Rent Tracker
Rent Inflation in Rockford, IL
The average asking rent in Rockford, IL is $1,266/month as of 2026-08. That is +6.7% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,266/mo
as of 2026-08
Year-over-Year Change
+6.7%
24-Month Rent Trend
Monthly ZORI index values for Rockford, IL.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,266 | +1.93% |
| 2026-07 | $1,242 | +0.16% |
| 2026-06 | $1,240 | +0.65% |
| 2026-05 | $1,232 | +1.07% |
| 2026-04 | $1,219 | +0.66% |
| 2026-03 | $1,211 | +1.25% |
| 2026-02 | $1,196 | -0.08% |
| 2026-01 | $1,197 | -0.08% |
| 2025-12 | $1,198 | +0.25% |
| 2025-11 | $1,195 | +0.34% |
| 2025-10 | $1,191 | +0.34% |
| 2025-09 | $1,187 | +0.00% |
| 2025-08 | $1,187 | +2.15% |
| 2025-07 | $1,162 | +1.57% |
| 2025-06 | $1,144 | +0.97% |
| 2025-05 | $1,133 | -0.70% |
| 2025-04 | $1,141 | +0.35% |
| 2025-03 | $1,137 | +1.34% |
| 2025-02 | $1,122 | +1.45% |
| 2025-01 | $1,106 | +0.27% |
| 2024-12 | $1,103 | -0.36% |
| 2024-11 | $1,107 | -0.18% |
| 2024-10 | $1,109 | +0.64% |
| 2024-09 | $1,102 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices