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City Report · IL

Riverdale

Pop. 10,340·120th most expensive in Illinois·One of the most affordable rental markets in the US
Median rent (all units)
$1,223/mo
Year-over-Year
Stable
Month-over-Month
-0.7%
vs US Median
-$739
Falling (Monthly)
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Most AffordableMost Expensive
Riverdale · $1,223
More affordable than 92% of US cities · National median $1,962/mo
Affordability
37% of income
MODERATE
0%30% benchmark60%+

At $1,223/mo, rent takes about 37% of the local median household income, slightly above the 30% benchmark.

Income to afford
$49,000/yr
Local median income
$39,833/yr
Based on the 30%-of-income rule using Riverdale's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,190
1 BR
$1,280
2 BR
$1,440
3 BR
$1,850
4 BR+
$2,170
Fair Market Rent (HUD)
$1,440/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,223 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
$14,676/yr
At $1,223/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

Riverdale, IL is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 17% of residents hold a bachelor's degree or higher.

Population
10,340
Median income
$39,833
Median age
32.8
Renters
48.5%
Age distribution
32.2%
21.2%
21.7%
13.6%
Under 1832.2%
18–3421.2%
35–5421.7%
55–6413.6%
65+11.3%
Gender
49%
51%
Male49%
Female51%
Race & ethnicity
89.9%
White0.6%
Black89.9%
Hispanic7.1%
Other2.2%
Education (25+)
34.8%
38.1%
17%
No HS diploma10.2%
HS diploma34.8%
Some college38.1%
Bachelor's+17%
Housing tenure
51.5%
48.5%
Owner51.5%
Renter48.5%

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

2021 vs 2026

How Riverdale, IL has changed in 5 years

Income
$38,233 → $39,833
up 4.2%
Population
10,909 → 10,340
down 5.2%
Renter share
54.6% → 48.5%
-6.1 pts
Bachelor's+
15.9% → 17%
+1.1 pts

Household income in the area moved from $38,233 to $39,833 across the same window, up 4.2% versus 2021. Headcount in the area went from 10,909 to 10,340 between 2021 and 2024, a 5.2% change. About 48.5% of households rent today, against 54.6% in 2021.

Community

Discussions about Riverdale

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

Can you afford rent in Riverdale on your salary?

At $1,223/mo, how Riverdale rent compares to typical pay (30% rule).

By apartment size

Riverdale rent by bedroom count

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

Local insights

Tips for renters in Riverdale

About renting in Riverdale, IL

Last updated: August 17, 2026

The median rent in Riverdale is $1,223/mo as of August 2026. A studio apartment averages $1,190/mo while a 2-bedroom runs $1,440/mo. One-bedroom apartments average $1,280/mo and 3-bedroom units go for $1,850/mo.

At 37% of local median household income ($39,833/yr), Riverdale ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Riverdale an affordable city for renters?

Riverdale is considered moderate for renters. At $1,223/mo, rent takes approximately 37% of the local median household income ($39,833/yr). The standard benchmark is 30%. Riverdale slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Riverdale?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (~$24/hour full-time) to afford the median rent of $1,223/mo in Riverdale. The local median household income is $39,833/yr, meaning the typical Riverdale household falls short of that threshold.

Is rent going up or down in Riverdale?

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

How does Riverdale rent compare to other cities in Illinois?

Riverdale is one of the more affordable cities in Illinois for rent, ranking #120 out of 142 tracked cities at $1,223/mo.

What percentage of Riverdale residents rent vs. own?

According to Census data, approximately 48.5% of Riverdale households are renters, while 51.5% are owner-occupied. Riverdale leans toward homeownership, which can mean a smaller rental inventory.

How does Riverdale rent compare to the national average?

Riverdale's median rent of $1,223/mo is $739 (38%) below the US national median of $1,962/mo. Within Illinois, it ranks #120 out of 142 tracked cities.
Income Affordability
37%
MODERATE

At $1,223/mo, rent takes ~37% of Riverdale's median household income ($39,833/yr). The standard benchmark is 30%.

Riverdale 37%Benchmark 30%
State income tax4.95%
Run the Riverdale affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Riverdale, IL

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