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Coal City, IL Homes for Rent

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    $2,300 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,300 Sq Ft
    • House for Rent

    480 N 3rd Ave, Coal City, IL 60416

    Experience the perfect combination of modern amenities and small-town comfort in this freshly painted 3-bedroom ranch. Situated on an expansive 60x180 lot, this home is move-in ready and features a heated 2.5-car detached garage-a rare find that is perfect for a workshop, car enthusiast, or extra winter storage. Home Features: Sparkling Interior: The entire home has been freshly painted in a

    Michael O'Donnell WEB VIDEO Realty

    480 N 3rd Ave, Coal City, IL 60416
  • /5

    Starting at $1,200 Per Month

    • 1 Bed

    811 Covey Ln, Coal City, IL 60416

    Freshly painted unit with new premium flooring and appliances. Located in a quiet neighborhood with ample onsite parking.2 small cats or dogs allowed with $300 deposit per pet after approvalNon-smoking building

    (779) 273-3807

    811 Covey Ln, Coal City, IL 60416

Why Live in Coal City

Coal City, Illinois, is a village in Grundy County with a rich mining history dating back to the mid-1800s. Located about 24 miles southwest of Joliet and 64 miles from Chicago, Coal City shares its school, library, and fire districts with neighboring villages Diamond and Carbon Hill. The village is known for its strong community spirit, encapsulated in the phrase "Coaler strong," and features a high school mascot named Charlie Coaler. Housing options include vintage bungalows from the late 19th and early 20th centuries, ranch-style homes, contemporary houses, townhouses, and duplexes. Meadow Estates is a subdivision with new construction located less than a mile south of Division Street. Broadway Street serves as the downtown commercial corridor, hosting independent businesses like The Queen Bees gift shop and Rolando’s Furniture & Appliances, as well as dining options such as El Patron Mexican Kitchen and Geo’s Pizza. Coal City Intermediate School and Coal City Middle School both have high ratings, and the local school district recently completed a $5-million improvement plan. For things to do, residents can visit Lions Park, North Park, and Campbell Memorial Park, which offer various recreational facilities. The Coal City Area Club provides amenities like a swimming beach and campsites. Annual events include the Coal City Fall Fest and the Festival of Trees. The Coal City Public Library District hosts the Midtown Market and offers diverse programming for all ages. State Route 113 runs through the village, with access to Interstate 55 nearby. Public transportation is available via the Grundy Transit System, and medical services are provided by Morris Hospital Diamond-Coal City Campus.

Frequently Asked Questions

How much does it cost to rent a home in Coal City, IL?
The median rent for a home in Coal City, IL is $2,450 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Coal City, IL?
To comfortably afford the median rent in Coal City, IL, a household needs to earn roughly $98,000 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 $2,450 per month in Coal City, IL, renters typically need to show $7,350 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 Coal City, IL?
In Coal City, IL, the price-to-rent ratio is 9.9, 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 Coal City, IL are best for renting a home?
The best neighborhood for renting in Coal City, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Southwest Joliet, North Minooka, Reedwood, Fall Creek and Cathedral Area, each with its own character and price range.

Rental Home Trends in Coal City, IL

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$2,450
Median Single Family Home Rent
$2,125
Median Townhouse Rent
$2,350
Median Condo Rent
$1,175
How to Rent a Home