States › Illinois › New Lenox

Is New Lenox, IL expensive to live in?

CheapRent takes 13 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,58310% lower than U.S. average
💵 Families earn per year (2026)$151,923about $12,660/month · 74% higher than U.S. average
🔑 House price$399,90020% higher than U.S. average

Rent is lower than in 53% of U.S. cities. Household incomes are higher than in 90% 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 32.7 minutes each way. Most homes (92.4%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $63,320 a year. That is $30 an hour at a full-time job.

Is rent cheaper than other Illinois cities?

No. Rent here is more expensive than in most of Illinois. It is number 183 of 334 cities from cheapest to most expensive.

New Lenox
$1,583
$2,560
$1,701
$1,280
$3,785

How much do households earn in New Lenox?

Under $25k
4.7%
$25k–50k
9.2%
$50k–100k
26.1%
$100k–150k
31.0%
$150k+
27.2%

Share of households by yearly income. 58.2% of households earn $100,000 or more.

Rent by apartment size in New Lenox

SizeNew LenoxU.S. average
2 bedrooms$1,565$1,509
3 bedrooms$1,935$1,698

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

How expensive is New Lenox 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 New Lenox, so the Illinois figure is shown.

Taxes and bills in New Lenox

🏛️ Property tax$9,276a year · 2.32% of home value · U.S. $3,119
⚡ Electric bill$137a month (typical) · U.S. $156

Life in New Lenox

Commute to work32.7 minU.S.: 26.4 min
College degree47.6%U.S.: 35.7%
Own their home92.4%U.S.: 65.2%
Below poverty line1.5%U.S.: 12.5%
Unemployment2.9%U.S.: 5.2%

Is it cheaper to rent or buy in New Lenox?

Renting is cheaper right now: about $1,192 a month less.

Renting
$1,583
Owning
$2,775

Owning assumes a typical $399,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $39,990 for the down payment.

Frequently asked questions

What is the average rent in New Lenox, IL?

Renting in New Lenox costs a median of about $1,583 a month in 2026, including utilities. The Illinois median is $1,517.

How much do I need to make to live in New Lenox?

To keep rent under 30% of income, you need about $63,320 a year, or $30 an hour at a full-time job.

Is New Lenox cheap or expensive?

New Lenox is rated Cheap: rent takes 12.5% of the typical household income of $151,923. It ranks 183rd cheapest of 334 Illinois cities we track.

How much are property taxes in New Lenox?

The median homeowner in New Lenox pays $9,276 a year in property taxes, about 2.32% of the median home value.

Is New Lenox 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 New Lenox?

The median home value in New Lenox is $399,900, about 2.6 times the typical yearly household income.

28,006 people live in New Lenox. Numbers are typical (middle) values.