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Spring Valley, IL Home for Rent

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    $1,000 Per Month

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Townhouse for Rent

    826 N Spalding St, Spring Valley, IL 61362

    Very nice 1/2 duplex for rent. 2 bedroom, office, living room, 1 bath. Stove and refrigerator included plus laundry hookup available on main level. Freshly painted, vinyl flooring throughout, tenant pays utilities. Rent plus one month security deposit. 1 year lease required. Credit/background check required with application per person. Fenced yard shared with other tenant.

    Barbara Kuzma Coldwell Banker Today's

    826 N Spalding St, Spring Valley, IL 61362

Why Live in Spring Valley

Spring Valley, Illinois, is a small city of approximately 5,400 residents situated along the Illinois River in Bureau County. Known as the “Sauger Capital of the World,” it hosts numerous fishing tournaments, including the Masters Walleye Circuit, and features a boat club and the Walleye Run 5K. The community benefits economically from its proximity to Interstates 80 and 39, which attract major businesses like the Walmart Distribution Center #6092, a significant local employer and community supporter. Housing in Spring Valley includes a mix of older homes with various architectural styles, midcentury ranch-style homes, and contemporary houses in subdivisions. The Illinois River and Kirby Park are popular local destinations, offering activities such as boating, hiking, disc golf, and ice skating. Kirby Park also hosts annual events like the Spring Valley Summerfest and the Harvest Festival/Ethnic Sausage Fest. The community supports high school sports, with Hall High School earning a high rating and boasting a strong athletic program. Dining options are available along St. Paul Street and U.S. Route 6, with additional shopping and dining in nearby Peru. Convenient access to Peoria, about 60 miles away, and Chicago, roughly 100 miles away, is provided by Interstates 39 and 80. The closest commercial airport is General Wayne A. Downing Peoria International Airport, and OSF Saint Elizabeth Medical Center in Peru is less than 5 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Spring Valley, IL?
The median rent for a home in Spring Valley, IL is $1,000 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option while townhouses are currently more expensive.
How much do you need to make to afford rent in Spring Valley, IL?
To comfortably afford the median rent in Spring Valley, IL, a household needs to earn roughly $40,000 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 $1,000 per month in Spring Valley, IL, renters typically need to show $3,000 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 Spring Valley, IL?
In Spring Valley, IL, the price-to-rent ratio is 10.8, 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.

Rental Trends in Spring Valley, IL

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,000
Median Single Family Home Rent
$948
Median Townhouse Rent
$998
How to Rent a Home