Starting at $1,873 Per Month
- Studio - 2 Beds
500 W Dundee Rd, Wheeling, IL 60090
UPTOWN 500 IS A UNIQUE URBAN RETREAT IN A RELAXED SUBURB LOCATION, SO YOU EXPERIENCE THE BEST OF BOTH WORLDS.
Uptown 500
(224) 434-3683
Frequently Asked Questions
How much does it cost to rent a home in Wheeling, IL?
The median rent for a home in Wheeling, IL is $2,400 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 Wheeling, IL?
To comfortably afford the median rent in Wheeling, IL, a household needs to earn roughly $96,000 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 $2,400 per month in Wheeling, IL, renters typically need to show $7,200 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 Wheeling, IL?
In Wheeling, 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.
What neighborhoods in Wheeling, IL are best for renting a home?
The best neighborhood for renting in Wheeling, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Edgewater, Lakeview East, Gold Coast, East Highland Park and Woodfield, each with its own character and price range.
