Rents are 8% below what Lockport's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,213 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in Lockport usually run 1.8% below trend in February and 2.2% above it in July, about $89 a month apart at today's median. Based on 5 years of data.
Rent in Lockport is 0.4% below its high of $2,223 in June 2026, at $2,213 as of September 2026.
Rent in Lockport changed +1.2% over the year to September 2026. Across the 94 Illinois cities Zillow tracks, the typical change was +4.0%.
Rent rose in 7 of the last 12 months.
30% of the median household income ($111,981) is $2,800 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,430); a 4-bedroom is $2,850.
Joliet, 5 miles away, rents for 24% less ($1,675/mo), about $6,500 a year in savings.
From Zillow's monthly rent index (ZORI) for Lockport. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Lockport, IL is majority owner-occupied, has a median income above the national average, 44.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lockport, IL has changed in 5 years
Rent in Lockport, IL has climbed 45.8% since 2021, going from about $1,518 per month to roughly $2,213 today. Census figures show median household income at $111,981 today, compared with $96,481 five years earlier. Rent outpaced income growth by roughly 29.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 26,070 to 26,409 between 2021 and 2024, a 1.3% change. About 15.4% of households rent today, against 18% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 40.4% to 44.5%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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At $2,213/mo, how Lockport rent compares to typical pay (30% rule).
Lockport rent by bedroom count
Median rent for each apartment size in Lockport. Click any size for full breakdown.
Tips for renters in Lockport
Last updated: October 17, 2026
The median rent in Lockport is $2,213/mo as of October 2026. A studio apartment averages $1,570/mo while a 2-bedroom runs $1,890/mo. One-bedroom apartments average $1,670/mo and 3-bedroom units go for $2,430/mo.
At 24% of local median household income ($111,981/yr), Lockport ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.2% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Lockport?
At $2,213/mo, rent takes ~24% of Lockport's median household income ($111,981/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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