$1,450 Per Month
- 2 Beds
- 1 Bath
- 850 Sq Ft
- Apartment for Rent
10310 S Mayfield Ave Unit 1E, Oak Lawn, IL 60453
Kevin Jones Kass Management Services Inc
Frequently Asked Questions
How much does it cost to rent a home in Chicago Ridge, IL?
The median rent for a home in Chicago Ridge, IL is $1,675 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 Chicago Ridge, IL?
To comfortably afford the median rent in Chicago Ridge, IL, a household needs to earn roughly $67,000 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 $1,675 per month in Chicago Ridge, IL, renters typically need to show $5,025 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 Chicago Ridge, IL?
In Chicago Ridge, IL, the price-to-rent ratio is 10.5, 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.
What neighborhoods in Chicago Ridge, IL are best for renting a home?
The best neighborhood for renting in Chicago Ridge, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Mount Greenwood, Ashburn, Clearing and Morgan Park, each with its own character and price range.
