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Studio Apartment for Rent in Quincy, IL

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    $650

    Total Monthly Price

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

    716 Ohio St Unit 4, Quincy, IL 62301

    716 Ohio St Unit 4, Quincy, IL 62301

Why Live in Quincy

Quincy, Illinois, is a riverside town with nearly 39,000 residents, offering a mix of historic charm and modern convenience. The city is known for its eclectic home styles, including mid-19th century Italianate and Second Empire houses in historic districts like the East End and South Side German Historic Districts. More contemporary options include mid-20th century ranch-style homes and newer builds in subdivisions such as Northridge, Kingsridge, Carriage Hill, and Willow Creek. Quincy’s real estate market features homes ranging from $15,000 to $900,000, with listings typically selling after 44 days on the market. The city has a robust healthcare sector, with major employers like Blessing Hospital and Quincy Medical Group, alongside manufacturing companies like Knapheide and an upcoming Amazon distribution center. Residents enjoy a variety of things to do, including visiting one of the city's 30 parks, such as Sunset Park and Lincoln Park, or attending events like the Gem City Concert Series and Blues in the District. Quincy’s downtown, known as The District, has seen significant investment, with new businesses and improved infrastructure. The city also offers cultural experiences at museums like The Quincy Museum. Quincy Public Schools and St. Dominic School provide highly rated educational options, with Quincy Senior High noted for its strong music and arts programs. The city’s crime rates are below national averages, contributing to its reputation as a safe place to live. Transportation options include Quincy Transit, Amtrak, and Quincy Regional Airport, facilitating travel to Chicago and St. Louis.

Frequently Asked Questions

How much does it cost to rent a home in Quincy, IL?
The median rent for a home in Quincy, IL is $1,062 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Quincy, IL?
To comfortably afford the median rent in Quincy, IL, a household needs to earn roughly $42,480 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 $1,062 per month in Quincy, IL, renters typically need to show $3,186 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 Quincy, IL?
In Quincy, IL, the price-to-rent ratio is 13.8, 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.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,062
Median Single Family Home Rent
$1,250
Median Condo Rent
$975
How to Rent a Home