$1,500
Total Monthly Price
- 2 Beds
- 1 Bath
- 975 Sq Ft
- House for Rent
533 E Mill St, Rochester, IL 62563
2 bedroom, 1 bathroom, 2 car garage, fenced yard, new flooring, countertops and cabinets, new stove, dishwasher, microwave
Frequently Asked Questions
How much does it cost to rent a home in Rochester, IL?
The median rent for a home in Rochester, IL is $1,500 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Rochester, IL?
To comfortably afford the median rent in Rochester, IL, a household needs to earn roughly $60,000 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 $1,500 per month in Rochester, IL, renters typically need to show $4,500 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 Rochester, IL?
In Rochester, IL, the price-to-rent ratio is 15.9, 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 Rochester, IL are best for renting a home?
The best neighborhood for renting in Rochester, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Historic West Side, Bunn Park, Harvard Park, Iles Park and Grand Central, each with its own character and price range.
