$1,495
Total Monthly Price
- 1 Bed
- 1 Bath
- 700 Sq Ft
- Condo for Rent
2100 Light Rd Unit 210, Oswego, IL 60543
Frequently Asked Questions
How much does it cost to rent a condo in Oswego, IL?
The median rent for a condo in Oswego, IL is $1,650 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Oswego, IL?
To comfortably afford the median rent in Oswego, IL, a household needs to earn roughly $103,800 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 $2,595 per month in Oswego, IL, renters typically need to show $7,785 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 Oswego, IL?
In Oswego, IL, the price-to-rent ratio is 14.1, 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 Oswego, IL are best for renting a condo?
The best neighborhood for renting in Oswego, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Fox Valley, Indian Creek, Meadow Glens and Old Farm, each with its own character and price range.
