Average Rent In Illinois For February 2020

By Chris Kolmar | HomeSnacks | Updated: 2020-02-23
$1,590
Average Rent
$1.264
Average $/sqft

What is the average rent in Illinois?

According to the most recent data from Zillow, the average rent in Illinois for February 2020 is $1,590. With an averge apartment size of 1,258 sqft, the average price per square foot in Illinois is $1.264.

Compared to the national average of $1,650, Illinois rent costs -3.6% less. Read our analysis of rents by state to see how Illinois ranks.

Here's a look at how average rents have changed over time:

Best Places To Live In Illinois

How Does Illinois Rent Compare To The Rest Of The Country?

StatisticILUSA% Difference
Average Rent $1,590$1,650 -3.6%
Average $/sqft $1.264$1.135 11.4%
M-o-M Change $-5$0 -inf%
Y-o-Y Change $25$5 400.0%
M-o-M % Change -0.3%0.0% -
Y-o-Y % Change 1.6%0.3% -

Median Rent By Bedrooms In Illinois

$1,399
Studio
$1,395
1-Bedroom
$1,525
2-Bedroom
$1,700
3-Bedroom
$2,000
4-Bedroom

As you would expect, the median price for rent in Illinois increases as the number of bedrooms in the unit increases. Studios rent the cheapest in Illinois clocking in at $1,399, while a four bedroom rental will set you back $2,000 per month.

We think the best deal comes in the form of a two bedroom for $1,525 per month, however, if you don't mind having roommates, the best option on a per room basis is a 4-bedroom rental for $500/room/month.

Read on to find out more or for more on Illinois check out:

Month Over Month Illinois Rent Statistics

$-5
M-o-M Increase
-0.3%
M-o-M Increase

Illinois has experienced a $-5 change in rent over the past month going from $1,595 to $1,590. That change comes out to -0.3%.

For reference, the US national average rent changed $0 in the past month or 0.0%.

Here's a look at the month over month change for each month since 2010 for Illinois:

Year Over Year Illinois Rent Statistics

$25
Y-o-Y Increase
1.6%
Y-o-Y Increase

Over the past year, the average rent in Illinois changed $25 from $1,565 to $1,590. A change of $25 means that rents changed 1.6% in a year.

That compares to the US national change of $5 in the past year or 0.3%.

Here's a look at the year over year change by month since 2011 for Illinois:

The 10 Places With The Highest Rent In Illinois

Lincolnshire, IL
Source: Public domain

Population: 7,328
Median Rent: $2,775
More on Lincolnshire: Real Estate | Data | Photos

Burr Ridge, IL

Population: 10,783
Median Rent: $2,209
More on Burr Ridge: Real Estate | Data | Photos

Flossmoor, IL

Population: 9,440
Median Rent: $2,180
More on Flossmoor: Real Estate | Data | Photos

Northbrook, IL

Population: 33,591
Median Rent: $2,178
More on Northbrook: Real Estate | Data | Photos

Campton Hills, IL

Population: 11,386
Median Rent: $2,089
More on Campton Hills: Real Estate | Data | Photos

Winnetka, IL

Population: 12,504
Median Rent: $2,066
More on Winnetka: Real Estate | Data | Photos

Population: 12,637
Median Rent: $1,959
More on Lincolnwood: Real Estate | Data

Lake Forest, IL

Population: 18,931
Median Rent: $1,942
More on Lake Forest: Real Estate | Data | Photos

Western Springs, IL

Population: 13,187
Median Rent: $1,908
More on Western Springs: Real Estate | Data | Photos

Plainfield, IL

Population: 41,978
Median Rent: $1,902
More on Plainfield: Real Estate | Data | Photos

Learn More About Living In Illinois

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn.

Average Rent By State

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