Studio Condos for Rent in Skokie, IL

/19
$1,949 Per Month
- Studio
- 1 Bath
- 300 Sq Ft
- Furnished Studio-Chicago - Skokie
5211 Old Orchard Rd, Skokie, IL 60077

Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

Furnished Studio-Chicago - Skokie

5211 Old Orchard Rd, Skokie, IL 60077
Explore Skokie
/12
$1,195 Per Month
- Studio
- 1 Bath
- Condo for Rent
8054 Niles Ave Unit BE, Skokie, IL 60077

Available October 15th! Please email leasing with any showing requests or inquiries.Spacious and sunny top floor unit located in the heart of downtown Skokie close to shopping, restaurants, and Metra!Features:?-Great, spacious layout-Plenty of space-Tons of natural light??-Laundry on-site-Storage available -Off street parking available to rent for $25/month

8054 Niles Ave Unit BE, Skokie, IL 60077

Illinois Cook County

Frequently Asked Questions

How much does it cost to rent a condo in Skokie, IL?

The median rent for a condo in Skokie, IL is $2,100 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.

How much do you need to make to afford rent in Skokie, IL?

To comfortably afford the median rent in Skokie, IL, a household needs to earn roughly $98,880 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 $2,472 per month in Skokie, IL, renters typically need to show $7,416 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 Skokie, IL?

In Skokie, IL, the price-to-rent ratio is 14.5, 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 Skokie, IL are best for renting a condo?

The best neighborhood for renting in Skokie, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Rogers Park, Edgewater, River North, Rush-Division and Ravenswood, each with its own character and price range.

Condo Rental Trends in Skokie, IL

There are currently 2 condos available for rent in Skokie, IL. The median rent is $2,100 per month, with 1-bedroom condos renting at $1,590, 2-bedroom condos at $2,025 and 3-bedroom condos at $2,700.

Rental Home Trends

Number of Condos for Rent 2	Median Condo Rent $2,100
Median 1 Bedroom Condo Rent $1,590	Median 2 Bedroom Condo Rent $2,025
Median 3 Bedroom Condo Rent $2,700

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