$3,600 Per Month
- 3 Beds
- 2 Baths
- 2,420 Sq Ft
- House for Rent
328 4th St, Downers Grove, IL 60515
328 4th St, Downers Grove, IL 60515
Frequently Asked Questions
How much does it cost to rent a home in Downers Grove, IL?
The median rent for a home in Downers Grove, IL is $2,129 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Downers Grove, IL?
To comfortably afford the median rent in Downers Grove, IL, a household needs to earn roughly $85,160 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 $2,129 per month in Downers Grove, IL, renters typically need to show $6,387 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 Downers Grove, IL?
In Downers Grove, IL, the price-to-rent ratio is 19.0, 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 Downers Grove, IL are best for renting a home?
The best neighborhood for renting in Downers Grove, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include South Downers Grove, South Westmont, North Westmont, Hawthorne Hill and Seven Bridges, each with its own character and price range.
