States › Illinois › Lynwood

Is Lynwood, IL expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,51314% lower than U.S. average
💵 Families earn per year (2026)$91,928about $7,661/month · 6% higher than U.S. average
🔑 House price$218,00034% lower than U.S. average

Rent is lower than in 57% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 49.6 minutes each way.

How much money do I need?

To rent here comfortably, you should earn about $60,520 a year. That is $29 an hour at a full-time job.

Is rent cheaper than other Illinois cities?

Yes. Rent here is cheaper than in most of Illinois. It is number 167 of 334 cities from cheapest to most expensive.

Lynwood
$1,513
Riverside
$1,641
Willowbrook
$2,201
Manteno
$1,556
Boulder Hill
$1,806
Savoy
$1,502
Bethalto
$1,093

How much do households earn in Lynwood?

Under $25k
11.7%
$25k–50k
13.1%
$50k–100k
37.7%
$100k–150k
26.1%
$150k+
6.7%

Share of households by yearly income. 32.8% of households earn $100,000 or more.

Rent by apartment size in Lynwood

SizeLynwoodU.S. average
1 bedroom$1,087$1,324
3 bedrooms$1,779$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Lynwood overall?

Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).

Housing
94
Goods (food, clothes…)
104
Utilities
85
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lynwood, so the Illinois figure is shown.

Taxes and bills in Lynwood

🏛️ Property tax$6,966a year · 3.20% of home value · U.S. $3,119
⚡ Electric bill$138a month (typical) · U.S. $156

Life in Lynwood

Commute to work49.6 minU.S.: 26.4 min
College degree31.4%U.S.: 35.7%
Own their home75%U.S.: 65.2%
Below poverty line9.2%U.S.: 12.5%
Unemployment5.7%U.S.: 5.2%

Is it cheaper to rent or buy in Lynwood?

About the same. Renting and owning cost within $1 of each other each month.

Renting
$1,513
Owning
$1,513

Owning assumes a typical $218,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,800 for the down payment.

Frequently asked questions

What is the average rent in Lynwood, IL?

Renting in Lynwood costs a median of about $1,513 a month in 2026, including utilities. The Illinois median is $1,517.

How much do I need to make to live in Lynwood?

To keep rent under 30% of income, you need about $60,520 a year, or $29 an hour at a full-time job.

Is Lynwood cheap or expensive?

Lynwood is rated Cheap: rent takes 19.8% of the typical household income of $91,928. It ranks 167th cheapest of 334 Illinois cities we track.

How much are property taxes in Lynwood?

The median homeowner in Lynwood pays $6,966 a year in property taxes, about 3.20% of the median home value.

Is Lynwood more expensive than the national average?

Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Lynwood?

The median home value in Lynwood is $218,000, about 2.4 times the typical yearly household income.

9,083 people live in Lynwood. Numbers are typical (middle) values.