States › Illinois › Collinsville

Is Collinsville, IL expensive to live in?

CheapRent takes 14 cents of every $1 people earn here.
🏠 Rent per month (2026)$87750% lower than U.S. average
💵 Families earn per year (2026)$72,920about $6,077/month · 16% lower than U.S. average
🔑 House price$163,60051% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $35,080 a year. That is $17 an hour at a full-time job.

Is rent cheaper than other Illinois cities?

Yes. Rent here is cheaper than in most of Illinois. It is number 30 of 334 cities from cheapest to most expensive.

Collinsville
$877
Rolling Meadows
$2,486
Kankakee
$1,179
Elmwood Park
$1,451
South Elgin
$1,664
Westmont
$1,969
Yorkville
$1,838

How much do households earn in Collinsville?

Under $25k
14.4%
$25k–50k
23.9%
$50k–100k
39.9%
$100k–150k
11.7%
$150k+
5.5%

Share of households by yearly income. 17.2% of households earn $100,000 or more.

Rent by apartment size in Collinsville

SizeCollinsvilleU.S. average
Studio$999$1,338
1 bedroom$800$1,324
2 bedrooms$1,180$1,509
3 bedrooms$1,550$1,698
4 bedrooms$1,993$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Collinsville overall?

Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).

Housing
94
Goods (food, clothes…)
104
Utilities
85
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Collinsville, so the Illinois figure is shown.

Taxes and bills in Collinsville

🏛️ Property tax$2,724a year · 1.67% of home value · U.S. $3,119
⚡ Electric bill$189a month (typical) · U.S. $156

Life in Collinsville

Commute to work24.2 minU.S.: 26.4 min
College degree31%U.S.: 35.7%
Own their home66%U.S.: 65.2%
Below poverty line12%U.S.: 12.5%
Unemployment4.7%U.S.: 5.2%

Is it cheaper to rent or buy in Collinsville?

Renting is cheaper right now: about $258 a month less.

Renting
$877
Owning
$1,135

Owning assumes a typical $163,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,360 for the down payment.

Frequently asked questions

What is the average rent in Collinsville, IL?

Renting in Collinsville costs a median of about $877 a month in 2026, including utilities. The Illinois median is $1,517.

How much do I need to make to live in Collinsville?

To keep rent under 30% of income, you need about $35,080 a year, or $17 an hour at a full-time job.

Is Collinsville cheap or expensive?

Collinsville is rated Cheap: rent takes 14.4% of the typical household income of $72,920. It ranks 30th cheapest of 334 Illinois cities we track.

How much are property taxes in Collinsville?

The median homeowner in Collinsville pays $2,724 a year in property taxes, about 1.67% of the median home value.

Is Collinsville more expensive than the national average?

Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Collinsville?

The median home value in Collinsville is $163,600, about 2.2 times the typical yearly household income.

24,031 people live in Collinsville. Numbers are typical (middle) values.