$1,199 Per Month
- 1 Bed
- 1 Bath
- 700 Sq Ft
- Apartment for Rent
111 N Center St Unit 2R, Joliet, IL 60435
111 N Center St Unit 2R, Joliet, IL 60435
Frequently Asked Questions
How much does it cost to rent a home in Joliet, IL?
The median rent for a home in Joliet, IL is $2,047 per month, though prices vary by neighborhood, size, and property type. As of May 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 Joliet, IL?
To comfortably afford the median rent in Joliet, IL, a household needs to earn roughly $81,880 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 $2,047 per month in Joliet, IL, renters typically need to show $6,141 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 Joliet, IL?
In Joliet, IL, the price-to-rent ratio is 12.0, 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 Joliet, IL are best for renting a home?
The best neighborhood for renting in Joliet, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Southwest Joliet, Fall Creek, Reedwood, Cathedral Area and East Plainfield, each with its own character and price range.
