$1,200
Total Monthly Price
- Studio
- 1 Bath
- 475 Sq Ft
- Condo for Rent
541 N Taft Ave Unit 541 N Taft Ave, Hillside, IL 60162
Newly remodel small but very homely studio. Quiet area. Utilities included. Smoke free, pet free. Convenient location.
Frequently Asked Questions
How much does it cost to rent a condo in Berkeley, IL?
The median rent for a condo in Berkeley, IL is $1,850 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses 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 Berkeley, IL?
To comfortably afford the median rent in Berkeley, IL, a household needs to earn roughly $74,000 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 $1,850 per month in Berkeley, IL, renters typically need to show $5,550 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 Berkeley, IL?
In Berkeley, IL, the price-to-rent ratio is 14.7, 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 Berkeley, IL are best for renting a condo?
The best neighborhood for renting in Berkeley, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Belmont Heights, O'Hare, Austin, West Loop and Old Town, each with its own character and price range.
