Property prices for rent in Elgin (Illinois)

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

$1,372.33
Average price last 6 months
$1.49
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Elgin has risen during the last 6 months. In November, the average price per sq.feet was $1.39. In December this price barely changed remaining at $1.36 per sq.feet. In the following two months the price per sq.feet has risen 109 %, going from $1.38 to $1.5 per sq.feet. The price per sq.feet has risen 110 % 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 $1.44 to $1.59 during March, and April.

Average price

When referring to the price in Elgin (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,414. In December This price remains at $1,358. In the following two months the average price has hardly changed with regard to the previous two months from $1,386 to $1,341. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,363.5 and $1,390 between March and April.

Average price per bedrooms

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 $1,375 they are 12 % more affordable than the average price for Elgin . The properties with the highest average price have 4 bedrooms, Their price is 129 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,688.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.57 / sq.feet price in Elgin. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.58 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,375 it is 26 % more affordable than the average price in Elgin. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "". At a price of $1,697 it is 44 % more expensive than the average price.

According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1 / sq.feet. "House" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Elgin
Number of properties used in region Illinois
$1,375
$1.57
868
445,122
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value