Rent in Waverly, IL
A 2-bedroom in Waverly, IL (ZIP 62692) typically rents for about $777 a month, with a range of $777–$930. Owner-occupied homes in Morgan County pay about 1.76% 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 | $648 | $648 | 1 |
| 1 bed | $636 | $636–$711 | 1 |
| 2 beds | $777 | $777–$930 | 1 |
| 3 beds | $936 | $936–$1,146 | 1 |
| 4 beds | $1,554 | $1,554 | 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).
Waverly ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Waverly, IL?
- About $777 a month: the median of the typical rents in 1 ZIP code, which range from $777–$930. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Waverly, IL?
- About $636 a month: the median of the typical rents in 1 ZIP code, which range from $636–$711. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Waverly, IL?
- About $936 a month: the median of the typical rents in 1 ZIP code, which range from $936–$1,146. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Waverly, IL?
- About $648 a month: the median of the typical rents in 1 ZIP code, which range from $648. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Waverly, IL?
- About $1,554 a month: the median of the typical rents in 1 ZIP code, which range from $1,554. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Waverly, IL?
- Owner-occupied homes in Morgan County pay a typical 1.76% 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 Waverly rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).