$3,000 Per Month
- 2 Beds
- 2.5 Baths
- 1,793 Sq Ft
- Townhouse for Rent
2995 Madison Dr, Naperville, IL 60564
2995 Madison Dr, Naperville, IL 60564
Frequently Asked Questions
How much does it cost to rent a townhouse in Naperville, IL?
The median rent for a townhouse in Naperville, IL is $3,000 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 Naperville, IL?
To comfortably afford the median rent in Naperville, IL, a household needs to earn roughly $103,800 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 $2,595 per month in Naperville, IL, renters typically need to show $7,785 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 Naperville, IL?
In Naperville, IL, the price-to-rent ratio is 18.8, 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 Naperville, IL are best for renting a townhouse?
The best neighborhood for renting in Naperville, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a townhouse include Fox Valley, Far East, Stillwater, Wood Lake and Country Lakes, each with its own character and price range.
