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Naperville, IL

Rent Analysis: Naperville, IL

Updated 2026 · Based on median market data for Naperville, IL

Cap Rate
2.29%
Median Price
$440K
Rent/Mo
$1,950
1% Rule
0.44%
Fails

Rent Overview

The median monthly rent in Naperville, IL is $1,950, translating to $23,400 in annual gross rental income per unit. The rent-to-price ratio is 0.44% — well below the 1% rule, making pure cash flow investing challenging at median prices.

Rent Affordability

Renters in Naperville spend approximately 20% of the local median household income ($118,000) on rent. This is well below the 30% threshold, suggesting significant headroom for rent increases. Tenants can afford to pay more, which is bullish for landlords.

Vacancy & Tenant Demand

The vacancy rate in Naperville is 4.2%. This is extremely tight — expect strong tenant demand, quick lease-ups, and leverage to set favorable lease terms. In markets this tight, landlords often see multiple applications per listing. Population growth of 0.5% annually provides stable demand.

Gross Rent Multiplier

Naperville's GRM (price divided by annual rent) is 18.8x. A GRM above 16x means the property is expensive relative to its income. Investors here are typically betting on appreciation rather than current cash flow. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.

Rental Income Projection

At the median rent of $1,950/mo, a single-family rental in Naperville generates approximately $23,400 in gross annual income. After accounting for 4.2% vacancy ($983 lost), property taxes of $8,800, insurance (~$1,760), and maintenance (~$1,760), the estimated NOI is $10,097 per year, or $841/mo.

Full Naperville Analysis →Cap Rate CalculatorBRRRR Calculator

More Naperville Guides

Rental Property Investment GuideProperty Tax GuideCost of Living & AffordabilityAppreciation & Growth ForecastNeighborhood Investment Guide

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Aurora, IL$275K · $1,420/mo
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Chicago, IL$310K · $1,620/mo
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