$1,550 Per Month
- 3 Beds
- 2 Baths
- 1,250 Sq Ft
- Condo for Rent
506 Draco Dr, Freeburg, IL 62243
Frequently Asked Questions
How much does it cost to rent a home in Freeburg, IL?
The median rent for a home in Freeburg, IL is $1,047 per month, though prices vary by neighborhood, size, and property type. As of September 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 Freeburg, IL?
To comfortably afford the median rent in Freeburg, IL, a household needs to earn roughly $41,880 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 $1,047 per month in Freeburg, IL, renters typically need to show $3,141 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 Freeburg, IL?
In Freeburg, IL, the price-to-rent ratio is 20.5, 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.
What neighborhoods in Freeburg, IL are best for renting a home?
The best neighborhood for renting in Freeburg, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Soulard, Benton Park, Carondelet, Downtown Saint Louis and Downtown West, each with its own character and price range.
