Newest Home for Rent in Olympia Fields, IL

/32
$3,895 Per Month
- 4 Beds
- 2.5 Baths
- 2,345 Sq Ft
- House for Rent
3451 Ithaca Rd, Olympia Fields, IL 60461

Room to spread out. This four-bedroom, two-and-a-half-bath home offers roughly 2,345 square feet on a quiet residential street in Olympia Fields, with all four bedrooms upstairs and a half bath on the main level so guests are not walking through your private space.The kitchen has been completely updated with new cabinetry, countertops, and appliances, and it opens to the main living area

3451 Ithaca Rd, Olympia Fields, IL 60461
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Illinois Cook County

Frequently Asked Questions

How much does it cost to rent a home in Olympia Fields, IL?

The median rent for a home in Olympia Fields, IL is $3,895 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.

How much do you need to make to afford rent in Olympia Fields, IL?

To comfortably afford the median rent in Olympia Fields, IL, a household needs to earn roughly $155,800 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 $3,895 per month in Olympia Fields, IL, renters typically need to show $11,685 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 Olympia Fields, IL?

In Olympia Fields, IL, the price-to-rent ratio is 7.3, 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 Olympia Fields, IL are best for renting a home?

The best neighborhood for renting in Olympia Fields, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Old Matteson and West Matteson, each with its own character and price range.

Rental Trends in Olympia Fields, IL

There are currently 1 homes available for rent in Olympia Fields, IL. The median rent is $3,895 per month, with single-family homes renting at $3,400.

Rental Home Trends

Number of Homes for Rent 1	Median Rent $3,895
Median Single Family Home Rent $3,400

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