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Newest Homes for Rent in Aledo, IL

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  • 407-407 SW 8th St Unit 407, Aledo, IL 61231
    407-407 SW 8th St Unit 407, Aledo, IL 61231
    407-407 SW 8th St Unit 407, Aledo, IL 61231
    /13

    $685 Per Month

    • 2 Beds
    • 1 Bath
    • 785 Sq Ft
    • Reagan

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

    Upper-Level Apartment – Aledo, IL2 Bed • 1 BathWelcome to this updated upper-level apartment in a quiet, convenient Aledo neighborhood. This unit features fresh paint, new flooring, and modern lighting throughout, along with an eat-in kitchen perfect for daily meals. Large windows fill the home with natural light, creating a bright, airy atmosphere.You’ll enjoy both comfort and convenience.

    407-407 SW 8th St Unit 407, Aledo, IL 61231
  • 812 SW 9th St, Aledo, IL 61231
    812 SW 9th St, Aledo, IL 61231
    /2

    $760 Per Month

    • 2 Beds
    • 1 Bath
    • 600 Sq Ft
    • Lincoln unit 812

    812 SW 9th St, Aledo, IL 61231

    2 bedroom 1 bathroomTownhome style livingZero Entry Home $685 / month$685 DepositAvailable Mid April

    812 SW 9th St, Aledo, IL 61231
  • 607 NE 3rd Ave Unit 2, Aledo, IL 61231
    607 NE 3rd Ave Unit 2, Aledo, IL 61231
    /2

    $650 Per Month

    • 1 Bed
    • 1 Bath
    • 415 Sq Ft
    • Kennedy

    607 NE 3rd Ave Unit 2, Aledo, IL 61231

    1 bedroom 2 bathroomZero - EntryOff street parking$650 / month$650 DepositAvailable late April

    607 NE 3rd Ave Unit 2, Aledo, IL 61231
  • 607 NE 3rd Ave Unit 5, Aledo, IL 61231
    607 NE 3rd Ave Unit 5, Aledo, IL 61231
    607 NE 3rd Ave Unit 5, Aledo, IL 61231
    /6

    $685 Per Month

    • 1 Bed
    • 1 Bath
    • 415 Sq Ft
    • Kennedy

    607 NE 3rd Ave Unit 5, Aledo, IL 61231

    1 bedroom 1 bathroom Apartment for RentTenant pays Electric OnlyZero Entry

    607 NE 3rd Ave Unit 5, Aledo, IL 61231
Illinois Mercer County Aledo

Newest Homes for Rent in Aledo, IL

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 $685 per month, though prices vary by neighborhood, size, and property type. As of May 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 $27,400 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 $685 per month in Aledo, IL, renters typically need to show $2,055 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 17.0, 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.

Rental Home Trends in Aledo, IL

There are currently 4 homes available for rent in Aledo, IL. The median rent is $685 per month, with single-family homes renting at $760 and condos at $685.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$685
Median Single Family Home Rent
$760
Median Condo Rent
$685
How to Rent a Home

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