$4,150 Per Month
- 3 Beds
- 3 Baths
- 1,693 Sq Ft
- Condo for Rent
4240 Gilbert Ave Unit 4244, Western Springs, IL 60558
Frequently Asked Questions
How much does it cost to rent a condo in Western Springs, IL?
The median rent for a condo in Western Springs, IL is $2,250 per month, though prices vary by neighborhood, size, and property type. As of May 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 Western Springs, IL?
To comfortably afford the median rent in Western Springs, IL, a household needs to earn roughly $144,000 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 $3,600 per month in Western Springs, IL, renters typically need to show $10,800 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 Western Springs, IL?
In Western Springs, IL, the price-to-rent ratio is 20.7, 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 Western Springs, IL are best for renting a condo?
The best neighborhood for renting in Western Springs, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include South Westmont, Austin and North Westmont, each with its own character and price range.
