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Studio Apartments for Rent in Lockport, IL

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    Starting at $1,654 Per Month

    • Studio - 3 Beds

    16551 W Springs Cir, Lockport, IL 60441

    Springs at Lockport is a gated, garden-style apartment community in Lockport, Illinois, near Historic Downtown Lockport with access to Interstate 355. Residents enjoy private entry living with an in-home washer/dryer, a private balcony or patio, and a professional onsite team. Springs at Lockport offers studio, one, two, and three bedroom floor plans. Pricing varies by floor plan, lease length,

    Springs at Lockport

    16551 W Springs Cir, Lockport, IL 60441
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    $800

    Total Monthly Price

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

    411 Farrell Rd Unit 1, Lockport, IL 60441

    It is secluded and set back from main street in a quiet neighborhood. In middle of everything but still have your privacy. It is all heat and appliances are electric, tenant pays for electricity. Window Air Conditioning Unit. Water and trash removal included. Assigned 1 parking space included. Tenant pays for credit and background check. Minimum income per month required is $2400. Minimum

    411 Farrell Rd Unit 1, Lockport, IL 60441

Why Live in Lockport

Lockport, Illinois, located in Will County, sits on the eastern banks of the Des Plaines River, about 30 miles southwest of downtown Chicago. Known as "The Old Canal Town" and "the City of Historic Pride," Lockport features one of the best-preserved canal sites in the country. The city has grown significantly since the mid-1800s and now has a population of over 26,000. Primarily a bedroom community, Lockport benefits from nearby employment opportunities in Romeoville and Joliet, with the Metra line providing access to downtown Chicago. The city is known for its community events, including Military Weekend History at Dellwood Park, Cruisin' into Lockport, Restaurant Week, and Old Canal Days, which features a parade, carnival, fireworks, and historic trolley tours. Attractions include the 150-acre Dellwood Park, the Lockport Prairie Nature Preserve, and extensive trails like the Gaylord Donnelly Trail and Illinois and Michigan Canal Trail. Shopping is centered along East 9th Street and 159th Street, featuring specialty shops, eateries, and suburban-style shopping strips. Residential options range from historic Colonial Revival and Victorian homes near downtown to modern developments in subdivisions like Creekside Estates and Parkside Estates. Lockport is served by highly rated schools, including Lockport School District, Will County School District No. 92, Lockport Township High School District 205, and Romeoville High School. Historical sites like the Gaylord Building and Will County Historical Museum provide cultural enrichment. Transportation is facilitated by the Metra station, Pace Suburban Bus Route 834, and major interstates, with Midway and O'Hare International Airports located 30 and 40 miles northeast, respectively.

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 July 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 16.5, 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 Seven Bridges and South Lombard, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,850
Median Single Family Home Rent
$2,200
Median Townhouse Rent
$2,250
Median Condo Rent
$1,750
How to Rent a Home