$1,000 Per Month
- 2 Beds
- 1 Bath
- 1,050 Sq Ft
- Condo for Rent
1120 E 8th St Unit 1, Metropolis, IL 62960
Wonderful 2 bedroom 1 bath apartment in Metropolis
Frequently Asked Questions
How much does it cost to rent a home in Metropolis, IL?
The median rent for a home in Metropolis, IL is $1,000 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Metropolis, IL?
To comfortably afford the median rent in Metropolis, IL, a household needs to earn roughly $40,000 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 $1,000 per month in Metropolis, IL, renters typically need to show $3,000 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 Metropolis, IL?
In Metropolis, IL, the price-to-rent ratio is 9.9, 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.
