At $1,156/mo, rent takes about 22% 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 $1,156 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: October 17, 2026
What the numbers show
30% of the median household income ($62,703) is $1,568 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,410); a 4-bedroom is $1,640.
From Zillow's monthly rent index (ZORI) for Wood River. 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
Wood River, IL is majority owner-occupied, has a median income below the national average, 15.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Wood River, IL has changed in 5 years
Household income in the area moved from $58,065 to $62,703 across the same window, up 8.0% versus 2021. The renter share has risen from 29.9% to 33.2%, with owner-occupied housing accounting for the remainder.
Discussions about Wood River
No discussions yet. Start the conversation.
Can you afford rent in Wood River on your salary?
At $1,156/mo, how Wood River rent compares to typical pay (30% rule).
Wood River rent by bedroom count
Median rent for each apartment size in Wood River. Click any size for full breakdown.
Tips for renters in Wood River
Last updated: October 17, 2026
The median rent in Wood River is $1,156/mo as of October 2026. A studio apartment averages $840/mo while a 2-bedroom runs $1,090/mo. One-bedroom apartments average $880/mo and 3-bedroom units go for $1,410/mo.
At 22% of local median household income ($62,703/yr), Wood River 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 Wood River?
Is rent going up or down in Wood River?
How does Wood River rent compare to other cities in Illinois?
Which nearby cities are cheaper to rent in than Wood River?
At $1,156/mo, rent takes ~22% of Wood River's median household income ($62,703/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 Wood River.
No discussions yet.