$775
Total Monthly Price
- 2 Beds
- 1 Bath
- 700 Sq Ft
- Condo for Rent
303 Ilion Ave Unit 6, Chariton, IA 50049
Quiet 2 bedroom in an 8 unit building. Fully remodeled unit. Laundry in building. Contact us for showing and application.
Frequently Asked Questions
How much does it cost to rent a home in Chariton, IA?
The median rent for a home in Chariton, IA is $775 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Chariton, IA?
To comfortably afford the median rent in Chariton, IA, a household needs to earn roughly $31,000 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 $775 per month in Chariton, IA, renters typically need to show $2,325 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 Chariton, IA?
In Chariton, IA, the price-to-rent ratio is 16.6, 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.
