Starting at $1,789 Per Month
- 3 Beds
10116 Cook Ave, Oak Lawn, IL 60453
Frequently Asked Questions
How much does it cost to rent a home in Oak Lawn, IL?
The median rent for a home in Oak Lawn, IL is $2,225 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Oak Lawn, IL?
To comfortably afford the median rent in Oak Lawn, IL, a household needs to earn roughly $89,000 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 $2,225 per month in Oak Lawn, IL, renters typically need to show $6,675 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 Oak Lawn, IL?
In Oak Lawn, IL, the price-to-rent ratio is 10.6, 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 Oak Lawn, IL are best for renting a home?
The best neighborhood for renting in Oak Lawn, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Mount Greenwood, Ashburn, Morgan Park, Beverly and Clearing, each with its own character and price range.
