City Report · IL

O Fallon

Pop. 32,262·91st most expensive in Illinois·Rental market data updated monthly for O Fallon, IL
Median rent (all units)
$1,599/mo
Year-over-Year
-3.9%
Month-over-Month
+1.8%
vs US Median
-$366
Rising (Monthly)
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Most AffordableMost Expensive
O Fallon · $1,599
More affordable than 69% of US cities · National median $1,965/mo
Rent Reality Score
61/100
Good value
OverheatedFairGreat value

Rents are 5% below what O Fallon's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,599/mo
Expected by trend
$1,690/mo
The Rent Reality Score compares today's median rent to where O Fallon's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,130
1 BR
$1,170
2 BR
$1,440
3 BR
$1,860
4 BR+
$2,140
Research median
$1,440/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: July 20, 2026

Annual cost
$19,188/yr
At $1,599/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 (-3.9% YoY, +1.8% MoM), not inventory.
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Demographics

Who lives here

O Fallon, IL is majority owner-occupied, has a large share of families with children, 52.4% of residents hold a bachelor's degree or higher.

Population
32,262
Median age
37.8
Renters
29.8%
Age distribution
26.2%
20.1%
26.6%
16.7%
Under 1826.2%
18–3420.1%
35–5426.6%
55–6410.5%
65+16.7%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
70.1%
16.9%
White70.1%
Black16.9%
Hispanic5.1%
Asian2.6%
Other5.2%
Education (25+)
16.8%
28.4%
52.4%
No HS diploma2.4%
HS diploma16.8%
Some college28.4%
Bachelor's+52.4%
Housing tenure
70.2%
29.8%
Owner70.2%
Renter29.8%

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

2022 vs 2026

How O Fallon, IL has changed in 5 years

Rent
$1,439 → $1,599
up 11.1%
Population
31,963 → 32,262
up 0.9%
Renter share
27.4% → 29.8%
+2.4 pts
Bachelor's+
49.5% → 52.4%
+2.9 pts

Five years ago, renters in O Fallon, IL paid around $1,439 a month. That figure now sits near $1,599, up 11.1% from the 2022 baseline. The renter share has risen from 27.4% to 29.8%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 49.5% to 52.4% across the same window. Taken together, the five-year picture in O Fallon, IL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View O Fallon rent history (2015–2026) →
Salary vs rent

Can you afford rent in O Fallon on your salary?

At $1,599/mo, how O Fallon rent compares to typical pay (30% rule).

By apartment size

O Fallon rent by bedroom count

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

Local insights

Tips for renters in O Fallon

About renting in O Fallon, IL

Last updated: July 20, 2026

The median rent in O Fallon is $1,599/mo as of July 2026. A studio apartment averages $1,130/mo while a 2-bedroom runs $1,440/mo. One-bedroom apartments average $1,170/mo and 3-bedroom units go for $1,860/mo.

At 27% of estimated US median household income ($72,000/yr), O Fallon ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.9% over the past year.

FAQ

Frequently asked questions

Is O Fallon an affordable city for renters?

O Fallon is considered affordable for renters. At $1,599/mo, rent takes approximately 27% of the US median household income ($72,000/yr). The standard benchmark is 30%. O Fallon falls comfortably within that range.

How much income do you need to rent in O Fallon?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (~$31/hour full-time) to afford the median rent of $1,599/mo in O Fallon.

Is rent going up or down in O Fallon?

Rent in O Fallon has decreased 3.9% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does O Fallon rent compare to other cities in Illinois?

O Fallon is middle-of-the-pack for Illinois for rent, ranking #91 out of 142 tracked cities at $1,599/mo.

Which nearby cities are cheaper to rent in than O Fallon?

Several nearby cities have lower median rents than O Fallon ($1,599/mo): Collinsville ($1,255/mo), Fairview Heights ($1,379/mo), Shiloh ($1,382/mo).

What percentage of O Fallon residents rent vs. own?

According to Census data, approximately 29.8% of O Fallon households are renters, while 70.2% are owner-occupied. O Fallon leans toward homeownership, which can mean a smaller rental inventory.

How does O Fallon rent compare to the national average?

O Fallon's median rent of $1,599/mo is $366 (19%) below the US national median of $1,965/mo. Within Illinois, it ranks #91 out of 142 tracked cities.
Income Affordability
27%
AFFORDABLE

At $1,599/mo, rent takes ~27% of US median household income ($72,000/yr). The standard benchmark is 30%.

O Fallon 27%Benchmark 30%
State income tax4.95%
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near O Fallon, IL

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