Rent in Putnam County, IL at a glance
2-bedroom rent (HUD)
$937$11,244 a year · HUD fiscal year 2026From October 1, 2026: $942 (+0.5%)How much rent can you afford in Putnam County, IL?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Putnam County, IL by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $646 | $7,752 | $25,840 | $12.42/hr |
| 1 bedroom | $851 | $10,212 | $34,040 | $16.37/hr |
| 2 bedroomsMost searched | $937 | $11,244 | $37,480 | $18.02/hr |
| 3 bedrooms | $1,212 | $14,544 | $48,480 | $23.31/hr |
| 4 bedrooms | $1,553 | $18,636 | $62,120 | $29.87/hr |
Cost of living in Putnam County, IL: income, prices and a budget →
Living and working in Putnam County, IL
Rent in Putnam County, IL: common questions
How much is rent going up in Putnam County, IL in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $942 for a two-bedroom, up 0.5% from $937. A one-bedroom goes from $851 to $857, a studio from $646 to $656.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Putnam County, IL?
HUD's Fair Market Rent for 2026 is $851 for a one-bedroom and $937 for a two-bedroom, utilities included. That is $11,244 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Putnam County, IL?
To keep a $937 two-bedroom at 30% of gross pay, one full-time worker needs $18.02 an hour, or $37,480 a year. A one-bedroom at $851 takes $16.37 an hour.
How much is a 1, 2 or 3-bedroom apartment in Putnam County, IL?
At HUD's 2026 Fair Market Rent: studio $646, one bedroom $851, two $937, three $1,212 and four $1,553 a month.
Is rent affordable in Putnam County, IL?
For the typical household, earning $75,590 a year ($6,299 a month, Census ACS), a two-bedroom at $937 takes 14.9% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($937 × 12) ÷ 0.30 = $37,480. Divided by 2,080 working hours, that is $18.02 an hour.