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City Report · IL

Machesney Park

Pop. 22,630·102nd most expensive in Illinois·Rental market data updated monthly for Machesney Park, IL
Median rent (all units)
$1,469/mo
Year-over-Year
Stable
Month-over-Month
+14.8%
vs US Median
-$493
Rising (Monthly)
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Most AffordableMost Expensive
Machesney Park · $1,469
More affordable than 78% of US cities · National median $1,962/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,469/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$59,000/yr
Local median income
$75,489/yr
Based on the 30%-of-income rule using Machesney Park's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$940
1 BR
$1,040
2 BR
$1,370
3 BR
$1,810
4 BR+
$1,860
Fair Market Rent (HUD)
$1,370/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,469 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 →

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$17,628/yr
At $1,469/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +14.8% MoM), not inventory.
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Demographics

Who lives here

Machesney Park, IL is majority owner-occupied, 19.4% of residents hold a bachelor's degree or higher.

Population
22,630
Median income
$75,489
Median age
40.3
Renters
20.4%
Age distribution
23.6%
19.3%
27.3%
12.4%
17.4%
Under 1823.6%
18–3419.3%
35–5427.3%
55–6412.4%
65+17.4%
Gender
48.9%
51.1%
Male48.9%
Female51.1%
Race & ethnicity
84%
White84%
Black2%
Hispanic8.6%
Asian2.1%
Other3.2%
Education (25+)
34.8%
36.5%
19.4%
No HS diploma9.2%
HS diploma34.8%
Some college36.5%
Bachelor's+19.4%
Housing tenure
79.6%
20.4%
Owner79.6%
Renter20.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Machesney Park, IL has changed in 5 years

Income
$65,442 → $75,489
up 15.4%
Population
22,870 → 22,630
down 1.0%
Renter share
21.9% → 20.4%
-1.5 pts
Bachelor's+
17.6% → 19.4%
+1.8 pts
Median age
39.4 → 40.3
+0.9 yrs

Median household income rose from $65,442 to $75,489 between 2021 and 2024, a 15.4% shift. The population has contracted by 1.0% since 2021, moving from about 22,870 residents to roughly 22,630. Renters now make up 20.4% of households, compared with 21.9% five years ago.

Community

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View Machesney Park rent history (2015–2026) →
Salary vs rent

Can you afford rent in Machesney Park on your salary?

At $1,469/mo, how Machesney Park rent compares to typical pay (30% rule).

By apartment size

Machesney Park rent by bedroom count

Median rent for each apartment size in Machesney Park. Click any size for full breakdown.

Local insights

Tips for renters in Machesney Park

About renting in Machesney Park, IL

Last updated: July 20, 2026

The median rent in Machesney Park is $1,469/mo as of July 2026. A studio apartment averages $940/mo while a 2-bedroom runs $1,370/mo. One-bedroom apartments average $1,040/mo and 3-bedroom units go for $1,810/mo.

At 23% of local median household income ($75,489/yr), Machesney Park ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Machesney Park an affordable city for renters?

Machesney Park is considered very affordable for renters. At $1,469/mo, rent takes approximately 23% of the local median household income ($75,489/yr). The standard benchmark is 30%. Machesney Park falls comfortably within that range.

How much income do you need to rent in Machesney Park?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (~$28/hour full-time) to afford the median rent of $1,469/mo in Machesney Park. The local median household income is $75,489/yr, meaning the typical Machesney Park household meets that threshold.

Is rent going up or down in Machesney Park?

Rent in Machesney Park has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Machesney Park rent compare to other cities in Illinois?

Machesney Park is one of the more affordable cities in Illinois for rent, ranking #102 out of 142 tracked cities at $1,469/mo.

Which nearby cities are cheaper to rent in than Machesney Park?

Several nearby cities have lower median rents than Machesney Park ($1,469/mo): Rockford ($1,204/mo), Janesville ($1,216/mo), Beloit ($1,337/mo).

What percentage of Machesney Park residents rent vs. own?

According to Census data, approximately 20.4% of Machesney Park households are renters, while 79.6% are owner-occupied. Machesney Park leans toward homeownership, which can mean a smaller rental inventory.

How does Machesney Park rent compare to the national average?

Machesney Park's median rent of $1,469/mo is $493 (25%) below the US national median of $1,962/mo. Within Illinois, it ranks #102 out of 142 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $1,469/mo, rent takes ~23% of Machesney Park's median household income ($75,489/yr). The standard benchmark is 30%.

Machesney Park 23%Benchmark 30%
State income tax4.95%
Run the Machesney Park affordability calculator →
Lowest-rent ZIP codes in Machesney Park
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Machesney Park, IL

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