Property prices for rent in Arlington Heights (Illinois)
The rent prices in real estate in Arlington Heights, in the Illinois region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Arlington Heights has had a strong fall during the last 6 months. In August, the average price per sq.feet was $9.88. In the following month the price per sq.feet fell considerably to $8. The price for the following two months in (October, November) had a considerable fall of 39 with regard to the previous two months. The price per sq.feet has had a considerable fall of 28 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $6.2 to $1.71 during December, and January.
When referring to the price in Arlington Heights (cities), there have hardly been any changes in the last 6 months. The rent price in August is $1,589, rising in September till $1,737. During the following two months (October, November) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,610.5 to $1,475 in December and January.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,479 they are 15 % more affordable than the average price for Arlington Heights . The properties with the highest average price have 4 bedrooms, Their price is 71 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,987.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.52 / sq.feet, with an average $1.72 / sq.feet price in Arlington Heights. The properties with the most expensive average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.65 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,479 it is 11 % more affordable than the average price in Arlington Heights. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,689 it is 76 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.69 / sq.feet followed by "House" priced at $6.63 / sq.feet. "Townhouse" is the most expensive type of property with a $72 / sq.feet value followed by "Apartment" with an average price of $23 / sq.feet.
