$1,275 Per Month
- 2 Beds
- 1 Bath
- Condo for Rent
220 S Hugh St Unit A, Plano, IL 60545
Frequently Asked Questions
How much does it cost to rent a home in Plano, IL?
The median rent for a home in Plano, IL is $2,250 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 Plano, IL?
To comfortably afford the median rent in Plano, 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 Plano, 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 Plano, IL?
In Plano, IL, the price-to-rent ratio is 10.6, 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 Plano, IL are best for renting a home?
The best neighborhood for renting in Plano, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Bristol-Kendall County, South Montgomery, South Oswego, Northwest Oswego and Downtown Oswego, each with its own character and price range.
