$900 Per Month
- 3 Beds
- 1.5 Baths
- Condo for Rent
661 5th St, Carlyle, IL 62231
Property Id: 1012410 Nice 3 bedroom townhouse located near the Library, Grade School and City Park. Washer and Dryer hookup available!
Frequently Asked Questions
How much does it cost to rent a home in Carlyle, IL?
The median rent for a home in Carlyle, IL is $1,050 per month, though prices vary by neighborhood, size, and property type. As of August 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 Carlyle, IL?
To comfortably afford the median rent in Carlyle, IL, a household needs to earn roughly $42,000 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 $1,050 per month in Carlyle, IL, renters typically need to show $3,150 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 Carlyle, IL?
In Carlyle, IL, the price-to-rent ratio is 14.5, 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.
