Downers Grove, IL Rental Market Trends
Highlights
The average rent for an apartment in Downers Grove is $1,570, a 7% increase compared to the previous year, when the average rent was $1,468.
Average Rent in Downers Grove, IL
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,570 | 7% | 906 sq. ft. |
The average size for a Downers Grove, IL apartment is 906 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Downers Grove, IL Apartment Rent Ranges
- $1,001-$1,50052%
- $1,501-$2,00043%
- > $2,0005%
Downers Grove, IL Occupied Housing Units
- Renter-occupied Households36%
- Owner-occupied Households63%
7,359 or 36% of the households in Downers Grove, IL are renter-occupied while 12,909 or 63% are owner-occupied.
Downers Grove, IL Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Jan / 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Downers Grove, IL | $1,348 | $1,348 | $1,429 | $1,442 | $1,459 | $1,468 | $1,497 | $1,453 | $1,570 |
| National | $1,381 | $1,418 | $1,428 | $1,432 | $1,468 | $1,475 | $1,477 | $1,464 | $1,462 |
How Downers Grove Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Chicago | $1,799 | -8% |
| Oak Park | $1,880 | n/a |
| Evanston | $1,953 | -1% |
| Naperville | $1,529 | 3% |
| Aurora | $1,350 | 2% |
| Lisle | $1,356 | -1% |
| Lombard | $1,526 | -1% |
| Elgin | $1,196 | 9% |
| Carol Stream | $1,244 | -2% |
| Joliet | $1,052 | 6% |
| Downers Grove | $1,570 | 7% |
For more information about the Downers Grove rental trends, check out our monthly rent report
Check out Illinois Cities, Illinois Neighborhoods and Illinois Zip Codes for more details on verified listings, including the Illinois Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!