Homes & Apartments for Rent in Cherry Valley, IL

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What to Know About

Life in Cherry Valley & Beyond

Cherry Valley shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Cherry Valley, IL

As of June 2026, Cherry Valley's rental market is balanced, with an even mix of renter demand and available inventory leading to typical leasing times. Cherry Valley's average rent is 17.2% ($292) lower than the Illinois average of $1,694 and 22.0% ($395) lower than the U.S. average of $1,797.

Average Rent
$1,402
Monthly ChangeMonth Over Month Change
Increased0.1% ($2)
Yearly ChangeYear Over Year Change
Increased14.3% ($175)
Avg. Days on MarketAverage Days on Market
56
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,202 Increased0.4% ($5) Increased0.8% ($10)
2 Beds $1,452 Increased0.1% ($2) Decreased4.3% ($66)
3 Beds $1,730 Increased6.4% ($104) Decreased2.1% ($38)
Nearby Cities Average Rent Avg. Rent vs. Cherry ValleyAverage Rent vs. Cherry Valley Avg. Days on MarketAverage Days on Market
Belvidere $1,297 Decreased7.5% ($105) 37 days
Rockford $1,073 Decreased23.5% ($329) 35 days
Loves Park $1,597 Increased13.9% ($195) 58 days
Machesney Park $1,261 Decreased10.1% ($141) 54 days
Roscoe $1,661 Increased18.5% ($259) 54 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Cherry Valley Rental Market FAQs

Explore rental prices, market trends, and availability in Cherry Valley, IL.

The average rent in Cherry Valley, IL is $1,402 per month.
Homes in Cherry Valley typically rent for between $841 and $2,249 per month, with an average of $1,402 per month.
In Cherry Valley, the average rent for a 1-bedroom home is $1,202 per month, for a 2-bedroom home, $1,452 per month, and a 3-bedroom home is $1,730 per month.
The average rent in Cherry Valley is 22% ($395) lower than the national average of $1,797 per month.
The average rent in Cherry Valley has increased by 0.1% ($2) in the last month and increased by 14.3% ($175) over the past year.
The rental market in Cherry Valley, IL, is currently balanced, with an even mix of renter demand and available inventory leading to typical leasing times.
In Cherry Valley, IL, the average rental stays on the market for approximately 56 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 2 rental properties available in Cherry Valley, IL.
Based on the current averages, a household would need an annual income of $58,080 to comfortably afford a 2-bedroom home in Cherry Valley.
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