1

Newest Home for Rent in Berkeley, IL

Section Image
  • /8

    $1,400 Per Month

    • 2 Beds
    • 1 Bath
    • 840 Sq Ft
    • Apartment for Rent

    5900 Butterfield Rd Unit 9, Berkeley, IL 60163

    Spacious and well-maintained 2 bed / 1 bath apartment in a prime Berkeley location with easy access to I-290 & I-294. Features hardwood floors, on-site laundry, designated parking spaces. Lease Terms: Rent $1400; Security Deposit $1400. Availability: Immediate; Pets: NOT Allowed. Minimum of one-year lease. Tenant pays electricity. Rent includes heat, water and trash. We require total family

    Rishab Chawla HomeSmart Realty Group

    5900 Butterfield Rd Unit 9, 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 $1,400 per month, though prices vary by neighborhood, size, and property type. As of July 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 $56,000 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 $1,400 per month in Berkeley, IL, renters typically need to show $4,200 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 19.0, 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 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, West Loop and Old Town, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,400
Median Single Family Home Rent
$1,945
Median Townhouse Rent
$1,400
How to Rent a Home