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Rental Market Trends in Kankakee, IL

What is the average rent in Kankakee, IL?

$1,029/month

Average Rent

245 Sq Ft

Average Apartment Size

+0.9%

Increase in the Last Year

Kankakee, IL Rental Market Overview

The average rent in Kankakee, IL is $1,029 per month. This is 38% lower than the national average rent of $1,661/month, making renting in Kankakee more affordable than most cities in the US.

  • Studio apartments in Kankakee average per month.
  • One-bedroom apartments in Kankakee average $1,029 per month.
  • Two-bedroom apartments in Kankakee average $994 per month.
  • Three-bedroom apartments in Kankakee average $1,421 or more per month.

Data Updated: July 1, 2026

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,029/month
245 Sq Ft
Two Bedroom
$994/month
851 Sq Ft
Three Bedroom
$1,421/month
1,125 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Kankakee, IL?

In the past year, rent has increased by 0.9%, which averages out to $9 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Kankakee, IL
Last Updated July 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Kankakee, IL
Percentage*
Rent Range
20% Below $700/month
20% $700 - $1,000/month
40% $1,001 - $1,500/month
20% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Kankakee, IL?

Because the average rent in Kankakee is $1,029, you’ll want to make about $3,430 per month or $41,160 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Kankakee, IL is 12.7% lower than the national average. Generally, housing in Kankakee is 33.1% less expensive than the national average, with rent falling between $0 - $1,421. You can expect to pay 0.9% less for groceries, 6.8% less for utilities, and 4.6% less for transportation.

City

Kankakee, IL

12 Available Apartments for Rent

Search for Nearby Apartments

How does Kankakee, IL compare to other nearby cities and neighborhoods?

Use the tool below to compare Kankakee, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Apartment Communities in Kankakee We Think You'll Love

1304 E North St

1304 E North St

1304 E North St,
Bradley, IL 60915

2 Beds | $1,100

1827 Pierson Pkwy

1827 Pierson Pkwy

1827 Pierson Pkwy,
Kankakee, IL 60901

4 Beds | $1,800

319 S 5th Ave

319 S 5th Ave

319 S 5th Ave,
Kankakee, IL 60901

2 Beds | $1,195

1017 N Schuyler Ave

1017 N Schuyler Ave

1017 N Schuyler Ave,
Kankakee, IL 60901

2 Beds | $1,350

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Frequently Asked Questions

What is the average rent in Kankakee?

The average rent in Kankakee is $1,029 per month, which is 38.0% lower than the national average of $1,661.

Are rents going up or down in Kankakee?

Rents in Kankakee, IL are increasing, with prices up 0.9% year-over-year and $9 more per month.

What rent range is most common in Kankakee?

In Kankakee, IL, 40% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

United States Illinois Kankakee Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity