North Chicago, IL Rental Market Trends
Highlights
The average rent for an apartment in North Chicago is $1,383, a 3% decrease compared to the previous year, when the average rent was $1,433.
Average Rent in North Chicago, IL
Last updated Jul 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,383 | -3% | 916 sq. ft. |
The average size for a North Chicago, IL apartment is 916 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.
North Chicago, IL Apartment Rent Ranges
- $1,001-$1,50073%
- $1,501-$2,00027%
North Chicago, 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| North Chicago, IL | $1,220 | $1,169 | $1,157 | $1,410 | $1,417 | $1,423 | $1,433 | $1,433 | $1,410 | $1,383 |
| National | $1,313 | $1,342 | $1,344 | $1,348 | $1,377 | $1,378 | $1,386 | $1,420 | $1,425 | $1,432 |
/
How Does North Chicago Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Round Lake | $1,162 | n/a |
| Waukegan | $983 | 6% |
| Waukegan City | $983 | 6% |
| Gurnee | $1,347 | 9% |
| Round Lake Town | $1,162 | n/a |
| Grayslake | $1,152 | 2% |
| Lake Villa | $1,122 | -1% |
| Lake Villa Town | $1,122 | -1% |
| Libertyville | $1,235 | 4% |
| Wauconda | $954 | n/a |
| North Chicago | $1,383 | -3% |
For more information about the North Chicago 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 North Chicago 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.