The average rent price in the Illinois region has had a slight fall in recent months. There has been a fall in the rent prices in this region.
The price per sq.feet in Illinois has fallen in the last 6 months. During May, the average price per sq.feet was $2.61. The following month the price fell to $2.39 per sq.feet. The price per sq.feet for the following two months barely changed going from $2.5 to $2.4 per sq.feet. In the last two months, the price per sq.feet has had a significant fall of 83 %. This has been obtained by comparing the price of $2.45 for the first four months of the sample with regard to the previous 4 months and the price of $2.03 per sq.feet for the last two months (September, October).
When referring to the price in Illinois (region), this has fallen in the last 6 months. In the first month sample May the average price is $1,964. In June the price remains at $1,964. In the following two months the average price practically remained the same compared to the previous two going from $1,964 to $1,929. During the last two months the price has had a considerable fall of 85 % with respect to the previous four months going from $1,946.5 a $1,647.5.
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 14 % cheaper than the average price in Illinois followed by those with 2 with an average price of $1,802. The most expensive properties have 4 bedrooms. They are 68 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,078.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.47 / sq.feet being $2 / sq.feet the average for Illinois. The properties with the highest average price are those with 1 bedroom. These are 2 % more expensive than the average followed by those with 2 bedrooms with a price of $1.78 / sq.feet.
The graph displaying the average rent price according to the property type shows "Farm" as the most affordable one. With an average cost of $1,616 it is 22 % cheaper than the average in Illinois. This is followed by "House" with a cost of $1,511. The most expensive property type is "" and is 143 % more costly than the average, followed by "Townhouse" with a cost of $2,237.
Based upon the average cost per sq.feet the most expensive property type is "House with a an average price of $2.02 / sq.feet, followed by "Condo" with a price of $2.06 / sq.feet. "Townhouse" with an average price of $43.17 / sq.feet is the most expensive type of property followed by "Farm" at a price of $19 / sq.feet.