$2,900 Per Month
- 3 Beds
- 3 Baths
- 2,000 Sq Ft
- House for Rent
8621 Natchez Ave, Burbank, IL 60459
8621 Natchez Ave, Burbank, IL 60459
Frequently Asked Questions
How much does it cost to rent a home in Burbank, IL?
The median rent for a home in Burbank, IL is $2,512 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Burbank, IL?
To comfortably afford the median rent in Burbank, IL, a household needs to earn roughly $100,480 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,512 per month in Burbank, IL, renters typically need to show $7,536 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Burbank, IL?
In Burbank, IL, the price-to-rent ratio is 10.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Burbank, IL are best for renting a home?
The best neighborhood for renting in Burbank, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Clearing, Ashburn, West Lawn, Garfield Ridge and Marquette Park, each with its own character and price range.
