Three Illinois Cities on List of 10 Cheapest Places to Rent in US

As rent prices continue to climb, many Americans are struggling to find affordable housing without sacrificing space. A recent study by New Jersey Real Estate Network has uncovered the US cities where renters can enjoy the most room for their hard-earned money and Illinois is home to three cities in the top ten.

Illinois Is a Great Place to Call Home

No doubt Illinois is home to some wonderful places to live but not all of them are as affordable as others. According to the study, three cities in the state have some of the cheapest rental rates per square foot nationwide.

Decatur is Number 2 on the List

Decatur takes the lead as one of the most budget-friendly cities for renters in need of room. Here, the average rent is just $0.69 per square foot, an impressive 61% below the national average. Current rental listings in Decatur offer spacious accommodations, with an average size of approximately 1,177 square feet. This means you can find roomy and affordable living spaces in Decatur.

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CarbondaleTakes the Number 4 Spot

Carbondale, located in Southern Illinois, is another fantastic option for renters seeking space and value. The rent here is $0.79 per square foot, making it the fourth most favorable rent-to-space ratio on the list. Current rental listings in Carbondale average about 930 square feet, resulting in an average monthly rent of $734.

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Peoria Places Sixth Most Affordable for Rent

Heading to Central Illinois in Peoria, you'll discover another city offering affordable rentals with ample space. With rent prices at an average of $0.86 per square foot per month, Peoria is an excellent choice for those looking for roomy accommodations without the hefty price tag.

Affordable and Spacious Living in Illinois

In your quest for spacious and budget-friendly rental options, these cities in Illinois have a lot to offer. With rent prices per square foot well below the national average, you can enjoy comfortable and roomy living spaces without straining your finances.

[Source: NewJerseyRealEstateNetwork]

LOOK: Here are the 25 best places to live in Illinois

Stacker compiled a list of the best places to live in Illinois using data from Niche. Niche ranks places to live based on a variety of factors including cost of living, schools, health care, recreation, and weather. Cities, suburbs, and towns were included. Listings and images are from realtor.com.

On the list, there's a robust mix of offerings from great schools and nightlife to high walkability and public parks. Some areas have enjoyed rapid growth thanks to new businesses moving to the area, while others offer glimpses into area history with well-preserved architecture and museums. Keep reading to see if your hometown made the list.

Source: Three Illinois Cities Make the List of 10 Cheapest Places to Rent in America

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