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Dwight, IL Homes for Rent

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    $1,000 Per Month

    • 2 Beds
    • 1 Bath
    • Apartment for Rent

    407 E Seminole St Unit 5, Dwight, IL 60420

    Available now 2 bedroom, 1 bath apartment. New Laminate vinyl planking. Storage in unit and additional storage closet. Rent includes water and trash. No pets. All applicants must fill out landlords application, current credit report & criminal back ground check thru my smart move, 90 days proof of income. First month, last month & security deposit required for rental.

    Ann Schuler Century 21 Circle

    407 E Seminole St Unit 5, Dwight, IL 60420
  • /7

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • Townhouse for Rent

    101 Bannon Dr, Dwight, IL 60420

    Freshly painted with new flooring throughout. Quiet neighborhood with off-street parking. Laundry facilities in the building. Non-smoking unitPet deposit of $300 per pet under 20 pounds limit 2 total1 Year lease requiredTenant pays electric and water

    101 Bannon Dr, Dwight, IL 60420
  • /2

    $1,000 Per Month

    • 2 Beds
    • 1 Bath
    • 780 Sq Ft
    • Apartment for Rent

    405 E Seminole St Unit 4, Dwight, IL 60420

    2 bedroom, 1 bath apartment. Coin laundry on lower floor. Rent includes water and trash. No pets & No Smoking in building or unit. All applicants must fill out landlords application & provide 90 days proof of income. Once that has been received the applicant will be emailed a link for the credit report & background check. First month, last month and security deposit required for move in.

    Ann Schuler Century 21 Circle

    405 E Seminole St Unit 4, Dwight, IL 60420

Why Live in Dwight

Dwight, Illinois, situated between Chicago and Peoria, is a village known for its small-town charm and historical significance. Developed in the late 19th century around the railroads and Route 66, Dwight boasts several sites on the National Register of Historic Places, including the 1890s depot, First National Bank designed by Frank Lloyd Wright, and the Pioneer Gothic Church. The village's downtown area features independently owned businesses like Flo's on Franklin Antiques & Flowers, Unpossible Mead Inc., and Station 343. Less than a mile from downtown, attractions include the Crazy 80's Car Museum and Old Route 66 Family Restaurant. Housing options range from late 1800s farmhouses and Victorians to ranch-style and contemporary homes, with some recent constructions. Renfrew Park, Florence W. Garrett Park, and Dwight Lions Lake offer recreational amenities such as playgrounds, trails, and sports facilities. Community events like Springfest and Dwight Harvest Days provide entertainment and social engagement. The Prairie Creek Public Library District hosts diverse programs, and several active clubs and organizations contribute to the village's vibrant community life. Dwight is served by Dwight Common School and Dwight Township High School, which offer a variety of extracurricular activities.

Frequently Asked Questions

How much does it cost to rent a home in Dwight, IL?
The median rent for a home in Dwight, IL is $1,000 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Dwight, IL?
To comfortably afford the median rent in Dwight, IL, a household needs to earn roughly $40,000 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 $1,000 per month in Dwight, IL, renters typically need to show $3,000 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 Dwight, IL?
In Dwight, IL, the price-to-rent ratio is 17.5, 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.

Rental Home Trends in Dwight, IL

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,000
Median Single Family Home Rent
$2,000
Median Townhouse Rent
$1,000
Median Condo Rent
$1,150
How to Rent a Home