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440 W Exchange St
440 W Exchange St, Freeport, IL 61032, USA

Apartment for rent
Monthly rent
$1,150
Beds1
Baths1
Sqft3,531
modified
Updated 5+ Days Ago

Property Overview

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • More space
  • High school nearby

Great for

  • Social life

Units

440 W Exchange St Freeport, IL

Available

2

1 Bed

1 Bath

$1,150

Listed on 07/04/2026
Listed by 440 W EXCHANGE ST - 2
Days on market: 17
1BR/1BA – 440 W Exchange St (Unit 4), Freeport, IL 61032 Want a little extra elbow room without the extra cost? This spacious 1-bedroom, 1-bathroom unit offers 987 sq ft — more square footage than your typical one-bedroom, giving you room to breathe, stretch out, and make it your own. Set inside a historic 1857 Freeport building, this unit blends old-school charm with everyday comfort, including reliable gas heat and a functional, easy-to-love layout. Highlights: 1 Bedroom / 1 Bathroom 987 sq ft — extra spacious for a 1BR Gas heat Historic character throughout Located in Freeport / Stephenson County Space, charm, and value — book your showing now!

Available

1

1 Bed

1 Bath

$1,150

Listed on 07/04/2026
Listed by 440 W EXCHANGE ST - 1
Days on market: 17
1BR/1BA – 440 W Exchange St (Unit 4), Freeport, IL 61032 Want a little extra elbow room without the extra cost? This spacious 1-bedroom, 1-bathroom unit offers 987 sq ft — more square footage than your typical one-bedroom, giving you room to breathe, stretch out, and make it your own. Set inside a historic 1857 Freeport building, this unit blends old-school charm with everyday comfort, including reliable gas heat and a functional, easy-to-love layout. Highlights: 1 Bedroom / 1 Bathroom 987 sq ft — extra spacious for a 1BR Gas heat Historic character throughout Located in Freeport / Stephenson County Space, charm, and value — book your showing now!

Policies at 440 W Exchange St

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Questions about this property’s policies and fees?

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About 440 W Exchange St

HomeApartments in Freeport 440 W Exchange St #2, Freeport, IL 61032, USA

Interested in leasing 440 W Exchange St, Freeport, IL 61032, USA? Currently, 440 W Exchange St, Freeport, IL 61032, USA is available to rent or lease. It is a 1-bedroom apartment with 1 bathroom. Below, you can compare the rent price at 440 W Exchange St, Freeport, IL 61032, USA vs overall rent prices in Freeport, IL. We have compiled nearby businesses and things to do close to 440 W Exchange St, Freeport, IL 61032, USA.

Address details

Units2
Units available2
City
Zip code61032

440 W Exchange St #2 is great for:

Social life

  • Areas nearby are accessible by walking
  • 41 restaurants within 1 mile of this property
  • 7 local event hubs within 1 mile
  • Diverse age groups live in this area

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 440 W Exchange St, Freeport, IL 61032, USA compares to other nearby properties.

Positives

More space
The 1-bedroom is 2855 sqft larger than other listings nearby
High school nearby
There is a high school 1 mile away

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away

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Rent trends in Freeport

1-bedroom apartments here are priced 2% higher than 1-bedrooms in Freeport.

Median rents as of Jul 18 2026.
Freeport
A table of studio rental data trends in Freeport
MonthMedian Rent
August 2024$415
September 2024$400
October 2024$400
November 2024$400
December 2024$400
January 2025$400
February 2025$400
March 2025$400
April 2025$462
May 2025$560
June 2025$643
July 2025$600
August 2025$600
September 2025$600
October 2025$582
November 2025$595
December 2025$550
January 2026$537
February 2026$500
March 2026$500
April 2026$652
May 2026$649
June 2026$647
July 2026$646

Affordability calculator

Can I afford to live at 440 W Exchange St?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$46,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $46,000 annually to afford this 1-bedroom median monthly rent price of $1,150.
For more information on rent affordability, visit our rent calculator.

Schools near 440 W Exchange St #2

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Getting around Freeport near 440 W Exchange St

Walking

5/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
This is semi-bikeable, but you’ll need another way of getting around.

Points of interest for 440 W Exchange St, Freeport

Groceries

6/10
Variety of groceries within a short drive

Shopping

5/10
Variety of shops within a short drive

Cafes

4/10
Some cafés within a short drive

Restaurants

5/10
Variety of restaurants within a short drive

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

8/10
At least one high school within a 10-minute walk

Nightlife

5/10
Variety of bars within a short drive

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3 Bedroom house rentals in Freeport28 listings

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