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Ottawa, IL Condos for Rent

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  • /18

    $2,700 Per Month

    • 2 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • Condo for Rent

    212 Great Loop East Dr Unit 1B, Ottawa, IL 61350

    Live like you're on vacation in this move-in ready condo at Heritage Harbor Ottawa, an award-winning waterfront community along the Illinois River. Welcome to The Cardinal Cottage, a fully furnished two-bedroom, two-bathroom condo with a versatile layout featuring one bedroom and living area on the main level and a second bedroom with additional living space in the basement, each with its own

    EMILY WALKER Heritage Select Realty

    212 Great Loop East Dr Unit 1B, Ottawa, IL 61350
  • /14

    $2,400 Per Month

    • 1 Bed
    • 1 Bath
    • 580 Sq Ft
    • Condo for Rent

    214 Great Loop East Dr Unit 2A, Ottawa, IL 61350

    Flexible lease terms and move-in ready! Welcome to the Sea-Doo at Heritage Harbor Ottawa. This bright one-bedroom fully furnished condo features modern finishes, comfortable furnishings, and access to community walking paths and the marina. Flexible lease terms and quick move-in available. Conveniently located near downtown Ottawa, Starved Rock State Park, and with easy access to I-80. Experience

    EMILY WALKER Heritage Select Realty

    214 Great Loop East Dr Unit 2A, Ottawa, IL 61350

Frequently Asked Questions

How much does it cost to rent a condo in Ottawa, IL?
The median rent for a condo in Ottawa, IL is $1,675 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while single-family homes and condos are currently more expensive.
How much do you need to make to afford rent in Ottawa, IL?
To comfortably afford the median rent in Ottawa, IL, a household needs to earn roughly $68,000 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 $1,700 per month in Ottawa, IL, renters typically need to show $5,100 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 Ottawa, IL?
In Ottawa, IL, the price-to-rent ratio is 10.5, 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 Ottawa, IL

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$1,675
Median 1 Bedroom Condo Rent
$1,700
Median 2 Bedroom Condo Rent
$1,538
Median 3 Bedroom Condo Rent
$1,650
How to Rent a Home