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
What to Know About
Life in Dunlap & Beyond
Dunlap 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
Dunlap, IL
As of June 2026, Dunlap's rental market is cooling, with increasing rental inventory, where landlords may start offering small incentives to attract tenants. Dunlap's average rent is 6.7% ($114) lower than the Illinois average of $1,694 and 12.1% ($217) lower than the U.S. average of $1,797.
Average Rent
$1,580
Monthly ChangeMonth Over Month Change
0.3% ($5)
Yearly ChangeYear Over Year Change
No change
Avg. Days on MarketAverage Days on Market
71
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,281 | No change | No change |
| 2 Beds | $1,606 | No change | No change |
| 3 Beds | $1,850 | No change | No change |
| Nearby Cities | Average Rent | Avg. Rent vs. DunlapAverage Rent vs. Dunlap | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Chillicothe | $985 | 37.7% ($595) | 69 days |
| Peoria Heights | $846 | 46.5% ($734) | 70 days |
| Peoria | $980 | 38% ($600) | 41 days |
| East Peoria | $1,117 | 29.3% ($463) | 39 days |
| Elmwood | $1,083 | 31.5% ($497) | 70 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Dunlap Rental Market FAQs
Explore rental prices, market trends, and availability in Dunlap, IL.
The average rent in Dunlap, IL is $1,580 per month.
Homes in Dunlap typically rent for between $897 and $2,405 per month, with an average of $1,580 per month.
In Dunlap, the average rent for a 1-bedroom home is $1,281 per month, for a 2-bedroom home, $1,606 per month, and a 3-bedroom home is $1,850 per month.
The average rent in Dunlap is 12.1% ($217) lower than the national average of $1,797 per month.
The rental market in Dunlap, IL, is currently cooling, with increasing rental inventory, where landlords may start offering small incentives to attract tenants.
In Dunlap, IL, the average rental stays on the market for approximately 71 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
Based on the current averages, a household would need an annual income of $64,240 to comfortably afford a 2-bedroom home in Dunlap.
