$2,300 Per Month
- 3 Beds
- 2.5 Baths
- 2,000 Sq Ft
- Townhouse for Rent
400 Stewart Ct, Wilmington, IL 60481
Property Id: 2191042New construction2,0000 sq ft3-bedroom2 1/2-bath2-car garage $2,300 month$2,300 last month$2,300 deposit
(815) 706-3088
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 $2,300 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes and townhouses 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 $92,000 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 $2,300 per month in Wilmington, IL, renters typically need to show $6,900 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 9.4, 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 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.
