Gurnee, IL Rental Market Trends

Highlights

The average rent for an apartment in Gurnee is $1,347, a 9% increase compared to the previous year, when the average rent was $1,241.

Average Rent in Gurnee, IL

Last updated Jul 2019
Average Rent Y-o-Y Change Average Apartment Size
$1,347 9% 879 sq. ft.

The average size for a Gurnee, IL apartment is 879 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.

Gurnee, IL Apartment Rent Ranges

  • $701-$1,00016%
  • $1,001-$1,50044%
  • $1,501-$2,00040%

Gurnee, 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
Gurnee, IL $1,150 $1,196 $1,185 $1,181 $1,258 $1,212 $1,241 $1,241 $1,328 $1,347
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 Gurnee Compare to Nearby Cities

Average Rent Y-o-Y Change
Round Lake $1,162 n/a
Waukegan $983 6%
Waukegan City $983 6%
Round Lake Town $1,162 n/a
Gurnee $1,347 9%
Grayslake $1,152 2%
Lake Forest $3,171 n/a
Lake Villa $1,122 -1%
Lake Villa Town $1,122 -1%
Libertyville $1,235 4%
Wauconda $954 n/a

For more information about the Gurnee rental trends, check out our monthly rent report

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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 Gurnee 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.

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