One of the byproducts of the depressed housing for sale market has been a robust rental market. Home buyers who aren't quite ready to commit to a purchase have a wide range of rentals to choose from in many communities.
In Naperville, for example, there are nearly 200 homes, townhomes and condos offered for rent in the Multiple Listing Service through real estate brokers. Monthly rents range from $895 for a 1-bedroom condo to $7,000 for a 7,000 square foot 4-bedroom, 5-bath home. The median monthly rent is $2,000, and rentals often pencil out favorably in a rent vs buy analysis.
Five bucks shy of that median rent will put you in a 4-bedroom, 3 ½ bath single-family home with a 2-car garage at 1321 Cortland Dr.