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Newest Homes for Rent in Kankakee, IL

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  • 494 S Chicago Ave Unit 2N, Kankakee, IL 60901
    494 S Chicago Ave Unit 2N, Kankakee, IL 60901
    494 S Chicago Ave Unit 2N, Kankakee, IL 60901
    /12

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 1,175 Sq Ft
    • Apartment for Rent

    494 S Chicago Ave Unit 2N, Kankakee, IL 60901

    Welcome home to this spacious rental available now! Plenty of space with this 2nd floor unit 2 bedrooms 1 bath, living room, separate dining room, & kitchen. Hardwood flooring, front & back porch, plus possible garage parking is available for added convenience. This unit is conveniently located in Kankakee situated near grocery stores, shopping, schools, entertainment, public transportation, and

    Jaime Birks eXp Realty

    494 S Chicago Ave Unit 2N, Kankakee, IL 60901
  • 515 S Dearborn Ave, Kankakee, IL 60901
    515 S Dearborn Ave, Kankakee, IL 60901
    515 S Dearborn Ave, Kankakee, IL 60901
    /13

    $1,850 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,500 Sq Ft
    • Condo for Rent

    515 S Dearborn Ave, Kankakee, IL 60901

    Property Id: 987587 A 3 bedroom, 1.5 bathroom two story unit in a quiet neighborhood near Kankakee River. The Riverwalk Property is currently occupied but will be available to lease and move-in August 1, 2026. It has laminate wood floors, carpet in bedrooms and a shared front deck. This is the perfect property for your family. The property is in walking distance of Downtown Kankakee and

    515 S Dearborn Ave, Kankakee, IL 60901
  • 376 S Harrison Ave Unit 1, Kankakee, IL 60901
    376 S Harrison Ave Unit 1, Kankakee, IL 60901
    /2

    $1,250 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

    376 S Harrison Ave Unit 1, Kankakee, IL 60901

    Property Id: 1670273 Ready to rent? Submit your application and we will get back to you. Ready to rent? Submit your application and we will get back to you. Ready to rent? Submit your application and we will get back to you.

    376 S Harrison Ave Unit 1, Kankakee, IL 60901
  • 342 Tedmark Ct, Kankakee, IL 60901
    342 Tedmark Ct, Kankakee, IL 60901
    342 Tedmark Ct, Kankakee, IL 60901
    /15

    $1,400 Per Month

    • 2 Beds
    • 1 Bath
    • 788 Sq Ft
    • TEDMARK DUPLEX

    342 Tedmark Ct, Kankakee, IL 60901

    Welcome to your new home! This beautifully renovated 2-bedroom, 1-bathroom property offers modern comfort and convenience in a cozy, inviting space.Property Highlights:Freshly updated interiors with new flooring, paint, and fixturesBright, open living area perfect for relaxing or entertainingModern kitchen with updated appliances and ample cabinet spaceTwo spacious bedrooms with closet

    342 Tedmark Ct, Kankakee, IL 60901
  • 600 W Station St Unit 600, Kankakee, IL 60901
    600 W Station St Unit 600, Kankakee, IL 60901
    600 W Station St Unit 600, Kankakee, IL 60901
    /8

    $825

    Total Monthly Price

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

    600 W Station St Unit 600, Kankakee, IL 60901

    Cute and Open Efficiency 2nd fl apartment. 825 rent tenant pays electric only. Security/Cleaning Deposit $825. Close to shopping. Must have income of 3x to qualify and verify. Credit and back round check required. Must get approved prior to showing we can send other pictures. Text at is best. Range and Refrigerator supplied.

    600 W Station St Unit 600, Kankakee, IL 60901
  • 241 S Cannon Ave, Kankakee, IL 60901
    241 S Cannon Ave, Kankakee, IL 60901
    /2

    $1,100

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    241 S Cannon Ave, Kankakee, IL 60901

    2 bedroom 55 and older Safe and quiet. All utilities furnished except for lights.

    241 S Cannon Ave, Kankakee, IL 60901
Illinois Kankakee County

Newest Homes for Rent in Kankakee, IL

Frequently Asked Questions

How much does it cost to rent a home in Kankakee, IL?
The median rent for a home in Kankakee, IL is $1,200 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Kankakee, IL?
To comfortably afford the median rent in Kankakee, IL, a household needs to earn roughly $48,000 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 $1,200 per month in Kankakee, IL, renters typically need to show $3,600 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 Kankakee, IL?
In Kankakee, IL, the price-to-rent ratio is 10.8, 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 Trends in Kankakee, IL

There are currently 6 homes available for rent in Kankakee, IL. The median rent is $1,200 per month, with single-family homes renting at $1,400, townhouses at $3,000 and condos at $1,395.

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$1,200
Median Single Family Home Rent
$1,400
Median Townhouse Rent
$3,000
Median Condo Rent
$1,395
How to Rent a Home

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