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Paris, IL Home for Rent

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    $800 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    625 S Austin St Unit 4A, Paris, IL 61944

    Enjoy peaceful living at Royal Heights Paris, conveniently located on the edge of town with easy access to everything you need. This updated 2 bedroom, 1 bathroom apartment offers modern features, off-street parking, on-site laundry, trash included, and 24/7 emergency maintenance. At $800 per month, it’s a comfortable place to call home.$50 Monthly Water Bill For 2 PeopleCedar

    625 S Austin St Unit 4A, Paris, IL 61944

Why Live in Paris

Paris, Illinois, offers a blend of small-town charm and convenience, with residents enjoying lakeside parks, annual events, and music performances. The city is compact, with most amenities just a short drive away. Downtown Paris features older homes, including Cape Cods, bungalows, workers' cottages, and ranch-style houses, while the outskirts have Colonial Revivals, farmhouses, and larger ranch-style homes. Twin Lakes Park, the largest green space, includes a playground, miniature golf course, RV campgrounds, and a splashpad. The park also hosts summer concerts at Spicer Pavilion and offers recreational activities like boating and fishing. The Paris Center of Fine Arts is a cultural hub, hosting school plays, musicals, and community theater performances. Annual events such as the Edgar County Fair and the Honeybee Festival are popular among locals. Mayo Middle School is highly rated, and Paris Cooperative High School offers a variety of courses and a nationally recognized band program. Downtown Paris is home to the historic Edgar County Courthouse and over 200 locally owned businesses, including restaurants and shops. Employment opportunities are available both in Paris and nearby cities, with North American Lighting Company being a significant local employer. Paris is within a reasonable drive to larger cities in Illinois and Indiana, with Indianapolis International Airport about 95 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Paris, IL?
The median rent for a home in Paris, IL is $800 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Paris, IL?
To comfortably afford the median rent in Paris, IL, a household needs to earn roughly $32,000 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 $800 per month in Paris, IL, renters typically need to show $2,400 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 Paris, IL?
In Paris, IL, the price-to-rent ratio is 11.4, 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 Paris, IL are best for renting a home?
The best neighborhood for renting in Paris, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Indiana State University, The Avenues, North Terre Haute, Farringtons Grove and South 13th Street, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$800
Median Condo Rent
$800
How to Rent a Home