3

Newest Homes for Rent in Cherry Valley, IL

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  • /22

    $1,150

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    6610 Carman Dr Unit 1, Rockford, IL 61108

    Nice quiet south east neighborhood. 2 bedroom 1 bathroom unit Freshly painted unit with gas stove, refrigerator, washer and dryer provided also. Separate basement area with a shared stairwell. Newer windows with freshly insulated attics for lower utility costs. 10 year battery smoke and carbon monoxide detectors. Tenants pay gas and electric bills. $20 application fee in person at showings

    6610 Carman Dr Unit 1, Rockford, IL 61108
  • /13

    $1,600 Per Month

    • 2 Beds
    • 1 Bath
    • 2 Bedroom home available in Cherry Valley

    113 N Van Buren St, Cherry Valley, IL 61016

    2 bedroom, newly updated with floors, new roof, siding and wrap around deck. Spacious eat in kitchen. First floor laundry included. Detached 1 car garage with additional 1 car detached for storage. Walking distance to downtown Cherry valley, Baumann park and minute commutes to shopping and highway access.

    113 N Van Buren St, Cherry Valley, IL 61016
  • /28

    $900

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    6840 Harrison Ave Unit 6840 harrison avenue, Rockford, IL 61108

    this is a first floor apartment in a side by side duplex. it is close to cherryvale mall. the apartment sits on 1 acre of land. it shares the land with one other duplex which faces carman drive. there is off street parking between the buildings. there are hardwood floors in the apartment. there is a lot of counter space and closet space in the apartment. there is a newer kitchen sink and faucet

    6840 Harrison Ave Unit 6840 harrison avenue, Rockford, IL 61108

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 $1,600 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes 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 $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 Cherry Valley, 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 Cherry Valley, IL?
In Cherry Valley, IL, the price-to-rent ratio is 16.7, 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 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, Prairie Hill and Midtown District, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,600
Median Single Family Home Rent
$1,600
How to Rent a Home