$550 Per Month
- 2 Beds
- 1 Bath
- 784 Sq Ft
- House for Rent
716 West St, Flora, IL 62839
Back YardWasher/Dryer hookupPet-friendly with approved paperwork and applicable fees
Frequently Asked Questions
How much does it cost to rent a home in Flora, IL?
The median rent for a home in Flora, IL is $550 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Flora, IL?
To comfortably afford the median rent in Flora, IL, a household needs to earn roughly $22,000 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 $550 per month in Flora, IL, renters typically need to show $1,650 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 Flora, IL?
In Flora, IL, the price-to-rent ratio is 16.3, 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.
