Buffalo Grove, Lake County, IL Rental Market Trends
The average rent for an apartment in Buffalo Grove is $1,576, a 3% increase compared to the previous year, when the average rent was $1,523.
Average Rent in Buffalo Grove, Lake County, IL
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,576||3%||913 sq. ft.|
The average size for a Buffalo Grove, Lake County, IL apartment is 913 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.
Buffalo Grove, Lake County, IL Apartment Rent Ranges
- > $2,0001%
Buffalo Grove, Lake County, IL Occupied Housing Units
- Renter-occupied Households26%
- Owner-occupied Households73%
4,088 or 26% of the households in Buffalo Grove, Lake County, IL are renter-occupied while 11,562 or 73% are owner-occupied.
Buffalo Grove, Lake County, IL Rent Trends
|May / 2016||Sept / 2016||Jan / 2017||May / 2017||Sept / 2017||Jan / 2018||May / 2018||Sept / 2018||Jan / 2019||Aug / 2019|
How Does Buffalo Grove Compare to Nearby Cities
|Average Rent||Y-o-Y Change|
|Round Lake Town||$1,186||2%|
|Lake Villa Town||$1,139||n/a|
For more information about the Buffalo Grove rental trends, check out our monthly rent report