$3,495 Per Month
- 4 Beds
- 2 Baths
- 1,728 Sq Ft
- House for Rent
366 N Hemlock Ave, Wood Dale, IL 60191
366 N Hemlock Ave, Wood Dale, IL 60191
Frequently Asked Questions
How much does it cost to rent a home in Wood Dale, IL?
The median rent for a home in Wood Dale, IL is $2,850 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option while townhouses and condos are currently more expensive.
How much do you need to make to afford rent in Wood Dale, IL?
To comfortably afford the median rent in Wood Dale, IL, a household needs to earn roughly $114,000 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 $2,850 per month in Wood Dale, IL, renters typically need to show $8,550 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 Wood Dale, IL?
In Wood Dale, IL, the price-to-rent ratio is 11.1, 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 Wood Dale, IL are best for renting a home?
The best neighborhood for renting in Wood Dale, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include South Itasca, North Itasca, Elk Grove Village East, Elk Grove Village West and Mount Shire, each with its own character and price range.
