States › Illinois › South Beloit

Is South Beloit, IL expensive to live in?

CheapRent takes 15 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,07539% lower than U.S. average
💵 Families earn per year (2026)$84,787about $7,066/month · 3% lower than U.S. average
🔑 House price$173,00048% lower than U.S. average

Rent is lower than in 83% of 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 $43,000 a year. That is $21 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 68 of 334 cities from cheapest to most expensive.

South Beloit
$1,075
Silvis
$1,067
Round Lake Park
$1,550
Rockton
$1,079
Princeton
$991
Lincolnshire
$3,161
West Dundee
$1,720

How much do households earn in South Beloit?

Under $25k
14.2%
$25k–50k
26.1%
$50k–100k
37.3%
$100k–150k
16.7%
$150k+
5.5%

Share of households by yearly income. 22.1% of households earn $100,000 or more.

Rent by apartment size in South Beloit

SizeSouth BeloitU.S. average
1 bedroom$685$1,324
2 bedrooms$1,095$1,509
3 bedrooms$1,832$1,698

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

How expensive is South Beloit 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 South Beloit, so the Illinois figure is shown.

Taxes and bills in South Beloit

🏛️ Property tax$3,656a year · 2.11% of home value · U.S. $3,119
⚡ Electric bill$154a month (typical) · U.S. $156

Life in South Beloit

Commute to work24.8 minU.S.: 26.4 min
College degree28.4%U.S.: 35.7%
Own their home69%U.S.: 65.2%
Below poverty line8%U.S.: 12.5%
Unemployment5.9%U.S.: 5.2%

Is it cheaper to rent or buy in South Beloit?

Renting is cheaper right now: about $125 a month less.

Renting
$1,075
Owning
$1,200

Owning assumes a typical $173,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,300 for the down payment.

Frequently asked questions

What is the average rent in South Beloit, IL?

Renting in South Beloit costs a median of about $1,075 a month in 2026, including utilities. The Illinois median is $1,517.

How much do I need to make to live in South Beloit?

To keep rent under 30% of income, you need about $43,000 a year, or $21 an hour at a full-time job.

Is South Beloit cheap or expensive?

South Beloit is rated Cheap: rent takes 15.2% of the typical household income of $84,787. It ranks 68th cheapest of 334 Illinois cities we track.

How much are property taxes in South Beloit?

The median homeowner in South Beloit pays $3,656 a year in property taxes, about 2.11% of the median home value.

Is South Beloit 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 South Beloit?

The median home value in South Beloit is $173,000, about 2.0 times the typical yearly household income.

7,946 people live in South Beloit. Numbers are typical (middle) values.