Explore Hawthorn Woods
Frequently Asked Questions
How much does it cost to rent a condo in Hawthorn Woods, IL?
The median rent for a condo in Hawthorn Woods, IL is $4,500 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Hawthorn Woods, IL?
To comfortably afford the median rent in Hawthorn Woods, IL, a household needs to earn roughly $180,000 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 $4,500 per month in Hawthorn Woods, IL, renters typically need to show $13,500 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 Hawthorn Woods, IL?
In Hawthorn Woods, IL, the price-to-rent ratio is 14.4, 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 Hawthorn Woods, IL are best for renting a condo?
The best neighborhood for renting in Hawthorn Woods, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Capri Village, South Libertyville, Virginia Lake, South Buffalo Grove and Downtown Palatine, each with its own character and price range.
