$1,595 Per Month
- 2 Beds
- 1.5 Baths
- 1,222 Sq Ft
- Townhouse for Rent
262 Sunset Blvd, Oglesby, IL 61348
262 Sunset Blvd, Oglesby, IL 61348
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 $1,595 per month, though prices vary by neighborhood, size, and property type. As of July 2026, townhouses tend to be the most affordable option while condos 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 $63,800 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 $1,595 per month in Oglesby, IL, renters typically need to show $4,785 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 8.8, 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.
