$1,700 Per Month
- 2 Beds
- 1 Bath
- 660 Sq Ft
- Condo for Rent
323 N Princeton Ave Unit 8, Villa Park, IL 60181
323 N Princeton Ave Unit 8, Villa Park, IL 60181
Frequently Asked Questions
How much does it cost to rent a condo in Villa Park, IL?
The median rent for a condo in Villa Park, IL is $1,650 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 Villa Park, IL?
To comfortably afford the median rent in Villa Park, IL, a household needs to earn roughly $65,960 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 $1,649 per month in Villa Park, IL, renters typically need to show $4,947 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 Villa Park, IL?
In Villa Park, IL, the price-to-rent ratio is 18.4, 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 Villa Park, IL are best for renting a condo?
The best neighborhood for renting in Villa Park, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include North Lombard, South Lombard, North Danada, South Westmont and North Westmont, each with its own character and price range.
