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.
Preston Heights, IL Rental Market Trends
What is the average rent in Preston Heights?
The average rent for an apartment in Preston Heights is $1,018, a 6% increase compared to the previous year, when the average rent was $960.
Average Rent in Preston Heights, IL
Last updated June 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,018 | 6% | 826 sq. ft. |
What is the average apartment size in Preston Heights?
The average size for a Preston Heights, IL apartment is 826 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.
Preston Heights, IL Apartment Rent Ranges
- $701-$1,00024%
- $1,001-$1,50076%
Preston Heights, IL Occupied Housing Units
- Renter-occupied Households38%
- Owner-occupied Households61%
341 or 38% of the households in Preston Heights, IL are renter-occupied while 550 or 61% are owner-occupied.
Preston Heights, IL Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jun / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Preston Heights, IL | $926 | $926 | $857 | $976 | $987 | $995 | $960 | $990 | $936 | $1,018 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 |
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How Preston Heights Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Chicago | $1,908 | -4% |
| Oak Park | $1,859 | -4% |
| Evanston | $1,936 | n/a |
| Naperville | $1,589 | 6% |
| Aurora | $1,394 | 6% |
| Arlington Heights | $1,414 | -2% |
| Schaumburg | $1,405 | n/a |
| Forest Park | $985 | -4% |
| Joliet | $1,062 | 4% |
| Lisle | $1,376 | 2% |
| Preston Heights | $1,018 | 6% |
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 Preston Heights 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.