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Newest Home for Rent in Berkeley, IL

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    $2,500 Per Month

    • 3 Beds
    • 1 Bath
    • 1,124 Sq Ft
    • House for Rent

    1941 Herbert Ave, Berkeley, IL 60163

    Updated and move-in ready rental in Berkeley. This well-maintained home features fresh paint throughout, brand new carpet, and a fully updated bathroom. Bright living spaces with a functional layout provide comfortable everyday living. Conveniently located near major highways, shopping, dining, and public transportation, making commuting easy while still enjoying a residential setting.

    Coya Smith RE/MAX Premier

    1941 Herbert Ave, Berkeley, IL 60163

Frequently Asked Questions

How much does it cost to rent a home in Berkeley, IL?
The median rent for a home in Berkeley, IL is $2,500 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option.
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 $100,000 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 $2,500 per month in Berkeley, IL, renters typically need to show $7,500 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 10.3, 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 home?
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 home include North Lombard and West Loop, each with its own character and price range.

Rental Home Trends in Berkeley, IL

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,500
Median Single Family Home Rent
$2,500
How to Rent a Home