$1,500
Total Monthly Price
- 2 Beds
- 1 Bath
- 1,000 Sq Ft
- Condo for Rent
1557 Harlem Rd Unit 1551, Machesney Park, IL 61111
Recently updated two bedroom apartment great location includes all appliances, sewer, and Garbage. This is a must see.
Frequently Asked Questions
How much does it cost to rent a condo in Machesney Park, IL?
The median rent for a condo in Machesney Park, IL is $1,100 per month, though prices vary by neighborhood, size, and property type. As of June 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 Machesney Park, IL?
To comfortably afford the median rent in Machesney Park, IL, a household needs to earn roughly $83,800 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 $2,095 per month in Machesney Park, IL, renters typically need to show $6,285 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 Machesney Park, IL?
In Machesney Park, IL, the price-to-rent ratio is 8.9, 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 Machesney Park, IL are best for renting a condo?
The best neighborhood for renting in Machesney Park, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Prairie Hill, Midtown District and Keith Creek, each with its own character and price range.
