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Oglesby, IL Home for Rent

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    $1,400

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,100 Sq Ft
    • Condo for Rent

    315 E 2nd St Unit 315 E 2nd st Oglesby, Oglesby, IL 61348

    ?? Spacious 2-Bedroom Apartment with Garage, Basement & Central Air – Oglesby, ILWelcome to 315 E 2nd Street, Oglesby, IL, a well-maintained 2-bedroom apartment located in a quiet, safe, and desirable residential neighborhood.This unit offers a comfortable and functional layout with great extra space and modern features that make it a great place to call home.The apartment

    315 E 2nd St Unit 315 E 2nd st Oglesby, Oglesby, IL 61348

Why Live in Oglesby

Oglesby, Illinois, located along the Interstate 39 corridor in north-central Illinois, is a small community of about 3,600 residents known for its rural recreation and proximity to major highways. The Illinois River and Vermillion River border the area, enhancing its appeal for outdoor activities. Starved Rock State Park, just five minutes away, is a major attraction, offering hiking, kayaking, and fishing opportunities. Matthiessen State Park and several local parks provide additional recreational options, including playgrounds, athletic spaces, and a community pool. The Deer Park Golf Club features an 18-hole public course. Oglesby’s residential landscape includes historic architectural styles such as Tudor, Colonial, and bungalow, with ranch-style homes on spacious lots being prominent. New construction lots, manufactured homes, and townhouses are also available. The community is served by Oglesby Public Schools District #125 for younger students, while older students attend the highly rated La Salle-Peru Township High School. Walnut Street serves as the main commercial corridor, offering dining, drinking establishments, and local businesses. Nearby Peru expands shopping and dining options, including the popular Peru Mall. Convenient travel is facilitated by I-39 and I-80, with Peoria about 65 miles away and Chicago approximately 100 miles away. The OSF Saint Elizabeth Medical Center in Peru is about 5 miles from Oglesby, ensuring accessible healthcare services.

Frequently Asked Questions

How much does it cost to rent a home in Oglesby, IL?
The median rent for a home in Oglesby, IL is $1,400 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses are currently more expensive.
How much do you need to make to afford rent in Oglesby, IL?
To comfortably afford the median rent in Oglesby, IL, a household needs to earn roughly $56,000 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 $1,400 per month in Oglesby, IL, renters typically need to show $4,200 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 Oglesby, IL?
In Oglesby, IL, the price-to-rent ratio is 9.5, 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.

Rental Home Trends in Oglesby, IL

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,400
Median Townhouse Rent
$1,495
Median Condo Rent
$1,400
How to Rent a Home