Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
Viewing 1-6 of 6 rentals in 61080
What to Know About
Life in South Beloit & Beyond
South Beloit 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
South Beloit, IL
As of June 2026, South Beloit's rental market is balanced, with an even mix of renter demand and available inventory leading to typical leasing times. South Beloit's average rent is 32.1% ($544) lower than the Illinois average of $1,694 and 36.0% ($647) lower than the U.S. average of $1,797.
Average Rent
$1,150
Monthly ChangeMonth Over Month Change
4% ($44)
Yearly ChangeYear Over Year Change
10.3% ($132)
Avg. Days on MarketAverage Days on Market
55
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $952 | 1.6% ($15) | 5.4% ($54) |
| 2 Beds | $1,150 | 4% ($44) | 11.3% ($146) |
| 3 Beds | $1,370 | 7.5% ($96) | 6% ($87) |
| Nearby Cities | Average Rent | Avg. Rent vs. South BeloitAverage Rent vs. South Beloit | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Roscoe | $1,661 | 44.4% ($511) | 54 days |
| Beloit | $1,171 | 1.8% ($21) | 40 days |
| Machesney Park | $1,261 | 9.7% ($111) | 54 days |
| Clinton | $1,377 | 19.7% ($227) | 37 days |
| Loves Park | $1,597 | 38.9% ($447) | 58 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
South Beloit Rental Market FAQs
Explore rental prices, market trends, and availability in South Beloit, IL.
The average rent in South Beloit, IL is $1,150 per month.
Homes in South Beloit typically rent for between $666 and $1,781 per month, with an average of $1,150 per month.
In South Beloit, the average rent for a 1-bedroom home is $952 per month, for a 2-bedroom home, $1,150 per month, and a 3-bedroom home is $1,370 per month.
The average rent in South Beloit is 36% ($647) lower than the national average of $1,797 per month.
The average rent in South Beloit has increased by 4.0% ($44) in the last month and decreased by 10.3% ($132) over the past year.
The rental market in South Beloit, IL, is currently balanced, with an even mix of renter demand and available inventory leading to typical leasing times.
In South Beloit, IL, the average rental stays on the market for approximately 55 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 6 rental properties available in South Beloit, IL.
Based on the current averages, a household would need an annual income of $46,000 to comfortably afford a 2-bedroom home in South Beloit.
