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.
Oak Lawn, IL Rental Market Trends
What is the average rent in Oak Lawn?
The average rent for an apartment in Oak Lawn is $1,202, a 24% increase compared to the previous year, when the average rent was $966.
Average Rent in Oak Lawn, IL
Last updated July 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,202 | 24% | 704 sq. ft. |
What is the average apartment size in Oak Lawn?
The average size for a Oak Lawn, IL apartment is 704 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.
Oak Lawn, IL Apartment Rent Ranges
Oak Lawn, IL Occupied Housing Units
7,489 or 35% of the households in Oak Lawn, IL are renter-occupied while 13,759 or 64% are owner-occupied.
Oak Lawn, IL Rent Trends
| Average Rent | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 |
|---|---|---|---|---|
| Oak Lawn, IL | $966 | $1,170 | $1,182 | $1,202 |
| National | $1,394 | $1,397 | $1,404 | $1,482 |
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How Oak Lawn Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Chicago | $2,012 | 1% |
| Oak Park | $1,871 | -3% |
| Evanston | $2,012 | 5% |
| Naperville | $1,632 | 9% |
| Aurora | $1,438 | 9% |
| Riverdale | $832 | 6% |
| Arlington Heights | $1,564 | 11% |
| Schaumburg | $1,513 | 8% |
| Valparaiso | $1,066 | 9% |
| Forest Park | $1,022 | 8% |
| Oak Lawn | $1,202 | 24% |
Most Popular Apartments in Oak Lawn
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 Oak Lawn 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.