$2,750 Per Month
- 3 Beds
- 2 Baths
- 1,500 Sq Ft
- Townhouse for Rent
544 N Hainesville Rd Unit 1, Round Lake, IL 60073
544 N Hainesville Rd Unit 1, Round Lake, IL 60073
Frequently Asked Questions
How much does it cost to rent a home in Round Lake Park, IL?
The median rent for a home in Round Lake Park, IL is $3,300 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Round Lake Park, IL?
To comfortably afford the median rent in Round Lake Park, IL, a household needs to earn roughly $132,000 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 $3,300 per month in Round Lake Park, IL, renters typically need to show $9,900 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 Round Lake Park, IL?
In Round Lake Park, IL, the price-to-rent ratio is 6.2, 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.
