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Addison, IL Townhome for Rent

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    $3,400 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,729 Sq Ft
    • Townhouse for Rent

    334 N Masters Dr, Addison, IL 60101

    Beautiful New Construction. Enjoy living in a brand new construction without buying a new construction. Such an opportunity is rarely available. Conveniently located close to Major roads, highways, shopping, retail, schools, library and everything else. Generous size bedrooms, 2nd floor laundry, modern kitchen and ample sunlight are just a few highlights of this house. Available for immediate

    syed Ul Haq Guidance Realty

    334 N Masters Dr, Addison, IL 60101

Frequently Asked Questions

How much does it cost to rent a townhouse in Addison, IL?
The median rent for a townhouse in Addison, IL is $3,400 per month, though prices vary by neighborhood, size, and property type. As of July 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 Addison, IL?
To comfortably afford the median rent in Addison, IL, a household needs to earn roughly $70,000 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 $1,750 per month in Addison, IL, renters typically need to show $5,250 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 Addison, IL?
In Addison, IL, the price-to-rent ratio is 19.0, 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 Addison, IL are best for renting a townhouse?
The best neighborhood for renting in Addison, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a townhouse include North Itasca, South Schaumburg and South Tri Village, each with its own character and price range.

Rental Home Trends

Number of Townhouses for Rent
1
Median Townhouse Rent
$3,400
Median 3 Bedroom Townhouse Rent
$3,400
How to Rent a Home