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Newest Homes for Rent in Coal Valley, IL

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  • /22

    $2,400 Per Month

    • 4 Beds
    • 2 Baths
    • 2,000 Sq Ft
    • House for Rent

    119 E 4th St, Coal Valley, IL 61240

    This spacious 4-bedroom, 2-bathroom home has been fully remodeled throughout with updated flooring, bathrooms, kitchen, fixtures, and finishes.The main level features a large, open living area and a beautifully updated kitchen with plenty of cabinetry, a large center island, stainless steel appliances, and sliding glass doors leading out to the back deck and yard. Three bedrooms and one

    119 E 4th St, Coal Valley, IL 61240
  • /20

    $3,000 Per Month

    • 4 Beds
    • 4 Baths
    • House for Rent

    7 Timothy Sirkl, Coal Valley, IL 61240

    Property Id: 2813047 RENT-TO-OWN — COAL VALLEY, IL Spacious 4-bedroom, 4-bathroom home available for rent or rent-to-own at 7 Timothy Sirkl in Coal Valley. This 2,346 sq. ft. tri-level home offers plenty of space inside and out, including a 2-car attached garage, in-ground swimming pool, and a primary suite with a walk-in closet and private sauna. PROPERTY FEATURES: • 4

    7 Timothy Sirkl, Coal Valley, IL 61240

Frequently Asked Questions

How much does it cost to rent a home in Coal Valley, IL?
The median rent for a home in Coal Valley, IL is $2,700 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Coal Valley, IL?
To comfortably afford the median rent in Coal Valley, IL, a household needs to earn roughly $108,000 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 $2,700 per month in Coal Valley, IL, renters typically need to show $8,100 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 Valley, IL?
In Coal Valley, IL, the price-to-rent ratio is 6.8, 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 Valley, IL are best for renting a home?
The best neighborhood for renting in Coal Valley, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Edgewood District, Northwest Davenport and Park Hill, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$2,700
Median Single Family Home Rent
$2,700
How to Rent a Home