$1,450
Total Monthly Price
- 2 Beds
- 1 Bath
- 1,000 Sq Ft
- Condo for Rent
1315 E 31st St Unit 1, La Grange Park, IL 60526
Frequently Asked Questions
How much does it cost to rent a condo in La Grange Park, IL?
The median rent for a condo in La Grange Park, IL is $1,930 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in La Grange Park, IL?
To comfortably afford the median rent in La Grange Park, IL, a household needs to earn roughly $90,000 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 $2,250 per month in La Grange Park, IL, renters typically need to show $6,750 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 La Grange Park, IL?
In La Grange Park, IL, the price-to-rent ratio is 18.4, 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 La Grange Park, IL are best for renting a condo?
The best neighborhood for renting in La Grange Park, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Austin, Belmont Terrace, West Loop, Old Town and North Westmont, each with its own character and price range.
