$1,550 Per Month
- 1 Bed
- 1 Bath
- 850 Sq Ft
- Condo for Rent
746 Prescott Dr Unit 205, Roselle, IL 60172
746 Prescott Dr Unit 205, Roselle, IL 60172
Frequently Asked Questions
How much does it cost to rent a condo in Roselle, IL?
The median rent for a condo in Roselle, IL is $2,237 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 Roselle, IL?
To comfortably afford the median rent in Roselle, IL, a household needs to earn roughly $84,000 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 $2,100 per month in Roselle, IL, renters typically need to show $6,300 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 Roselle, IL?
In Roselle, IL, the price-to-rent ratio is 14.9, 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 Roselle, IL are best for renting a condo?
The best neighborhood for renting in Roselle, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include South Schaumburg, East Schaumburg, Elk Grove Village East, South Hoffman Estates and Plum Grove Village, each with its own character and price range.
