$2,400 Per Month
- 3 Beds
- 1.5 Baths
- 1,800 Sq Ft
- House for Rent
12111 S Justine St, Chicago, IL 60643
12111 S Justine St, Chicago, IL 60643
Frequently Asked Questions
How much does it cost to rent a home in Calumet Park, IL?
The median rent for a home in Calumet Park, IL is $1,600 per month, though prices vary by neighborhood, size, and property type. As of June 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 Calumet Park, IL?
To comfortably afford the median rent in Calumet Park, IL, a household needs to earn roughly $64,000 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 $1,600 per month in Calumet Park, IL, renters typically need to show $4,800 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 Calumet Park, IL?
In Calumet Park, IL, the price-to-rent ratio is 9.7, 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 Calumet Park, IL are best for renting a home?
The best neighborhood for renting in Calumet Park, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include West Pullman, Morgan Park, Roseland, Beverly and Brainerd, each with its own character and price range.
