$2,700 Per Month
- 2 Beds
- 2.5 Baths
- 1,517 Sq Ft
- Townhouse for Rent
16846 S Mallard Ln, Homer Glen, IL 60441
16846 S Mallard Ln, Homer Glen, IL 60441
Frequently Asked Questions
How much does it cost to rent a home in Lockport, IL?
The median rent for a home in Lockport, IL is $1,850 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 Lockport, IL?
To comfortably afford the median rent in Lockport, IL, a household needs to earn roughly $74,000 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 $1,850 per month in Lockport, IL, renters typically need to show $5,550 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 Lockport, IL?
In Lockport, IL, the price-to-rent ratio is 16.7, 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 Lockport, IL are best for renting a home?
The best neighborhood for renting in Lockport, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Saint John's, Grand Haven, Cathedral Area, Central Lemont and Lakewood Falls, each with its own character and price range.
