How much does it cost to rent in Oswego, IL?

As of July 2026, the median monthly rent in Oswego, IL is $2,415. This figure is based on aggregated data from public sources and community-submitted rents.

Is Oswego cheaper than other Illinois cities?

Oswego is one of the pricier cities in Illinois, ranking #27 out of 142 cities tracked at $2,415/mo.

When was Oswego rent data last updated?

Oswego rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IL

Oswego

Name: Average Rent Prices in Oswego, IL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 36,375·27th most expensive in Illinois·Rental market data updated monthly for Oswego, IL

Median rent (all units)

$2,415/mo

Year-over-Year

-1.9%

Month-over-Month

-3.4%

vs US Median

+$450

Falling (Monthly)

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Most AffordableMost Expensive

Oswego · $2,415

More expensive than 77% of US cities · National median $1,965/mo

Rent Reality Score

71/100

Good value

OverheatedFairGreat value

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

Actual rent

$2,415/mo

Expected by trend

$2,696/mo

The Rent Reality Score compares today's median rent to where Oswego's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,305

1 BR

$1,335

2 BR

$1,695

3 BR

$2,340

4 BR+

$2,475

Research median

$1,695/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$28,980/yr

At $2,415/mo median

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 1.9% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-1.9% YoY, -3.4% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Oswego, IL is majority owner-occupied, has a large share of families with children, has a median income above the national average, 44.3% of residents hold a bachelor's degree or higher.

Population

36,375

Median income

$123,792

Median age

38.7

Renters

12.1%

Age distribution

26.3%

18.9%

31.5%

12.3%

Under 1826.3%

18–3418.9%

35–5431.5%

55–6412.3%

65+11%

Gender

48.1%

51.9%

Male48.1%

Female51.9%

Race & ethnicity

64.8%

17.9%

White64.8%

Black10.4%

Hispanic17.9%

Asian4.6%

Other2.3%

Education (25+)

20.5%

31.6%

44.3%

No HS diploma3.6%

HS diploma20.5%

Some college31.6%

Bachelor's+44.3%

Housing tenure

87.9%

12.1%

Owner87.9%

Renter12.1%

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

2022 vs 2026

How Oswego, IL has changed in 5 years

Rent

$2,040 → $2,415

up 18.4%

Income

$106,790 → $123,792

up 15.9%

Population

34,324 → 36,375

up 6.0%

Renter share

12.6% → 12.1%

-0.5 pts

Bachelor's+

42.2% → 44.3%

+2.1 pts

Median age

39.3 → 38.7

-0.6 yrs

The median rent in Oswego, IL stood at $2,040 in 2022 and currently runs about $2,415, reflecting a 18.4% increase over the period. On the earnings side, the typical household in Oswego, IL now reports about $123,792, up from $106,790 in 2021. The population has grown by 6.0% since 2021, moving from about 34,324 residents to roughly 36,375. College-educated residents now make up 44.3% of adults here, versus 42.2% in 2021. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and Oswego, IL reflects that arc in its own way.

Community

Discussions about Oswego

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View Oswego rent history (2015–2026) →

Salary vs rent

Can you afford rent in Oswego on your salary?

At $2,415/mo, how Oswego rent compares to typical pay (30% rule).

Registered Nurse

Avg $96,370/yr · Rent = 30.1% income

stretched

Elementary School Teacher

Avg $68,422/yr · Rent = 42.4% income

rent-burdened

Police Officer

Avg $78,815/yr · Rent = 36.8% income

stretched

Software Developer

Avg $140,872/yr · Rent = 20.6% income

affordable

Lawyer

Avg $179,999/yr · Rent = 16.1% income

very comfortable

Firefighter

Avg $64,066/yr · Rent = 45.2% income

rent-burdened

Truck Driver

Avg $57,844/yr · Rent = 50.1% income

severely rent-burdened

Electrician

Avg $71,298/yr · Rent = 40.6% income

rent-burdened

By apartment size

Oswego rent by bedroom count

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

Local insights

Tips for renters in Oswego

About renting in Oswego, IL

Last updated: July 20, 2026

The median rent in Oswego is $2,415/mo as of July 2026. A studio apartment averages $1,305/mo while a 2-bedroom runs $1,695/mo. One-bedroom apartments average $1,335/mo and 3-bedroom units go for $2,340/mo.

At 23% of local median household income ($123,792/yr), Oswego ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

Is Oswego an affordable city for renters?

Oswego is considered very affordable for renters. At $2,415/mo, rent takes approximately 23% of the local median household income ($123,792/yr). The standard benchmark is 30%. Oswego falls comfortably within that range.

How much income do you need to rent in Oswego?

To keep rent at or below 30% of gross income, you would need to earn at least $97,000/year (~$47/hour full-time) to afford the median rent of $2,415/mo in Oswego. The local median household income is $123,792/yr, meaning the typical Oswego household meets that threshold.

Is rent going up or down in Oswego?

Rent in Oswego has decreased 1.9% over the past year as of July 2026, offering some relief compared to 12 months ago.

Which Oswego neighborhoods have the lowest rent?

The most affordable ZIP codes in Oswego are 60538 ($2,276/mo), and 60543 ($2,415/mo). Citywide, the median rent in Oswego is $2,415/mo.

How does Oswego rent compare to other cities in Illinois?

Oswego is one of the pricier cities in Illinois for rent, ranking #27 out of 142 tracked cities at $2,415/mo.

Which nearby cities are cheaper to rent in than Oswego?

Several nearby cities have lower median rents than Oswego ($2,415/mo): Batavia ($1,900/mo), North Aurora ($2,263/mo), Aurora ($2,287/mo).

What percentage of Oswego residents rent vs. own?

According to Census data, approximately 12.1% of Oswego households are renters, while 87.9% are owner-occupied. Oswego leans toward homeownership, which can mean a smaller rental inventory.

How does Oswego rent compare to the national average?

Oswego's median rent of $2,415/mo is $450 (23%) above the US national median of $1,965/mo. Within Illinois, it ranks #27 out of 142 tracked cities.

Income Affordability

23%

VERY AFFORDABLE

At $2,415/mo, rent takes ~23% of Oswego's median household income ($123,792/yr). The standard benchmark is 30%.

Oswego 23%Benchmark 30%

State income tax4.95%

Run the Oswego affordability calculator →

Nearby cities