The rent prices in real estate in Morris, in the Illinois region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Morris has fallen during the last 6 months. In October, the average price per sq.feet was $1.27. In the following month the price per sq.feet rose considerably to $1.53. The price for the following two months in (December, January) had a considerable fall of 50 with regard to the previous two months. The price per sq.feet has had a considerable rise of 119 % 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 $1.05 to $1.25 during February, and March.
When referring to the price in Morris (cities), this has risen in the last 6 months. The average price for October is $1,013. During November the price had a considerable fall till $849. During the following two months (December, January) the average price had a considerable rise of 126 % 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 118 % during the last two months.
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 $1,328 they are 36 % more affordable than the average price for Morris . The properties with the lowest average price have 2 bedrooms, Their price is 13 % more affordable than the average. After that we have properties with 1 bedroom priced at $845.
According to average price per property type in Morris, "" priced at $1,155 is 13 % lower than the average price ($1,328) in this city.