Starting at $1,161 Per Month
- 1 - 3 Beds
617 Valley Dr, East Alton, IL 62024
Professionally managed by Promex Midwest Corporation AMO. Restrictions may apply. Please contact site for details.
Township Village Apartments
Frequently Asked Questions
How much does it cost to rent a home in East Alton, IL?
The median rent for a home in East Alton, IL is $695 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 East Alton, IL?
To comfortably afford the median rent in East Alton, IL, a household needs to earn roughly $27,800 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 $695 per month in East Alton, IL, renters typically need to show $2,085 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 East Alton, IL?
In East Alton, IL, the price-to-rent ratio is 16.9, 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.
