The rent prices in real estate in Ottawa, 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.
The price per sq.feet in Ottawa has risen strongly during the last 6 months. In February, the average price per sq.feet was $0.95. In March this price barely changed remaining at $0.99 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $0.97 to $1 per sq.feet. The price per sq.feet has had a considerable rise of 1163 % 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 $0.99 to $11.46 during June, and July.
When referring to the price in Ottawa (cities), this has risen considerably in the last 6 months. In our first sample month during February, the average price is $1,096. In March This price remains at $1,125. During the following two months (April, May) the average price fell 86 % 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 1101 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $7,179 they are 90 % more affordable than the average price for Ottawa . The properties with the lowest average price have 1 bedroom, Their price is 89 % more affordable than the average. After that we have properties with 2 bedrooms priced at $743.
According to average price per property type in Ottawa, "" priced at $722 is 90 % lower than the average price ($7,179) in this city.