How much rent can you afford in Oak Park, IL?
Run your salary against Oak Park's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Oak Park
At a median rent of $2,086/mo, Oak Park is very affordable when measured against Oak Park median household income of $110,820/yr. Rent would consume roughly 23% of pre-tax income, and a salary of about $83,440 keeps rent at the recommended 30% threshold.
How Oak Park compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Oak Park?
On a $110,820 salary (the Oak Park median household income), the recommended ceiling is 30% of pre-tax income, or about $2,771/mo. Oak Park's median rent is $2,086/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Oak Park?
To keep Oak Park's $2,086/mo median rent under 30% of income, you'd need about $83,440/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Oak Park affordable on the median Illinois income?
Oak Park is very affordable on a $110,820 income. Rent would take 23% 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".