5

Aledo, IL Condos for Rent

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  • 108-108 NW 11th Ave Unit 108, Aledo, IL 61231
    108-108 NW 11th Ave Unit 108, Aledo, IL 61231
    108-108 NW 11th Ave Unit 108, Aledo, IL 61231
    /7

    $750 Per Month

    • 2 Beds
    • 1 Bath
    • 700 Sq Ft
    • Condo for Rent

    108-108 NW 11th Ave Unit 108, Aledo, IL 61231

    McDonnell Property Management has a 2 bedroom; 1 bath apartment located at 108 NW 11th Ave Aledo ,IL 61231. The monthly rent is $750 and the security deposit is $750. There is a $200 non refundable cleaning fee as well. The tenant is responsible electric and water.- Section 8 is accepted here.There is a $25 fee per application and everyone over 18 needs to fill out their own

    108-108 NW 11th Ave Unit 108, Aledo, IL 61231
  • 804 SW 4th St Unit 8, Aledo, IL 61231
    804 SW 4th St Unit 8, Aledo, IL 61231
    /2

    $750 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    804 SW 4th St Unit 8, Aledo, IL 61231

    McDonnell Property Management has a 2 bedroom; 1 bath apartment located at 804 SW 4th St #8, Aledo ,IL 61231. The monthly rent is $750 and the security deposit is $750. There is a $200 non refundable cleaning fee as well. The tenant is responsible electric.- Section 8 is accepted here.There is a $25 fee per application and everyone over 18 needs to fill out their own

    804 SW 4th St Unit 8, Aledo, IL 61231
  • 1206 SW 2nd Ave Unit E, Aledo, IL 61231
    1206 SW 2nd Ave Unit E, Aledo, IL 61231
    1206 SW 2nd Ave Unit E, Aledo, IL 61231
    /6

    $725 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    1206 SW 2nd Ave Unit E, Aledo, IL 61231

    McDonnell Property Management has a 2 bedroom; 1 bath apartment located at 1206 SW 2nd Ave Aledo ,IL 61231. The monthly rent is $725 and the security deposit is $725. There is a $200 non refundable cleaning fee as well. The tenant is responsible electric and water.- Section 8 is accepted here.There is a $25 fee per application and everyone over 18 needs to fill out their own

    1206 SW 2nd Ave Unit E, Aledo, IL 61231
  • 401-407 SW 8th St Unit 403, Aledo, IL 61231
    401-407 SW 8th St Unit 403, Aledo, IL 61231
    401-407 SW 8th St Unit 403, Aledo, IL 61231
    /9

    $750 Per Month

    • 2 Beds
    • 1 Bath
    • 785 Sq Ft
    • 401-407 SW 8th St.

    401-407 SW 8th St Unit 403, Aledo, IL 61231

    McDonnell Property Management has a 2 bedroom; 1 bath apartment located at 403 SW 8th Street, Aledo ,IL 61231. The monthly rent is $750 and the security deposit is $750. There is a $200 non refundable cleaning fee as well. The tenant is responsible electric.- Section 8 is accepted here.There is a $25 fee per application and everyone over 18 needs to fill out their own

    401-407 SW 8th St Unit 403, Aledo, IL 61231
  • 401-407 SW 8th St Unit 405, Aledo, IL 61231
    401-407 SW 8th St Unit 405, Aledo, IL 61231
    /2

    $750 Per Month

    • 2 Beds
    • 1 Bath
    • 550 Sq Ft
    • 401-407 SW 8th St.

    401-407 SW 8th St Unit 405, Aledo, IL 61231

    McDonnell Property Management has a 2 bedroom; 1 bath apartment located at 405 SW 8th Street, Aledo ,IL 61231. The monthly rent is $750 and the security deposit is $750. There is a $200 non refundable cleaning fee as well. The tenant is responsible electric.- Section 8 is accepted here.There is a $25 fee per application and everyone over 18 needs to fill out their own

    401-407 SW 8th St Unit 405, Aledo, IL 61231
Illinois Mercer County

Condos for Rent in Aledo, IL

Frequently Asked Questions

How much does it cost to rent a condo in Aledo, IL?
The median rent for a condo in Aledo, IL is $750 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Aledo, IL?
To comfortably afford the median rent in Aledo, IL, a household needs to earn roughly $30,000 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 $750 per month in Aledo, IL, renters typically need to show $2,250 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 Aledo, IL?
In Aledo, IL, the price-to-rent ratio is 16.1, 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.

Condo Rental Trends in Aledo, IL

There are currently 5 condos available for rent in Aledo, IL. The median rent is $750 per month, with 2-bedroom condos at $750.

Rental Home Trends

Number of Condos for Rent
5
Median Condo Rent
$750
Median 2 Bedroom Condo Rent
$750
How to Rent a Home

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