At $1,789/mo, rent takes about 18% of the local median household income, comfortably within the 30% benchmark.
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 $1,789 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: September 25, 2026
What the numbers show
30% of the median household income ($118,586) is $2,965 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,710).
From Zillow's monthly rent index (ZORI) for Mahomet. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
Who lives here
Mahomet, IL is majority owner-occupied, has a large share of families with children, has a median income above the national average, 54.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Mahomet, IL has changed in 5 years
Local incomes tracked alongside that move, going from a median of $122,386 in 2021 to $118,586 more recently. Census counts show Mahomet, IL adding about 752 residents over the five-year window, up 8.1% on net. The renter share has risen from 13.7% to 20.5%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 48.4% to 54.2% across the same window.
Discussions about Mahomet
No discussions yet. Start the conversation.
Can you afford rent in Mahomet on your salary?
At $1,789/mo, how Mahomet rent compares to typical pay (30% rule).
Mahomet rent by bedroom count
Median rent for each apartment size in Mahomet. Click any size for full breakdown.
Tips for renters in Mahomet
Last updated: September 25, 2026
The median rent in Mahomet is $1,789/mo as of September 2026. A studio apartment averages $1,080/mo while a 2-bedroom runs $1,290/mo. One-bedroom apartments average $1,090/mo and 3-bedroom units go for $1,680/mo.
At 18% of local median household income ($118,586/yr), Mahomet ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Mahomet?
Is rent going up or down in Mahomet?
How does Mahomet rent compare to other cities in Illinois?
Which nearby cities are cheaper to rent in than Mahomet?
At $1,789/mo, rent takes ~18% of Mahomet's median household income ($118,586/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Mahomet.
No discussions yet.