$1,750 Per Month
- 2 Beds
- 1 Bath
- 1,000 Sq Ft
- Condo for Rent
4208 Bonhill Dr Unit 2C, Arlington Heights, IL 60004
4208 Bonhill Dr Unit 2C, Arlington Heights, IL 60004
Frequently Asked Questions
How much does it cost to rent a condo in Long Grove, IL?
The median rent for a condo in Long Grove, IL is $1,850 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Long Grove, IL?
To comfortably afford the median rent in Long Grove, IL, a household needs to earn roughly $188,000 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 $4,700 per month in Long Grove, IL, renters typically need to show $14,100 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 Long Grove, IL?
In Long Grove, IL, the price-to-rent ratio is 17.4, 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 Long Grove, IL are best for renting a condo?
The best neighborhood for renting in Long Grove, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Capri Village, Virginia Lake, Greenbrier, South Libertyville and Downtown Palatine, each with its own character and price range.
