$1,800 Per Month
- 2 Beds
- 1 Bath
- 1,000 Sq Ft
- Condo for Rent
5325 Waterbury Ct Unit 2701, Crestwood, IL 60445
5325 Waterbury Ct Unit 2701, Crestwood, IL 60445
Frequently Asked Questions
How much does it cost to rent a home in Crestwood, IL?
The median rent for a home in Crestwood, IL is $8,032 per month, though prices vary by neighborhood, size, and property type. As of July 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 Crestwood, IL?
To comfortably afford the median rent in Crestwood, IL, a household needs to earn roughly $321,280 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 $8,032 per month in Crestwood, IL, renters typically need to show $24,096 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 Crestwood, IL?
In Crestwood, IL, the price-to-rent ratio is 2.0, 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 Crestwood, IL are best for renting a home?
The best neighborhood for renting in Crestwood, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Mount Greenwood, Morgan Park, Silver Lake South, Centennial Park and West Pullman, each with its own character and price range.
