Homes & Apartments for Rent in Loami, IL

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What to Know About

Life in Loami & Beyond

Loami 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

Loami, IL

As of June 2026, Loami's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Loami's average rent is 43.9% ($744) lower than the Illinois average of $1,694 and 47.1% ($847) lower than the U.S. average of $1,797.

Average Rent
$950
Monthly ChangeMonth Over Month Change
Increased1.8% ($17)
Yearly ChangeYear Over Year Change
Increased2.6% ($24)
Avg. Days on MarketAverage Days on Market
25
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $786 Increased5.6% ($42) Increased8.4% ($61)
2 Beds $950 Increased1.8% ($17) Increased2.9% ($27)
3 Beds $1,132 Increased5.3% ($57) Increased5.3% ($57)
Nearby Cities Average Rent Avg. Rent vs. LoamiAverage Rent vs. Loami Avg. Days on MarketAverage Days on Market
Chatham $1,413 Increased48.7% ($463) 26 days
Auburn $1,145 Increased20.5% ($195) 28 days
Divernon $743 Decreased21.8% ($207) 26 days
Springfield $925 Decreased2.6% ($25) 25 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Loami Rental Market FAQs

Explore rental prices, market trends, and availability in Loami, IL.

The average rent in Loami, IL is $950 per month.
Homes in Loami typically rent for between $600 and $1,472 per month, with an average of $950 per month.
In Loami, the average rent for a 1-bedroom home is $786 per month, for a 2-bedroom home, $950 per month, and a 3-bedroom home is $1,132 per month.
The average rent in Loami is 47.1% ($847) lower than the national average of $1,797 per month.
The average rent in Loami has increased by 1.8% ($17) in the last month and increased by 2.6% ($24) over the past year.
The rental market in Loami, IL, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Loami, IL, the average rental stays on the market for approximately 25 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1 rental property available in Loami, IL.
Based on the current averages, a household would need an annual income of $38,000 to comfortably afford a 2-bedroom home in Loami.
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