$1,900 Per Month
- 2 Beds
- 1 Bath
- 1,000 Sq Ft
- Condo for Rent
1408 Hinman Ave Unit 1W, Evanston, IL 60201
1408 Hinman Ave Unit 1W, Evanston, IL 60201
Frequently Asked Questions
How much does it cost to rent a home in Evanston, IL?
The median rent for a home in Evanston, IL is $2,445 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Evanston, IL?
To comfortably afford the median rent in Evanston, IL, a household needs to earn roughly $97,800 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 $2,445 per month in Evanston, IL, renters typically need to show $7,335 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 Evanston, IL?
In Evanston, IL, the price-to-rent ratio is 15.3, 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 Evanston, IL are best for renting a home?
The best neighborhood for renting in Evanston, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Ridge, Downtown Evanston, West Evanston, Crown Park and Northeast Evanston, each with its own character and price range.
