Park Ridge, IL Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Park Ridge is $2,629, a 0.75% increase compared to the previous year, when the average rent was $2,610.
One-bedroom apartments provide 735 square feet for $2,264, balancing privacy and affordability.
Two-beedroom units at $2,980 offer 1,083 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,458 sq ft) for $3,564, suitable for larger households.
Average rent in Park Ridge, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,629 | 915 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $2,264 | 735 sq. ft. |
| 2 Beds | $2,980 | 1,083 sq. ft. |
| 3 Beds | $3,564 | 1,458 sq. ft. |
Park Ridge, IL rent trends
Rental prices in Park Ridge, IL have increased by 0.75% over the past year. The average rent moved from $2,610 to $2,629.
What's the typical rent budget in Park Ridge, IL?
The largest share of rentals in Park Ridge, IL (32%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Park Ridge, IL?
2,236 or 15% of the households in Park Ridge, IL are renter-occupied while 12,943 or 85% are owner-occupied.
How Park Ridge Compares to Other Cities
| City | Average Rent |
|---|---|
| Park Ridge | $2,629 |
| Skokie | $2,041 |
| Naperville | $2,057 |
| Chicago | $2,461 |
| Aurora | $1,856 |
| Evanston | $2,577 |
| Oak Park | $2,176 |
| Rockford | $1,260 |
| Lombard, IL | $1,986 |
| Arlington Heights, IL | $1,968 |
| Schaumburg, IL | $1,926 |
| Wheeling, IL | $2,060 |
| Rolling Meadows, IL | $1,745 |
| Mount Prospect, IL | $1,886 |
| Palatine, IL | $1,822 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Park Ridge apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.