Average Rent In Illinois For January 2024
Average Rent
What is the average rent in Illinois?
The average rent in Illinois for January 2024 is $1,359, according to the most recent data from ApartmentList - January 3, 2024. The average rent of a 2-bedroom apartment in Illinois is $1,361. The average rent of a 1-bedroom apartment in Illinois is $1,187.
Compared to the national average of $1,379, Illinois rent costs -1.5% less. Read our analysis of rents by state to see how Illinois ranks.
Here's a look at how average rents have changed over time:
How Does Illinois Rent Compare To The Rest Of The Country?
| Statistic | IL | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,359 | $1,379 | -1.5% |
| M-o-M Change | -$9 | -$11 | -18.2% |
| Y-o-Y Change | $48 | -$14 | -442.9% |
| M-o-M % Change | -0.7% | -0.8% | - |
| Y-o-Y % Change | 3.7% | -1.0% | - |
Median Rent By Bedrooms In Illinois
1-Bedroom
2-Bedroom
As you would expect, the median price for rent in Illinois increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in Illinois clocking in at $1,187, while a 2-bedroom rental will set you back $1,361 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $680/room/month.
Read on to find out more or for more on Illinois check out:
- Best Places To Live In Illinois
- Cheapest Places To Live In Illinois
- Most Dangerous Cities In Illinois
Month Over Month Illinois Rent Statistics
M-o-M Increase
M-o-M Increase
Illinois has experienced a -$9 change in rent over the past month going from $1,368 to $1,359. That change comes out to -0.7%.
For reference, the US national average rent changed -$11 in the past month or -0.8%.
Here's a look at the month over month change for each month since 2017 for Illinois:
Year Over Year Illinois Rent Statistics
Y-o-Y Increase
Y-o-Y Increase
Over the past year, the average rent in Illinois changed $48 from $1,311 to $1,359. A change of $48 means that rents changed 3.7% in a year.
That compares to the US national change of -$14 in the past year or -1.0%.
Here's a look at the year over year change by month since 2017 for Illinois:
The 10 Places With The Highest Rent In Illinois
Population: 7,328
Median Rent: $2,775
More on Lincolnshire: Data | Crime | Cost Of Living | Real Estate
Population: 10,783
Median Rent: $2,209
More on Burr Ridge: Data | Crime | Cost Of Living | Real Estate
Population: 9,440
Median Rent: $2,180
More on Flossmoor: Data | Crime | Cost Of Living | Real Estate
Population: 33,591
Median Rent: $2,178
More on Northbrook: Data | Crime | Cost Of Living | Real Estate
Population: 11,386
Median Rent: $2,089
More on Campton Hills: Data | Crime | Cost Of Living | Real Estate
Population: 12,504
Median Rent: $2,066
More on Winnetka: Data | Crime | Cost Of Living | Real Estate
Population: 12,637
Median Rent: $1,959
More on Lincolnwood: Data | Crime | Cost Of Living | Real Estate
Population: 18,931
Median Rent: $1,942
More on Lake Forest: Data | Crime | Cost Of Living | Real Estate
Population: 13,187
Median Rent: $1,908
More on Western Springs: Data | Crime | Cost Of Living | Real Estate
Population: 41,978
Median Rent: $1,902
More on Plainfield: Data | Crime | Cost Of Living | Real Estate
Learn More About Living In Illinois
About Chris Kolmar
Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.
He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.
You can find out more about him on LinkedIn.