$2,750
Total Monthly Price
- 3 Beds
- 2 Baths
- 1,265 Sq Ft
- Townhouse for Rent
623 N Northwest Hwy Unit A, Park Ridge, IL 60068
Totally remodeled FRONT townhouse. One garage parking and plenty of parking on the driveway. Snow and landscaping included.
Frequently Asked Questions
How much does it cost to rent a townhouse in Park Ridge, IL?
The median rent for a townhouse in Park Ridge, IL is $2,902 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 Park Ridge, IL?
To comfortably afford the median rent in Park Ridge, IL, a household needs to earn roughly $88,000 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 $2,200 per month in Park Ridge, IL, renters typically need to show $6,600 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 Park Ridge, IL?
In Park Ridge, IL, the price-to-rent ratio is 22.5, 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.
