Lockport, IL Houses for Rent

/26
$2,395 Per Month
- 2 Beds
- 3 Baths
- 1,800 Sq Ft
- House for Rent
1492 S Jefferson St, Lockport, IL 60441

Available FOR RENT a PROFESSIONALLY REMODELED 2 story home located in the heart of Lockport. This cape cod has so much original charm but is completely updated. Home features a gorgeous kitchen, ample breakfast area, spacious living room with a fireplace, cozy office, 2 bedrooms, 1 full bath and powder rooms, 1 car garage and lovely outdoors! Enjoy high end appliances, including full size washer

Edward Hall Baird & Warner

1492 S Jefferson St, Lockport, IL 60441
Explore Lockport
/18
$3,500 Per Month
- 3 Beds
- 2 Baths
- 1,534 Sq Ft
- House for Rent
15428 W 147th St, Lockport, IL 60491

Calling all horse owners...this rental is for you! Live in this recently rehabbed 3 bed/2 bath home, care for your horses in the 6-stable barn, and run your business from the 6-car heated garage! This property has everything you could need PLUS all the privacy you want on a sprawling 5-acre lot. Owner looking for a tenant who will truly be able to utilize all this property has to offer.

Michael Glenn Village Realty, Inc.

15428 W 147th St, Lockport, IL 60491

Illinois Will County

Frequently Asked Questions

How much does it cost to rent a single-family home in Lockport, IL?

The median rent for a single-family home in Lockport, IL is $2,200 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 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 16.6, 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 single-family 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 single-family home include Lakewood Falls, East Bolingbrook and Fall Creek, each with its own character and price range.

Rental Home Trends in Lockport, IL

There are currently 2 single-family homes available for rent in Lockport, IL. The median rent is $2,200 per month, with 3-bedroom houses renting at $2,500 and 4-bedroom houses at $2,400.

Rental Home Trends

Number of Houses for Rent 2	Median Single Family Home Rent $2,200
Median 3 Bedroom Single Family Home Rent $2,500	Median 4 Bedroom Single Family Home Rent $2,400

How to Rent a Home

Rentals in Lockport

Houses for Rent by Bedrooms in Lockport

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