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.
Richton Park, IL Rental Market Trends
What is the average rent in Richton Park?
The average rent for an apartment in Richton Park is $1,148, a 8% increase compared to the previous year, when the average rent was $1,065.
Average Rent in Richton Park, IL
Last updated June 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,148 | 8% | 804 sq. ft. |
What is the average apartment size in Richton Park?
The average size for a Richton Park, IL apartment is 804 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.
Richton Park, IL Apartment Rent Ranges
- $701-$1,00038%
- $1,001-$1,50050%
- $1,501-$2,00013%
Richton Park, IL Occupied Housing Units
- Renter-occupied Households36%
- Owner-occupied Households63%
1,770 or 36% of the households in Richton Park, IL are renter-occupied while 3,067 or 63% are owner-occupied.
Richton Park, 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Richton Park, IL | $966 | $966 | $1,091 | $1,054 | $1,028 | $1,048 | $1,065 | $1,076 | $1,103 | $1,148 |
| 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 Richton Park 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% |
| Riverdale | $812 | 5% |
| Arlington Heights | $1,414 | -2% |
| Schaumburg | $1,405 | n/a |
| Forest Park | $985 | -4% |
| Valparaiso | $1,029 | 5% |
| Richton Park | $1,148 | 8% |
Most Popular Apartments in Richton Park
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 Richton Park 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.