Rent in Waterman, IL
A 2-bedroom in Waterman, IL (ZIP 60556) typically rents for about $990 a month, with a range of $990–$1,481. Owner-occupied homes in DeKalb County pay about 2.45% 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 | $1,052 | $1,052 | 1 |
| 1 bed | $1,155 | $1,155 | 1 |
| 2 beds | $990 | $990–$1,481 | 1 |
| 3 beds | $2,006 | $2,006 | 1 |
| 4 beds | $2,301 | $2,301 | 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).
Waterman ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Waterman, IL?
- About $990 a month: the median of the typical rents in 1 ZIP code, which range from $990–$1,481. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Waterman, IL?
- About $1,155 a month: the median of the typical rents in 1 ZIP code, which range from $1,155. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Waterman, IL?
- About $2,006 a month: the median of the typical rents in 1 ZIP code, which range from $2,006. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Waterman, IL?
- About $1,052 a month: the median of the typical rents in 1 ZIP code, which range from $1,052. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Waterman, IL?
- About $2,301 a month: the median of the typical rents in 1 ZIP code, which range from $2,301. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Waterman, IL?
- Owner-occupied homes in DeKalb County pay a typical 2.45% 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 Waterman rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).