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City Report · IL

Maywood

Pop. 23,201·104th most expensive in Illinois·Rental market data updated monthly for Maywood, IL
Median rent (all units)
$1,424/mo
Year-over-Year
Stable
Month-over-Month
+0.7%
vs US Median
-$541
Rising (Monthly)
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Most AffordableMost Expensive
Maywood · $1,424
More affordable than 80% of US cities · National median $1,965/mo
Affordability
25% of income
AFFORDABLE
0%30% benchmark60%+

At $1,424/mo, rent takes about 25% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$57,000/yr
Local median income
$68,815/yr
Based on the 30%-of-income rule using Maywood's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,230
1 BR
$1,310
2 BR
$1,480
3 BR
$1,900
4 BR+
$2,230
Research median
$1,480/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$17,088/yr
At $1,424/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.0% YoY, +0.7% MoM), not inventory.
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Demographics

Who lives here

Maywood, IL is majority owner-occupied, has a large share of families with children, 19.2% of residents hold a bachelor's degree or higher.

Population
23,201
Median income
$68,815
Median age
34.6
Renters
40%
Age distribution
25.9%
25%
27.3%
12.3%
Under 1825.9%
18–3425%
35–5427.3%
55–649.5%
65+12.3%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
55.6%
36.9%
White9.6%
Black55.6%
Hispanic36.9%
Asian1.3%
Education (25+)
18.8%
34.8%
27.2%
19.2%
No HS diploma18.8%
HS diploma34.8%
Some college27.2%
Bachelor's+19.2%
Housing tenure
60%
40%
Owner60%
Renter40%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Maywood, IL has changed in 5 years

Income
$58,764 → $68,815
up 17.1%
Population
23,547 → 23,201
down 1.5%
Renter share
39% → 40%
+1.0 pts
Bachelor's+
15.2% → 19.2%
+4.0 pts
Median age
39.9 → 34.6
-5.3 yrs

Local incomes tracked alongside that move, going from a median of $58,764 in 2021 to $68,815 more recently. The population has contracted by 1.5% since 2021, moving from about 23,547 residents to roughly 23,201. College-educated residents now make up 19.2% of adults here, versus 15.2% in 2021.

Community

Discussions about Maywood

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View Maywood rent history (2015–2026) →
Salary vs rent

Can you afford rent in Maywood on your salary?

At $1,424/mo, how Maywood rent compares to typical pay (30% rule).

By apartment size

Maywood rent by bedroom count

Median rent for each apartment size in Maywood. Click any size for full breakdown.

Local insights

Tips for renters in Maywood

About renting in Maywood, IL

Last updated: July 20, 2026

The median rent in Maywood is $1,424/mo as of July 2026. A studio apartment averages $1,230/mo while a 2-bedroom runs $1,480/mo. One-bedroom apartments average $1,310/mo and 3-bedroom units go for $1,900/mo.

At 25% of local median household income ($68,815/yr), Maywood ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Maywood an affordable city for renters?

Maywood is considered affordable for renters. At $1,424/mo, rent takes approximately 25% of the local median household income ($68,815/yr). The standard benchmark is 30%. Maywood falls comfortably within that range.

How much income do you need to rent in Maywood?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (~$27/hour full-time) to afford the median rent of $1,424/mo in Maywood. The local median household income is $68,815/yr, meaning the typical Maywood household meets that threshold.

Is rent going up or down in Maywood?

Rent in Maywood has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Maywood rent compare to other cities in Illinois?

Maywood is one of the more affordable cities in Illinois for rent, ranking #104 out of 142 tracked cities at $1,424/mo.

Which nearby cities are cheaper to rent in than Maywood?

Broadview is nearby and more affordable at $1,343/mo, which is $81 less than Maywood.

What percentage of Maywood residents rent vs. own?

According to Census data, approximately 40% of Maywood households are renters, while 60% are owner-occupied. Maywood leans toward homeownership, which can mean a smaller rental inventory.

How does Maywood rent compare to the national average?

Maywood's median rent of $1,424/mo is $541 (28%) below the US national median of $1,965/mo. Within Illinois, it ranks #104 out of 142 tracked cities.
Income Affordability
25%
AFFORDABLE

At $1,424/mo, rent takes ~25% of Maywood's median household income ($68,815/yr). The standard benchmark is 30%.

Maywood 25%Benchmark 30%
State income tax4.95%
Run the Maywood affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Maywood, IL

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