McHenry, IL Rental Market Trends
Highlights
The average rent for an apartment in McHenry is $1,052, a 3% increase compared to the previous year, when the average rent was $1,021.
Average Rent in McHenry, IL
Last updated November 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,052 | 3% | 826 sq. ft. |
The average size for a McHenry, IL apartment is 826 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.
McHenry, IL Apartment Rent Ranges
- $701-$1,00046%
- $1,001-$1,50054%
McHenry, IL Occupied Housing Units
- Renter-occupied Households30%
- Owner-occupied Households69%
3,081 or 30% of the households in McHenry, IL are renter-occupied while 7,032 or 69% are owner-occupied.
McHenry, IL Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| McHenry, IL | $1,046 | $1,039 | $1,035 | $1,055 | $971 | $971 | $1,021 | $1,026 | $1,044 | $1,052 |
| National | $1,353 | $1,349 | $1,381 | $1,383 | $1,386 | $1,421 | $1,430 | $1,434 | $1,470 | $1,476 |
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How Does McHenry Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Algonquin | $1,498 | -4% |
| McHenry | $1,052 | 3% |
| Crystal Lake | $1,210 | n/a |
| Wonder Lake | $1,052 | 3% |
| Bull Valley | $1,023 | 2% |
| Cary | $910 | 2% |
| Harvard | $986 | 9% |
| Lakemoor | $1,315 | 8% |
For more information about the McHenry 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 McHenry 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.