Rent in Shannon, IL
A 2-bedroom in Shannon, IL (ZIP 61078) typically rents for about $929 a month, with a range of $929–$930. Owner-occupied homes in Carroll County pay about 1.99% 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 | $749 | $749 | 1 |
| 1 bed | $754 | $754 | 1 |
| 2 beds | $929 | $929–$930 | 1 |
| 3 beds | $633 | $633–$1,207 | 1 |
| 4 beds | $1,453 | $1,453 | 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).
Shannon ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Shannon, IL?
- About $929 a month: the median of the typical rents in 1 ZIP code, which range from $929–$930. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Shannon, IL?
- About $754 a month: the median of the typical rents in 1 ZIP code, which range from $754. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Shannon, IL?
- About $633 a month: the median of the typical rents in 1 ZIP code, which range from $633–$1,207. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Shannon, IL?
- About $749 a month: the median of the typical rents in 1 ZIP code, which range from $749. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Shannon, IL?
- About $1,453 a month: the median of the typical rents in 1 ZIP code, which range from $1,453. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Shannon, IL?
- Owner-occupied homes in Carroll County pay a typical 1.99% 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 Shannon rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).