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Peotone, IL Condos for Rent

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  • 29837 Il-50, Peotone, IL 60468
    29837 Il-50, Peotone, IL 60468
    29837 Il-50, Peotone, IL 60468
    /16

    $900 Per Month

    • Studio
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    29837 Il-50, Peotone, IL 60468

    Come check out the newly remodeled North Peotone Apartment complex!! No expense was spared to make this community the best on the south side!! There are laundry facilities on site. Grilling area. Plenty of parking. We have multiple units that are now available for immediate occupancy. Studio, 1 bedrooms, and 2 bedrooms. All units have been updated with new flooring, paint, appliances and more.

    29837 Il-50, Peotone, IL 60468
  • 29837 Il-50, Peotone, IL 60468
    29837 Il-50, Peotone, IL 60468
    29837 Il-50, Peotone, IL 60468
    /17

    $1,400 Per Month

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    29837 Il-50, Peotone, IL 60468

    Come check out the newly remodeled North Peotone Apartment complex!! No expense was spared to make this community the best on the south side!! There are laundry facilities on site. Grilling area. Plenty of parking. We have multiple units that are now available for immediate occupancy. Studio, 1 bedrooms, and 2 bedrooms. All units have been updated with new flooring, paint, appliances and more.

    29837 Il-50, Peotone, IL 60468
Illinois Will County Peotone

Condos for Rent in Peotone, IL

Frequently Asked Questions

How much does it cost to rent a condo in Peotone, IL?
The median rent for a condo in Peotone, IL is $1,200 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Peotone, IL?
To comfortably afford the median rent in Peotone, IL, a household needs to earn roughly $46,000 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 $1,150 per month in Peotone, IL, renters typically need to show $3,450 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 Peotone, IL?
In Peotone, IL, the price-to-rent ratio is 22.7, 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.

Condo Rental Trends in Peotone, IL

There are currently 2 condos available for rent in Peotone, IL. The median rent is $1,200 per month, with 1-bedroom condos renting at $1,000 and 2-bedroom condos at $1,400.

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$1,200
Median 1 Bedroom Condo Rent
$1,000
Median 2 Bedroom Condo Rent
$1,400
How to Rent a Home

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