$2,995 Per Month
- 2 Beds
- 2 Baths
- 1,343 Sq Ft
- Apartment for Rent
1610 N Normandy Ave Unit 204, Chicago, IL 60707
1610 N Normandy Ave Unit 204, Chicago, IL 60707
Frequently Asked Questions
How much does it cost to rent a home in Oak Park, IL?
The median rent for a home in Oak Park, IL is $2,289 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Oak Park, IL?
To comfortably afford the median rent in Oak Park, IL, a household needs to earn roughly $91,560 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 $2,289 per month in Oak Park, IL, renters typically need to show $6,867 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 Oak Park, IL?
In Oak Park, IL, the price-to-rent ratio is 15.4, 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 Oak Park, IL are best for renting a home?
The best neighborhood for renting in Oak Park, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Austin, Galewood, Belmont Central, Garfield Park and West Humboldt Park, each with its own character and price range.
