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City Report · IL

Morton

Pop. 16,595·76th most expensive in Illinois·Rental market data updated monthly for Morton, IL
Median rent (all units)
$1,799/mo
Year-over-Year
Stable
Month-over-Month
Stable
vs US Median
-$166
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Most AffordableMost Expensive
Morton · $1,799
More affordable than 51% of US cities · National median $1,965/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,799/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$72,000/yr
Local median income
$94,402/yr
Based on the 30%-of-income rule using Morton's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$800
1 BR
$880
2 BR
$1,120
3 BR
$1,450
4 BR+
$1,520
Research median
$1,120/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: March 14, 2026

Annual cost
$21,588/yr
At $1,799/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.0% YoY, +0.0% MoM), not inventory.
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Demographics

Who lives here

Morton, IL is majority owner-occupied, has a large retiree population, has a median income above the national average, 46.4% of residents hold a bachelor's degree or higher.

Population
16,595
Median income
$94,402
Median age
41.4
Renters
20.1%
Age distribution
25.9%
14.5%
25.8%
23.1%
Under 1825.9%
18–3414.5%
35–5425.8%
55–6410.7%
65+23.1%
Gender
46.1%
53.9%
Male46.1%
Female53.9%
Race & ethnicity
92.1%
White92.1%
Black0.5%
Hispanic2%
Asian2.3%
Other3.1%
Education (25+)
21.4%
29.7%
46.4%
No HS diploma2.5%
HS diploma21.4%
Some college29.7%
Bachelor's+46.4%
Housing tenure
79.9%
20.1%
Owner79.9%
Renter20.1%

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

2021 vs 2026

How Morton, IL has changed in 5 years

Income
$81,792 → $94,402
up 15.4%
Population
16,591 → 16,595
up 0.0%
Renter share
22% → 20.1%
-1.9 pts
Bachelor's+
42.8% → 46.4%
+3.6 pts

Local incomes tracked alongside that move, going from a median of $81,792 in 2021 to $94,402 more recently. Renters now make up 20.1% of households, compared with 22% five years ago. College-educated residents now make up 46.4% of adults here, versus 42.8% in 2021.

Community

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View Morton rent history (2015–2026) →
Salary vs rent

Can you afford rent in Morton on your salary?

At $1,799/mo, how Morton rent compares to typical pay (30% rule).

By apartment size

Morton rent by bedroom count

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

Local insights

Tips for renters in Morton

About renting in Morton, IL

Last updated: March 14, 2026

The median rent in Morton is $1,799/mo as of March 2026. A studio apartment averages $800/mo while a 2-bedroom runs $1,120/mo. One-bedroom apartments average $880/mo and 3-bedroom units go for $1,450/mo.

At 23% of local median household income ($94,402/yr), Morton ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Morton an affordable city for renters?

Morton is considered very affordable for renters. At $1,799/mo, rent takes approximately 23% of the local median household income ($94,402/yr). The standard benchmark is 30%. Morton falls comfortably within that range.

How much income do you need to rent in Morton?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,799/mo in Morton. The local median household income is $94,402/yr, meaning the typical Morton household meets that threshold.

Is rent going up or down in Morton?

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

How does Morton rent compare to other cities in Illinois?

Morton is middle-of-the-pack for Illinois for rent, ranking #76 out of 158 tracked cities at $1,799/mo.

Which nearby cities are cheaper to rent in than Morton?

Several nearby cities have lower median rents than Morton ($1,799/mo): Pekin ($843/mo), East Peoria ($1,000/mo), Peoria Heights ($1,161/mo).

What percentage of Morton residents rent vs. own?

According to Census data, approximately 20.1% of Morton households are renters, while 79.9% are owner-occupied. Morton leans toward homeownership, which can mean a smaller rental inventory.

How does Morton rent compare to the national average?

Morton's median rent of $1,799/mo is $166 (8%) below the US national median of $1,965/mo. Within Illinois, it ranks #76 out of 158 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $1,799/mo, rent takes ~23% of Morton's median household income ($94,402/yr). The standard benchmark is 30%.

Morton 23%Benchmark 30%
State income tax4.95%
Run the Morton affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Morton, IL

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