1

Newest Home for Rent in Oregon, IL

Section Image
  • /2

    $850 Per Month

    • 2 Beds
    • 1 Bath
    • 2 bedroom $850/Month

    617 Daysville Rd Unit 3, Oregon, IL 61061

    2 Bedroom, 1 Bath apartment in the country. Central Air and heating. Gas/Electric tenant responsibility. Lawn care and plowing included. No Pets. $850/month rent and $500 deposit.

    617 Daysville Rd Unit 3, Oregon, IL 61061

Frequently Asked Questions

How much does it cost to rent a home in Oregon, IL?
The median rent for a home in Oregon, IL is $850 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 Oregon, IL?
To comfortably afford the median rent in Oregon, IL, a household needs to earn roughly $34,000 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 $850 per month in Oregon, IL, renters typically need to show $2,550 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 Oregon, IL?
In Oregon, IL, the price-to-rent ratio is 19.8, 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.
What neighborhoods in Oregon, IL are best for renting a home?
The best neighborhood for renting in Oregon, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include West Gateway Coalition, Midtown District, Keith Creek, Prairie Hill and Northwest United, each with its own character and price range.

Rental Home Trends in Oregon, IL

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$850
Median Townhouse Rent
$2,050
Median Condo Rent
$850
How to Rent a Home