$1,450 Per Month
- 1 Bed
- 1 Bath
- Condo for Rent
3001 N Thatcher Ave Unit 5J, River Grove, IL 60171
(708) 842-6303
Frequently Asked Questions
How much does it cost to rent a home in River Grove, IL?
The median rent for a home in River Grove, IL is $3,450 per month, though prices vary by neighborhood, size, and property type. As of May 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 River Grove, IL?
To comfortably afford the median rent in River Grove, IL, a household needs to earn roughly $138,000 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 $3,450 per month in River Grove, IL, renters typically need to show $10,350 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 River Grove, IL?
In River Grove, IL, the price-to-rent ratio is 7.9, 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 River Grove, IL are best for renting a home?
The best neighborhood for renting in River Grove, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Belmont Terrace, Galewood, Belmont Heights, Montclare and Belmont Central, each with its own character and price range.
