$2,800 Per Month
- 3 Beds
- 2 Baths
- 1,398 Sq Ft
- House for Rent
4376 W Hill Ave, Gurnee, IL 60031
4376 W Hill Ave, Gurnee, IL 60031
Frequently Asked Questions
How much does it cost to rent a home in Gurnee, IL?
The median rent for a home in Gurnee, IL is $2,189 per month, though prices vary by neighborhood, size, and property type. As of July 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 Gurnee, IL?
To comfortably afford the median rent in Gurnee, IL, a household needs to earn roughly $87,560 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 $2,189 per month in Gurnee, IL, renters typically need to show $6,567 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 Gurnee, IL?
In Gurnee, IL, the price-to-rent ratio is 14.2, 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 Gurnee, IL are best for renting a home?
The best neighborhood for renting in Gurnee, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Southwest Waukegan, The Links at Midlane, West Waukegan, South Libertyville and Marquette Highlands, each with its own character and price range.
