Rent in Richmond, IL
A 2-bedroom in Richmond, IL (ZIP 60071) typically rents for about $1,656 a month, with a range of $1,650–$1,661. Owner-occupied homes in McHenry County pay about 2.36% 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 | $1,299 | $1,218–$1,380 | 1 |
| 1 bed | $1,283 | $1,105–$1,460 | 1 |
| 2 beds | $1,656 | $1,650–$1,661 | 1 |
| 3 beds | $1,935 | $1,750–$2,120 | 1 |
| 4 beds | $2,420 | $2,420–$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).
Richmond ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Richmond, IL?
- About $1,656 a month: the median of the typical rents in 1 ZIP code, which range from $1,650–$1,661. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Richmond, IL?
- About $1,283 a month: the median of the typical rents in 1 ZIP code, which range from $1,105–$1,460. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Richmond, IL?
- About $1,935 a month: the median of the typical rents in 1 ZIP code, which range from $1,750–$2,120. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Richmond, IL?
- About $1,299 a month: the median of the typical rents in 1 ZIP code, which range from $1,218–$1,380. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Richmond, IL?
- About $2,420 a month: the median of the typical rents in 1 ZIP code, which range from $2,420–$2,954. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Richmond, IL?
- Owner-occupied homes in McHenry County pay a typical 2.36% 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 Richmond 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).