Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Hoffman Estates, IL Rental Market Trends
What is the average rent in Hoffman Estates?
The average rent for an apartment in Hoffman Estates is $1,274, a 7% decrease compared to the previous year, when the average rent was $1,365.
Average Rent in Hoffman Estates, IL
Last updated June 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,274 | -7% | 857 sq. ft. |
What is the average apartment size in Hoffman Estates?
The average size for a Hoffman Estates, IL apartment is 857 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.
Hoffman Estates, IL Apartment Rent Ranges
- $701-$1,0002%
- $1,001-$1,50085%
- $1,501-$2,00013%
Hoffman Estates, IL Occupied Housing Units
- Renter-occupied Households22%
- Owner-occupied Households77%
3,951 or 22% of the households in Hoffman Estates, IL are renter-occupied while 13,766 or 77% are owner-occupied.
Hoffman Estates, IL Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jun / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Hoffman Estates, IL | $1,181 | $1,181 | $1,216 | $1,313 | $1,320 | $1,310 | $1,365 | $1,315 | $1,287 | $1,274 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 |
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How Hoffman Estates Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Chicago | $1,908 | -4% |
| Oak Park | $1,859 | -4% |
| Evanston | $1,936 | n/a |
| Naperville | $1,589 | 6% |
| Aurora | $1,394 | 6% |
| Arlington Heights | $1,414 | -2% |
| Kenosha | $1,100 | 5% |
| Elgin | $1,282 | 12% |
| Des Plaines | $1,453 | -2% |
| Lombard | $1,537 | 2% |
| Hoffman Estates | $1,274 | -7% |
Most Popular Apartments in Hoffman Estates
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 Hoffman Estates 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.