$1,750 Per Month
- 2 Beds
- 1 Bath
- Condo for Rent
4935 N Harlem Ave Unit 2, Chicago, IL 60656
4935 N Harlem Ave Unit 2, Chicago, IL 60656
Frequently Asked Questions
How much does it cost to rent a home in Harwood Heights, IL?
The median rent for a home in Harwood Heights, IL is $1,997 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Harwood Heights, IL?
To comfortably afford the median rent in Harwood Heights, IL, a household needs to earn roughly $79,880 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 $1,997 per month in Harwood Heights, IL, renters typically need to show $5,991 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 Harwood Heights, IL?
In Harwood Heights, IL, the price-to-rent ratio is 15.6, 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 Harwood Heights, IL are best for renting a home?
The best neighborhood for renting in Harwood Heights, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Norwood Park, Jefferson Park, Portage Park, Belmont Heights and O'Hare, each with its own character and price range.
