Downers Grove, IL Rental Market Trends
Highlights
The average rent for an apartment in Downers Grove is $1,442, a 7% increase compared to the previous year, when the average rent was $1,348.
Average Rent in Downers Grove, IL
Last updated Jul 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,442 | 7% | 931 sq. ft. |
The average size for a Downers Grove, IL apartment is 931 square feet, but this number varies greatly depending on apartment type. 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-$1,50064%
- $1,501-$2,00030%
- > $2,0005%
Downers Grove, IL Rent Trends
| Average Rent | Jan / 2016 | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | Sept / 2018 | Jul / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Downers Grove, IL | $1,295 | $1,298 | $1,283 | $1,260 | $1,333 | $1,264 | $1,348 | $1,348 | $1,429 | $1,442 |
| National | $1,290 | $1,319 | $1,334 | $1,329 | $1,354 | $1,366 | $1,366 | $1,381 | $1,396 | $1,430 |
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How Does Downers Grove Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Naperville | $1,430 | 1% |
| Carol Stream | $1,202 | 4% |
| Lisle | $1,316 | 4% |
| Wheaton | $1,488 | 4% |
| Lombard | $1,463 | 6% |
| West Chicago | $1,045 | 7% |
| Westmont | $1,233 | 3% |
| Glen Ellyn | $1,130 | 4% |
| Hanover Park | $940 | 4% |
| Itasca | $1,570 | -3% |
| Downers Grove | $1,442 | 7% |
For more information about the Downers Grove rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Downers Grove apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.