Property prices for rent in Chicago (Illinois)

The rent prices in real estate in Chicago, in the Illinois region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$1,683.8
Average price last 6 months
$16.15
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Chicago has risen strongly during the last 6 months. In August, the average price per sq.feet was $2.21. In the following month the price per sq.feet fell to $2.04. The price for the following two months in (October, November) had a considerable fall of 49 with regard to the previous two months. The price per sq.feet has had a considerable rise of 2343 % 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 $1.59 to $37.19 during December, and January.

Average price

When referring to the price in Chicago (cities), this has fallen in the last 6 months. In our first sample month during August, the average price is $1,542. In September This price remains at $1,615. During the following two months (October, November) the average price had a considerable fall of 57 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 139 % during the last two months.

Average price per bedrooms

The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 0 % more affordable than the average price of $1,627 in Chicago. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.

With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % more affordable than the average price of ($25.98 / sq.feet) in Chicago. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % more affordable than the average value aforementioned.

Price per property type

With regard to the average price based upon the property in Chicago we can see that the most affordable property type is "Condo" at a price of $1,627, they are 0 % cheaper than the average price of (!PRECIO2!). "Condo" has the most affordable price. This price is 0 % more affordable than the average price aforementioned.

According to the average area price by sq.feet the most affordable property type is "Condo with an average cost of $25.98 / sq.feet. "Condo" with an average price of $25.98 / sq.feet has the most affordable price and would be directed at less affluent cities.

Charts data
Average price January
Average price per sq.feet January
Number of properties used in Chicago
Number of properties used in region Illinois
$1,627
$25.98
170,194
328,256
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value