The rent prices in real estate in Morris, 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 Morris has had a strong fall during the last 6 months. In March, the average price per sq.feet was $1.19. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (May, June) had a considerable fall of 46 with regard to the previous two months. The price per sq.feet has had a considerable rise of 166 % 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 $0.8 to $1.32 during July, and August.
When referring to the price in Morris (cities), this has fallen considerably in the last 6 months. The average price for March is $1,328. During April the price had a considerable fall till $1,011. During the following two months (May, June) the average price fell 89 % 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 94 %, going from $1,106 to $1,039 in July and August.
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 $995 they are 16 % more affordable than the average price for Morris . The properties with the highest average price have 2 bedrooms, Their price is 15 % more expensive than the average. After that we have properties with 1 bedroom priced at $840.
According to average price per property type in Morris, "" priced at $1,145 is 15 % more expensive than the average price ($995) in this city.