$700 Per Month
- 1 Bed
- 1 Bath
- 400 Sq Ft
- Condo for Rent
411 E Chestnut St Unit 411 E. Chestnut 2, Canton, IL 61520
Property Id: 25903161 bed/1 bath just became available. Triplex apartments. Centrally located in town near medical office and Aldi.
Frequently Asked Questions
How much does it cost to rent a condo in Canton, IL?
The median rent for a condo in Canton, IL is $625 per month, though prices vary by neighborhood, size, and property type. As of July 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 Canton, IL?
To comfortably afford the median rent in Canton, IL, a household needs to earn roughly $27,960 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 $699 per month in Canton, IL, renters typically need to show $2,097 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 Canton, IL?
In Canton, IL, the price-to-rent ratio is 13.4, 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.
