Hoffman Estates, IL Rental Market Trends
Highlights
The average rent for an apartment in Hoffman Estates is $1,320, a 12% increase compared to the previous year, when the average rent was $1,181.
Average Rent in Hoffman Estates, IL
Last updated October 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,320 | 12% | 857 sq. ft. |
The average size for a Hoffman Estates, IL apartment is 857 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.
Hoffman Estates, IL Apartment Rent Ranges
- $701-$1,0005%
- $1,001-$1,50080%
- $1,501-$2,00015%
Hoffman Estates, IL Occupied Housing Units
- Renter-occupied Households22%
- Owner-occupied Households77%
3,962 or 22% of the households in Hoffman Estates, IL are renter-occupied while 13,930 or 77% are owner-occupied.
Hoffman Estates, IL Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Oct / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Hoffman Estates, IL | $1,213 | $1,208 | $1,133 | $1,236 | $1,266 | $1,181 | $1,181 | $1,216 | $1,313 | $1,320 |
| National | $1,342 | $1,350 | $1,346 | $1,378 | $1,380 | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
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How Does Hoffman Estates Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Chicago | $1,998 | 5% |
| Oak Park | $1,874 | n/a |
| Evanston | $2,034 | 8% |
| Riverdale | $784 | 1% |
| Riverdale Town | $784 | 1% |
| Skokie | $1,620 | 7% |
| Arlington Heights | $1,505 | 5% |
| Calumet City | $919 | 5% |
| Hoffman Estates | $1,320 | 12% |
For more information about the Hoffman Estates 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 Hoffman Estates apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.