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City Report · IL

Richton Park

Pop. 12,521·38th most expensive in Illinois·Rental market data updated monthly for Richton Park, IL
Median rent (all units)
$2,241/mo
Year-over-Year
Stable
Month-over-Month
-0.1%
vs US Median
+$279
Stable (Monthly)
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Most AffordableMost Expensive
Richton Park · $2,241
More expensive than 71% of US cities · National median $1,962/mo
Affordability
42% of income
STRETCHED
0%30% benchmark60%+

At $2,241/mo, rent takes about 42% of the local median household income, well above the 30% benchmark.

Income to afford
$90,000/yr
Local median income
$64,554/yr
Based on the 30%-of-income rule using Richton Park's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,340
1 BR
$1,430
2 BR
$1,620
3 BR
$2,080
4 BR+
$2,440
Fair Market Rent (HUD)
$1,620/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,241 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$26,892/yr
At $2,241/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, -0.1% MoM), not inventory.
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Demographics

Who lives here

Richton Park, IL is roughly split between renters and owners, has a large retiree population, has a median income below the national average, 29.3% of residents hold a bachelor's degree or higher.

Population
12,521
Median income
$64,554
Median age
44.6
Renters
48.1%
Age distribution
19.9%
20.2%
25%
14.8%
20.2%
Under 1819.9%
18–3420.2%
35–5425%
55–6414.8%
65+20.2%
Gender
43.7%
56.3%
Male43.7%
Female56.3%
Race & ethnicity
87.8%
White9.2%
Black87.8%
Hispanic1.2%
Other1.3%
Education (25+)
25.4%
39.1%
29.3%
No HS diploma6.2%
HS diploma25.4%
Some college39.1%
Bachelor's+29.3%
Housing tenure
51.9%
48.1%
Owner51.9%
Renter48.1%

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

2021 vs 2026

How Richton Park, IL has changed in 5 years

Income
$65,132 → $64,554
down 0.9%
Population
12,867 → 12,521
down 2.7%
Renter share
45.9% → 48.1%
+2.2 pts
Bachelor's+
30.4% → 29.3%
-1.1 pts
Median age
41.9 → 44.6
+2.7 yrs

Census figures show median household income at $64,554 today, compared with $65,132 five years earlier. Census counts show Richton Park, IL losing about 346 residents over the five-year window, down 2.7% on net. The renter share has risen from 45.9% to 48.1%, with owner-occupied housing accounting for the remainder.

Community

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View Richton Park rent history (2015–2026) →
Salary vs rent

Can you afford rent in Richton Park on your salary?

At $2,241/mo, how Richton Park rent compares to typical pay (30% rule).

By apartment size

Richton Park rent by bedroom count

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

Local insights

Tips for renters in Richton Park

About renting in Richton Park, IL

Last updated: August 17, 2026

The median rent in Richton Park is $2,241/mo as of August 2026. A studio apartment averages $1,340/mo while a 2-bedroom runs $1,620/mo. One-bedroom apartments average $1,430/mo and 3-bedroom units go for $2,080/mo.

At 42% of local median household income ($64,554/yr), Richton Park ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Richton Park an affordable city for renters?

Richton Park is considered stretched for renters. At $2,241/mo, rent takes approximately 42% of the local median household income ($64,554/yr). The standard benchmark is 30%. Richton Park significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Richton Park?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (~$43/hour full-time) to afford the median rent of $2,241/mo in Richton Park. The local median household income is $64,554/yr, meaning the typical Richton Park household falls short of that threshold.

Is rent going up or down in Richton Park?

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

How does Richton Park rent compare to other cities in Illinois?

Richton Park is one of the pricier cities in Illinois for rent, ranking #38 out of 142 tracked cities at $2,241/mo.

Which nearby cities are cheaper to rent in than Richton Park?

Several nearby cities have lower median rents than Richton Park ($2,241/mo): Chicago Heights ($1,498/mo), Park Forest ($1,806/mo), Homewood ($1,991/mo).

What percentage of Richton Park residents rent vs. own?

According to Census data, approximately 48.1% of Richton Park households are renters, while 51.9% are owner-occupied. Richton Park leans toward homeownership, which can mean a smaller rental inventory.

How does Richton Park rent compare to the national average?

Richton Park's median rent of $2,241/mo is $279 (14%) above the US national median of $1,962/mo. Within Illinois, it ranks #38 out of 142 tracked cities.
Income Affordability
42%
STRETCHED

At $2,241/mo, rent takes ~42% of Richton Park's median household income ($64,554/yr). The standard benchmark is 30%.

Richton Park 42%Benchmark 30%
State income tax4.95%
Run the Richton Park affordability calculator →
Lowest-rent ZIP codes in Richton Park
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Richton Park, IL

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