- 1-3 Beds
- 1-2 Baths
$1,690 - $3,051
- 1-3 Beds
- 1-2 Baths
- 2 Beds
- 1 Bath
- 2 Beds
- 1 Bath
Renters’ Guide to Albany Park
Albany Park, Chicago is a cultural hodgepodge situated along the northwestern border of Illinois, with North Park to its north, Ravenswood east, Irving Park south, and Mayfair and North Mayfair to the west. It stands out as the largest of all these neighborhoods. Albany Park is 8 miles northwest of the downtown Chicago Loop and all of its employment opportunities. The neighborhood enjoys a pleasant ethnic diversity that attracts foodies from all over, which is why a 2017 study based on U.S. Census information found Albany Park one of the “Most Diverse Neighborhoods in Chicago”.
Albany Park, Chicago, IL Demographics
- Total Population78,731
Female 40,527Male 38,204
- Median Age34
Cost of Living in Albany Park, Chicago
The cost of living in Albany Park continues to remain affordable, even as prices in nearby neighborhoods skyrocket. A meal for two at a mid-range restaurant is $60.00 on average, $10.00 higher than the national average. Monthly utilities for a 915-square foot apartment cost about $130.66 in Albany Park, roughly $18.00 less than most other places in the country.
You can live without a car in Albany Park, Chicago – either biking or taking the CTA are popular options. The average cost for a bus ticket is $2.00, and six routes service the neighborhood (53, 78, 80, 81, 82, and 92). The average commute time in Albany Park is 32 minutes, which is 7 minutes longer than the national average.
Average Rent in Albany Park, Chicago, IL
- Albany Park, Chicago, IL Average Rental Price, August, 2018$1,221/mo
- 1 Bedroom$926
- 2 Bedrooms$1,620
- 1 Bedroom$1,771
- 2 Bedroom$2,382
Albany Park, Chicago, IL Apartment Rent Ranges
- > $2,0003%
Albany Park, Chicago, IL Rent Trends
|All rentals||Studio||1 Bed||2 Beds||3 Beds|
|Aug / 2018||$1,221||$853||$926||$1,620|
|Jan / 2018||$1,221||$853||$926||$1,620|
|Sept / 2017||$1,043||$861||$953||$1,608|
|May / 2017||$1,062||$861||$948||$1,763|
|Jan / 2017||$1,025||$777||$903||$1,794|
|Sept / 2016||$1,092||$817||$1,009||$1,683|
|May / 2016||$1,015||$828||$903||$1,697|
|Jan / 2016||$942||$798||$800||$1,744|
|Sept / 2015||$914||$736||$802||$1,585|
|May / 2015||$1,035||$785||$951||$1,610|
Average rent is projected to grow by 3% in 2018 compared to 2017.
Please note that projected rent growth is calculated at city level.
Average rent values on this page are aggregated from data from zip code 60625
Check out the average rent in Chicago.
Living in Albany Park
Living in Albany Park puts you within a short commuting distance to and from the Chicago Loop; also, some of the some of the best ethnic restaurants in Chicago are in Albany Park. However, some argue that litter and sparse entertainment besides fine dining are two reasons not to live in Albany Park.
Things to do in Albany Park, Chicago
There are many beautiful places in Albany Park, including the historic Eugene Field Park - with tennis courts and architectural preserves - and Jensen Park - with playgrounds and other great things to do with family. The Albany Park Shopping Center has a variety of trending retail stores. Some of the best places to eat in Albany Park are Semiramis, which offers excellent Lebanese dishes, Noon-O-Kabab, with its Persian specialties, and Chicago Kalbi, which specializes in gourmet Korean food. Couples’ attractions include upscale winetasting at Angelo’s Wine Bar or a casual sports bar setting at Gamblers.
Employment and Economy
Albany Park enjoys a robust local economy driven by a wide variety of family restaurants, many of which have been in business for generations. As such, top industries include hospitality, followed by healthcare jobs (due to Heartland Health Centers and Galilee Medical Center). Manufacturing, retail, and education come next.
Albany Park, Chicago, IL Households
- Total Number of Households29,132
Family 16,568Non-family 12,564
Children 8,550No Children 20,582
- Average People Per Household2.62
- Median Household Income$56,507
- Median Housing Costs Per Month$1,119
Education in Albany Park
The North Park University in Albany Park enrolls over 3 thousand students, and the Albany Park Multicultural Academy is a “1+ level school”, meaning social and emotional education is taught in addition to core curriculum. In addition, the Albany Park Elementary School recently won five separate medals in the State Science Competition.
Albany Park, Chicago, IL Education Statistics
- No High School11%
- Some High School24%
- Some College19%
- Associate Degree5%
- Bachelor Degree26%
- Graduate Degree15%
Tips for Renting in Albany Park
If you are moving to Albany Park, know that your landlord can only enter the unit after they have given written notice at least two days in advance (unless it’s an emergency, or if repairs are required). You, however, may give your landlord 14 days to make repairs. After that, you can legally withhold a portion of the rent.
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