How much does it cost to rent in Rolling Meadows, IL?

As of July 2026, the median monthly rent in Rolling Meadows, IL is $1,984. This figure is based on aggregated data from public sources and community-submitted rents.

Is Rolling Meadows cheaper than other Illinois cities?

Rolling Meadows falls in the middle range for Illinois, ranking #65 out of 142 cities at $1,984/mo.

When was Rolling Meadows rent data last updated?

Rolling Meadows 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

Rolling Meadows

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

Pop. 24,027·65th most expensive in Illinois·Rental market data updated monthly for Rolling Meadows, IL

Median rent (all units)

$1,984/mo

Year-over-Year

-3.4%

Month-over-Month

+0.7%

vs US Median

+$19

Rising (Monthly)

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Most AffordableMost Expensive

Rolling Meadows · $1,984

More expensive than 58% of US cities · National median $1,965/mo

Rent Reality Score

74/100

Good value

OverheatedFairGreat value

Rents are 12% below what Rolling Meadows's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,984/mo

Expected by trend

$2,249/mo

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

Medians by bedroom

Rent by unit size

Studio

$1,620

1 BR

$1,730

2 BR

$1,950

3 BR

$2,500

4 BR+

$2,940

Research median

$1,950/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

$23,808/yr

At $1,984/mo median

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 3.4% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-3.4% YoY, +0.7% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Rolling Meadows, IL is majority owner-occupied, has a median income above the national average, 43.7% of residents hold a bachelor's degree or higher.

Population

24,027

Median income

$98,514

Median age

39.5

Renters

28.2%

Age distribution

22.3%

20.6%

28%

13%

16.1%

Under 1822.3%

18–3420.6%

35–5428%

55–6413%

65+16.1%

Gender

50.4%

49.6%

Male50.4%

Female49.6%

Race & ethnicity

54.6%

29.2%

14.3%

White54.6%

Black2.6%

Hispanic29.2%

Asian14.3%

Education (25+)

24.5%

21%

43.7%

No HS diploma10.8%

HS diploma24.5%

Some college21%

Bachelor's+43.7%

Housing tenure

71.8%

28.2%

Owner71.8%

Renter28.2%

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

2023 vs 2026

How Rolling Meadows, IL has changed in 5 years

Rent

$1,724 → $1,984

up 15.1%

Income

$81,601 → $98,514

up 20.7%

Population

24,300 → 24,027

down 1.1%

Renter share

28.4% → 28.2%

-0.2 pts

Bachelor's+

36.3% → 43.7%

+7.4 pts

Median age

38.9 → 39.5

+0.6 yrs

Five years ago, renters in Rolling Meadows, IL paid around $1,724 a month. That figure now sits near $1,984, up 15.1% from the 2023 baseline. Median household income climbed from $81,601 to $98,514 between 2021 and 2024, a 20.7% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show Rolling Meadows, IL losing about 273 residents over the five-year window, down 1.1% on net. Bachelor's-degree-or-higher attainment moved from 36.3% to 43.7% across the same window. Taken together, the five-year picture in Rolling Meadows, 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

Discussions about Rolling Meadows

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View Rolling Meadows rent history (2015–2026) →

Salary vs rent

Can you afford rent in Rolling Meadows on your salary?

At $1,984/mo, how Rolling Meadows rent compares to typical pay (30% rule).

Registered Nurse

Avg $96,370/yr · Rent = 24.7% income

affordable

Elementary School Teacher

Avg $68,422/yr · Rent = 34.8% income

stretched

Police Officer

Avg $78,815/yr · Rent = 30.2% income

stretched

Software Developer

Avg $140,872/yr · Rent = 16.9% income

very comfortable

Lawyer

Avg $179,999/yr · Rent = 13.2% income

very comfortable

Firefighter

Avg $64,066/yr · Rent = 37.2% income

stretched

Truck Driver

Avg $57,844/yr · Rent = 41.2% income

rent-burdened

Electrician

Avg $71,298/yr · Rent = 33.4% income

stretched

By apartment size

Rolling Meadows rent by bedroom count

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

Local insights

Tips for renters in Rolling Meadows

About renting in Rolling Meadows, IL

Last updated: July 20, 2026

The median rent in Rolling Meadows is $1,984/mo as of July 2026. A studio apartment averages $1,620/mo while a 2-bedroom runs $1,950/mo. One-bedroom apartments average $1,730/mo and 3-bedroom units go for $2,500/mo.

At 24% of local median household income ($98,514/yr), Rolling Meadows ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.4% over the past year.

FAQ

Frequently asked questions

Is Rolling Meadows an affordable city for renters?

Rolling Meadows is considered very affordable for renters. At $1,984/mo, rent takes approximately 24% of the local median household income ($98,514/yr). The standard benchmark is 30%. Rolling Meadows falls comfortably within that range.

How much income do you need to rent in Rolling Meadows?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (~$38/hour full-time) to afford the median rent of $1,984/mo in Rolling Meadows. The local median household income is $98,514/yr, meaning the typical Rolling Meadows household meets that threshold.

Is rent going up or down in Rolling Meadows?

Rent in Rolling Meadows has decreased 3.4% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Rolling Meadows rent compare to other cities in Illinois?

Rolling Meadows is middle-of-the-pack for Illinois for rent, ranking #65 out of 142 tracked cities at $1,984/mo.

Which nearby cities are cheaper to rent in than Rolling Meadows?

Several nearby cities have lower median rents than Rolling Meadows ($1,984/mo): Mount Prospect ($1,718/mo), Elk Grove Village ($1,781/mo), Arlington Heights ($1,949/mo).

What percentage of Rolling Meadows residents rent vs. own?

According to Census data, approximately 28.2% of Rolling Meadows households are renters, while 71.8% are owner-occupied. Rolling Meadows leans toward homeownership, which can mean a smaller rental inventory.

How does Rolling Meadows rent compare to the national average?

Rolling Meadows's median rent of $1,984/mo is $19 (1%) above the US national median of $1,965/mo. Within Illinois, it ranks #65 out of 142 tracked cities.

Income Affordability

24%

VERY AFFORDABLE

At $1,984/mo, rent takes ~24% of Rolling Meadows's median household income ($98,514/yr). The standard benchmark is 30%.

Rolling Meadows 24%Benchmark 30%

State income tax4.95%

Run the Rolling Meadows affordability calculator →

Nearby cities