How much rent can you afford in Downers Grove, IL?
Run your salary against Downers Grove's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Downers Grove
At a median rent of $2,264/mo, Downers Grove is very affordable when measured against Downers Grove median household income of $115,114/yr. Rent would consume roughly 24% of pre-tax income, and a salary of about $90,560 keeps rent at the recommended 30% threshold.
How Downers Grove compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Downers Grove?
On a $115,114 salary (the Downers Grove median household income), the recommended ceiling is 30% of pre-tax income, or about $2,878/mo. Downers Grove's median rent is $2,264/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Downers Grove?
To keep Downers Grove's $2,264/mo median rent under 30% of income, you'd need about $90,560/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Downers Grove affordable on the median Illinois income?
Downers Grove is very affordable on a $115,114 income. Rent would take 24% of pre-tax pay, inside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".