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Newest Homes for Rent in Aledo, IL

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  • /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.There is a $25 fee per application and everyone over 18 needs to fill out their own application.McDonnell Property

    108-108 NW 11th Ave Unit 108, 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.There is a $25 fee per application and everyone over 18 needs to fill out their own application.McDonnell Property

    401-407 SW 8th St Unit 405, 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.There is a $25 fee per application and everyone over 18 needs to fill out their own application.McDonnell Property

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

    $685 Per Month

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    804 SW 9th St Unit 804, Aledo, IL 61231

    McDonnell Property Management has a 1 bedroom; 1 bath apartment located at 804 SW 9th Street, Aledo ,IL 61231. The monthly rent is $685 and the security deposit is $885. The tenant is responsible electric and water.There is a $25 fee per application and everyone over 18 needs to fill out their own application.McDonnell Property Managements shows available rentals daily by

    804 SW 9th St Unit 804, 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.There is a $25 fee per application and everyone over 18 needs to fill out their own application.McDonnell Property

    1206 SW 2nd Ave Unit E, 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.There is a $25 fee per application and everyone over 18 needs to fill out their own application.McDonnell Property

    108-108 NW 11th Ave Unit 108, 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.There is a $25 fee per application and everyone over 18 needs to fill out their own application.McDonnell Property

    1206 SW 2nd Ave Unit E, Aledo, IL 61231
  • /22

    $925

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • House for Rent

    509 SW 5th Ave, Aledo, IL 61231

    Beautifully Updated 2-Bedroom Home with Custom Finishes and Great LocationCome see this fully updated 2-bedroom, 1-bath home offering 800 sq. ft. of comfortable living space. The modern kitchen features stylish finishes, and the custom-tiled bathroom includes a sleek, designer shower that adds a touch of luxury.Enjoy year-round comfort with central heating and

    509 SW 5th Ave, Aledo, IL 61231

Frequently Asked Questions

How much does it cost to rent a home in Aledo, IL?
The median rent for a home in Aledo, IL is $760 per month, though prices vary by neighborhood, size, and property type. As of August 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 $30,400 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 $760 per month in Aledo, IL, renters typically need to show $2,280 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 15.0, 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 Aledo, IL are best for renting a home?
The best neighborhood for renting in Aledo, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Central Rock Island and Prospect Park, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
8
Median Rent
$760
Median Single Family Home Rent
$850
Median Condo Rent
$760
How to Rent a Home