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Wilmington, IL Home for Rent

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  • 103 S Joliet St Unit 1, Wilmington, IL 60481
    103 S Joliet St Unit 1, Wilmington, IL 60481
    103 S Joliet St Unit 1, Wilmington, IL 60481
    /6

    $1,225

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    103 S Joliet St Unit 1, Wilmington, IL 60481

    Open House: 6/9 @ 4:30pm103 S. Joliet St #1 is a roomy 2 bedroom and 1 bathroom apartment in Wilmington. This apartment has many updates throughout. It features a large living room, eat in kitchen, sharedlaundry, appliances included, and tenant only pays electric and water. Pets are not permitted at this property.Application process takes 3-5 daysTo apply, all applicants

    103 S Joliet St Unit 1, Wilmington, IL 60481
Illinois Will County Wilmington

Homes for Rent in Wilmington, IL

Why Live in Wilmington

Wilmington, Illinois, known as "The Island City," is situated along the Kankakee River and combines rural and suburban living. Part of the Heritage Corridor along historic Route 66, Wilmington has a rich history as a riverport and a stop on the Underground Railroad. The historical downtown area features antique shops, small businesses, and eateries, with popular spots like Haydens Crossing and the Mar Theater. Residents enjoy seasonal events such as the Let Freedom Rock Celebration, Fourth of July fireworks, and Catfish Days. The Wilmington Park District Farmers Market is a summer highlight, while winter brings the Christmas Cookie Crawl. Housing options include historic homes, bungalows, and ranch-style houses. Wilmington's public schools, including L.J. Stevens Intermediate and Wilmington Middle, are highly rated. Outdoor attractions are abundant, with boating and fishing on the Kankakee River and hiking in nearby Forsythe Woods and Midewin National Tallgrass Prairie. Wilmington is car-dependent, with the nearest commuter stations in Manhattan and Joliet, about 17 miles away. Major employers include Dow Chemical Company and a Walmart distribution center. Downtown Chicago is approximately 60 miles away.

Learn more about living in Wilmington

Frequently Asked Questions

How much does it cost to rent a home in Wilmington, IL?
The median rent for a home in Wilmington, IL is $1,225 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Wilmington, IL?
To comfortably afford the median rent in Wilmington, IL, a household needs to earn roughly $49,000 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 $1,225 per month in Wilmington, IL, renters typically need to show $3,675 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 Wilmington, IL?
In Wilmington, IL, the price-to-rent ratio is 17.5, 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 Wilmington, IL are best for renting a home?
The best neighborhood for renting in Wilmington, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Southwest Joliet, Reedwood, Cathedral Area, Saint John's and Northeast Joliet, each with its own character and price range.

Rental Trends in Wilmington, IL

There are currently 1 homes available for rent in Wilmington, IL. The median rent is $1,225 per month, with single-family homes renting at $1,300, townhouses at $1,100 and condos at $1,238.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,225
Median Single Family Home Rent
$1,300
Median Townhouse Rent
$1,100
Median Condo Rent
$1,238
How to Rent a Home

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