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Studio Apartment for Rent in Galesburg, IL

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    $450 Per Month

    • Studio
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    384 W North St Unit 2, Galesburg, IL 61401

    384 W North St, #2, Galesburg $450 with water, sewer and garbage included. Main floor efficiency apartment with 1 bathroom. Apartment has had some recent updating. Refrigerator and stove are provided. This building is a triplex with one upstairs apt and two downstairs apts. Pets are negotiable. Security Deposit $450. 1st months rent and security deposit required for move in. Absolutely NO

    384 W North St Unit 2, Galesburg, IL 61401

Why Live in Galesburg

Galesburg, Illinois, is a small city known for its historical significance and rural charm, surrounded by expansive cornfields. As the county seat of Knox County, it has deep roots as a former railroad hub and a stop on the Underground Railroad. Despite a declining population, Galesburg continues to attract those seeking a tight-knit community with affordable housing options. The city features a range of home styles, including Victorian mansions, Colonial Revivals, and American Foursquares, with prices significantly below the national median. Galesburg's economy is still influenced by the railroad industry, with BNSF Railway as the largest employer. The city is well-connected, with Amtrak providing daily service to and from Chicago, and proximity to larger cities like Davenport and Peoria via Interstate 74. Lake Storey Park offers recreational features such as a public beach, baseball fields, and mountain biking trails. The National Railroad Hall of Fame, under construction, will complement the existing Galesburg Railroad Museum and the annual Railroad Days Festival. Downtown, the Seminary Street Historic District is a cultural hub with a growing arts scene, while Knox College contributes to the city's educational landscape. Crime rates in Galesburg have decreased, aligning with national averages. However, residents should be mindful of the higher-than-average risk of tornadoes and windstorms due to the city's location in Tornado Alley.

Frequently Asked Questions

How much does it cost to rent a home in Galesburg, IL?
The median rent for a home in Galesburg, IL is $975 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Galesburg, IL?
To comfortably afford the median rent in Galesburg, IL, a household needs to earn roughly $39,000 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 $975 per month in Galesburg, IL, renters typically need to show $2,925 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 Galesburg, IL?
In Galesburg, IL, the price-to-rent ratio is 10.1, 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

Number of Homes for Rent
1
Median Rent
$975
Median Single Family Home Rent
$975
How to Rent a Home