Department of Numbers

Lasalle County Illinois Residential Rent and Rental Statistics

The median monthly gross residential rent in Lasalle County IL was $794 in 2017 according to the Census ACS survey.1 Average gross rent in Lasalle County was $767 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Lasalle County median and average rent data will be released in September of 2019.

Data is also available below for Lasalle County rental vacancy rates, Lasalle County rent as a percent of median income and the fraction of renters in Lasalle County.

Show dollars as: Nominal Real

Real Gross Rent in Lasalle County Illinois (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Illinois Median Gross Rent $974 +0.93% +5.07%
Lasalle County IL Median Gross Rent $794 +9.67% +13.27%

Lasalle County IL Real Gross Rent Trends

Median gross rent for Lasalle County peaked in real terms in 2006 at $812 and is now $18 (2.22%) lower. From a recent low of 634.0 in 2007, real median gross rent has now increased by $160 (25.24%). At $767, real average gross rent in Lasalle County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Lasalle County IL Median, Lasalle County IL Average, Illinois Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Lasalle County

Date US
Median
Illinois
Median
Lasalle County IL
Median
Lasalle County IL
Average
2017 $1,012 $974 $794 $767
2016 $996 $965 $724 $705
2015 $987 $963 $756 $714
2014 $956 $927 $701 $652
2013 $924 $904 $666 $713
2012 $912 $896 $680 $629
2011 $912 $900 $668 $664
2010 $927 $919 $715 $627
2009 $931 $915 $671 $680
2008 $947 $932 $788 $733
2007 $899 $892 $634 $641
2006 $909 $906 $812 $761

Lasalle County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Lasalle County Illinois was 5.69% according to Census ACS data.

Rental Vacancy Rate in Lasalle County Illinois

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Illinois 7.02% +1.01% +0.49%
Lasalle County IL

Trends in Lasalle County IL Rental Vacancy Rate

The rental vacancy rate in Lasalle County peaked in 2014 at 11.89%. Since then it has fallen by 6.20% to 5.69%. Data records for this series originated in 2005.

Rental Vacancy Rate: Lasalle County IL, Illinois, US

Rental vacancy rate in Illinois

Historical Rental Vacancy Rate data for Lasalle County

Date US Illinois Lasalle County IL
2017 6.18% 7.02%
2016 5.89% 6.01% 5.69%
2015 5.85% 6.21% 4.75%
2014 6.32% 6.53% 11.89%
2013 6.49% 6.16% 4.67%
2012 6.77% 6.39% 7.71%
2011 7.40% 7.35% 6.34%
2010 8.17% 7.66% 3.93%
2009 8.43% 7.84% 6.44%
2008 7.86% 6.87% 6.30%
2007 7.87% 7.69% 8.03%
2006 7.70% 8.69% 4.51%

Rent as a Fraction of Income

Using median household income data for Lasalle County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lasalle County, median monthly gross rent as a fraction of median household income was 16.75% in 2017 according to the ACS.

Lasalle County Illinois Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Illinois 18.55% -0.15% -0.35%
Lasalle County IL 16.75% +1.86% +0.45%

Trends in Lasalle County IL Rent as a Fraction of Income

The fraction of median Lasalle County household income required to pay median monthly gross rent peaked in 2006 (relative to the 2005 series origin) at 17.54%. Since then it has fallen by 0.79% to 16.75%. From a 2009 low of 13.68%, the fraction of income going to rent has increased by 3.07%.

Fraction of Income towards Rent: Lasalle County IL, Illinois, US

Percent of median household income going towards median monthly gross rent in Lasalle County Illinois

Historical Data for Annual Rent as a Fraction of Income in Lasalle County Illinois

Date US Illinois Lasalle County IL
2017 20.13% 18.55% 16.75%
2016 20.43% 18.70% 14.89%
2015 20.63% 18.85% 16.98%
2014 20.89% 18.91% 16.30%
2013 20.78% 18.89% 16.11%
2012 20.65% 18.89% 16.08%
2011 20.70% 19.36% 15.65%
2010 20.50% 19.21% 15.78%
2009 20.12% 18.41% 13.68%
2008 19.00% 17.31% 16.61%
2007 18.66% 17.36% 13.87%
2006 18.90% 17.56% 17.54%

Renter Fraction in Lasalle County Illinois

You can calculate the renter fraction in Lasalle County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Lasalle County as a fraction of total Lasalle County households. In 2017 29.30% of households were renters according to Census ACS data.

Lasalle County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Illinois 33.82% -0.92% -0.69%
Lasalle County IL 29.30% +1.36% +3.84%

Trends in the Lasalle County IL Renter Fraction

At 29.30%, the 2017 household based renter fraction in Lasalle County was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Lasalle County IL, Illinois, US

Fraction of renters in Lasalle County

History of Lasalle County Renter Fraction

Date US Illinois Lasalle County IL
2017 36.13% 33.82% 29.30%
2016 36.88% 34.74% 27.94%
2015 36.97% 34.72% 29.23%
2014 36.90% 34.51% 25.46%
2013 36.50% 34.06% 26.10%
2012 36.09% 33.40% 26.02%
2011 35.42% 32.65% 25.11%
2010 34.65% 32.27% 24.30%
2009 34.13% 32.00% 21.60%
2008 33.36% 30.73% 24.61%
2007 32.80% 29.94% 27.61%
2006 32.73% 30.12% 25.60%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.