Newest Homes for Rent in Cherry Valley, IL

/7
$1,250 Per Month
- 1 Bed
- 1 Bath
- Condo for Rent
7572 Cherryvale N Blvd Unit 202, Cherry Valley, IL 61016

Discover Deer Valley in Cherry Valley, IL — a one-bedroom, one-bath apartment that combines style and convenience. The unit features stainless appliances and modern grey cabinets that create a sleek, updated kitchen. Beautiful wood flooring runs throughout the living space, and a full-size front-load washer and dryer are included for in-home laundry convenience. Located in a community with a

7572 Cherryvale N Blvd Unit 202, Cherry Valley, IL 61016
Explore Cherry Valley
/7
$1,250 Per Month
- 1 Bed
- 1 Bath
- Condo for Rent
7572 Cherryvale N Blvd Unit 202, Cherry Valley, IL 61016

Discover Deer Valley in Cherry Valley, IL — a one-bedroom, one-bath apartment that combines style and convenience. The unit features stainless appliances and modern grey cabinets that create a sleek, updated kitchen. Beautiful wood flooring runs throughout the living space, and a full-size front-load washer and dryer are included for in-home laundry convenience. Located in a community with a

7572 Cherryvale N Blvd Unit 202, Cherry Valley, IL 61016

Illinois Winnebago County

Frequently Asked Questions

How much does it cost to rent a home in Cherry Valley, IL?

The median rent for a home in Cherry Valley, IL is $1,250 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option.

How much do you need to make to afford rent in Cherry Valley, IL?

To comfortably afford the median rent in Cherry Valley, IL, a household needs to earn roughly $50,000 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 $1,250 per month in Cherry Valley, IL, renters typically need to show $3,750 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 Cherry Valley, IL?

In Cherry Valley, IL, the price-to-rent ratio is 21.2, 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 Cherry Valley, IL are best for renting a home?

The best neighborhood for renting in Cherry Valley, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Rolling Green, Keith Creek, Midtown District and Jackson Oaks, each with its own character and price range.

Rental Trends in Cherry Valley, IL

There are currently 2 homes available for rent in Cherry Valley, IL. The median rent is $1,250 per month, with condos at $1,250.

Rental Home Trends

Number of Homes for Rent 2	Median Rent $1,250
Median Condo Rent $1,250

How to Rent a Home

Rentals in Cherry Valley

Cherry Valley Condos for Rent

Homes for Rent by Bedrooms in Cherry Valley

1 Bedroom Homes for Rent in Cherry Valley

More About Living in Cherry Valley

Homes for Rent in Nearby Neighborhoods

Homes for Rent in Nearby Cities

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