Property prices for rent in Illinois region

The price per sq.feet in Illinois has fallen in the last 6 months. During November, the average price per sq.feet was $2.61. The following month the price fell to $2.32 per sq.feet. The following two months (January, February) went through a fall of 95 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has risen 106 %. This has been obtained by comparing the price $2.4 for the first four months of the sample with regard to the previous 4 months and the price $2.55 per sq.feet for the last two months (March, April).

When referring to the price in Illinois(region), there have hardly been any changes in the last 6 months. In the first month sample November the average price is $2,298. In December the price remains at $2,207. In the following two months the average price practically remained the same compared to the previous two going from $2,252.5 to $2,299. During the last two months the average price has not gone through any changes and has gone from $2,275.75 to $2,330 during March and April.

The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 2 % cheaper than the average price in Illinois followed by those with 2 with an average price of $2,450. The most expensive properties have 4 bedrooms. They are 32 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,703.

Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.66 / sq.feet being $2.59 / sq.feet the average for Illinois. The properties with the highest average price are those with 1 bedroom. These are 17 % more expensive than the average followed by those with 2 bedrooms with a price of $2.29 / sq.feet.

The graph displaying the average rent price according to the property type shows "Land" as the most affordable one. With an average cost of $2,309 it is 17 % cheaper than the average in Illinois. This is followed by "Condo" with a cost of $2,266. The most expensive property type is "Commercial" and is 43 % more costly than the average, followed by "Apartment" with a cost of $2,435.

Based upon the average cost per sq.feet the most affordable property type is "Apartment with a an average price of $1 / sq.feet, followed by "Land" with a price of $1.33 / sq.feet. "Condo" with an average price of $3.15 / sq.feet is the most expensive type of property followed by "House" at a price of $2.68 / sq.feet.