879–$1,260. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Peotone, IL?
- About $1,830 a month: the median of the typical rents in 1 ZIP code, which range from $1,830–$2,586. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Peotone, IL?
- About $1,180 a month: the median of the typical rents in 1 ZIP code, which range from $1,180–$1,678. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Peotone, IL?
- About $2,090 a month: the median of the typical rents in 1 ZIP code, which range from $2,090–$2,954. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Peotone, IL?
- Owner-occupied homes in Will County pay a typical 2.24% 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 Peotone rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).