Richton Park, IL Rental Market Trends
Highlights
The average rent for an apartment in Richton Park is $1,028, a 6% increase compared to the previous year, when the average rent was $966.
Average Rent in Richton Park, IL
Last updated October 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,028 | 6% | 804 sq. ft. |
The average size for a Richton Park, IL apartment is 804 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.
Richton Park, IL Apartment Rent Ranges
- $701-$1,00055%
- $1,001-$1,50045%
Richton Park, IL Occupied Housing Units
- Renter-occupied Households38%
- Owner-occupied Households61%
1,926 or 38% of the households in Richton Park, IL are renter-occupied while 3,111 or 61% are owner-occupied.
Richton Park, IL Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Oct / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Richton Park, IL | $972 | $960 | $951 | $967 | $953 | $966 | $966 | $1,091 | $1,054 | $1,028 |
| National | $1,342 | $1,350 | $1,346 | $1,378 | $1,380 | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
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How Does Richton Park Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Chicago | $1,998 | 5% |
| Oak Park | $1,874 | n/a |
| Evanston | $2,034 | 8% |
| Skokie | $1,620 | 7% |
| Arlington Heights | $1,505 | 5% |
| Calumet City | $919 | 5% |
| Riverdale | $784 | 1% |
| Riverdale Town | $784 | 1% |
| Richton Park | $1,028 | 6% |
For more information about the Richton Park 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 Richton Park apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.