Starting at $700 Per Month
- 1 - 3 Beds
26 Carroll Wood Dr, Wood River, IL 62095
1, 2 & 3 bedroom apartments for rent in Wood River, IL just minutes from St. Louis and Edwardsville and with a bus to SIUE campus.
Rocwood Apartments
Frequently Asked Questions
How much does it cost to rent a home in Wood River, IL?
The median rent for a home in Wood River, IL is $850 per month, though prices vary by neighborhood, size, and property type. As of June 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 Wood River, IL?
To comfortably afford the median rent in Wood River, IL, a household needs to earn roughly $34,000 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 $850 per month in Wood River, IL, renters typically need to show $2,550 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 River, IL?
In Wood River, IL, the price-to-rent ratio is 14.2, 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 River, IL are best for renting a home?
The best neighborhood for renting in Wood River, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Castle Point and Hathaway Manor, each with its own character and price range.
