Cheap Homes in Mounds, IL

Buyer vs Seller Market in Mounds, IL

Median home value: $57,831 as of 2026-05-14.

Median rent: $1,030 as of 2026-05-14.

Home values: +2.27% MoM, +15.52% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Rent Prices In Mounds, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mounds, IL, is on a rollercoaster ride. The average rent price in Mounds, IL, is $1,140.00. Indeed, when looking to rent in Mounds, IL, you can expect to pay as little as $730.00 or as much as $1,520.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Mounds, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.