The average rent price in the Illinois region has remained at pretty much the same value in recent months. Rent prices in this region have remained pretty much the same.
The price per sq.feet in Illinois has barely changed in the last 6 months. During February, the average price per sq.feet was $2.45. The following month (March) the price rose to $2.63 per sq.feet. The price per sq.feet for the following two months barely changed going from $2.54 to $2.54 per sq.feet. In the last two months, the price per sq.feet has fallen 94 %. This has been obtained by comparing the price $2.54 for the first four months of the sample with regard to the previous 4 months and the price $2.38 per sq.feet for the last two months (June, July).
When referring to the price in Illinois(region), there have hardly been any changes in the last 6 months. In the first month sample February the average price is $1,909. In March the price remains at $1,967. In the following two months the average price practically remained the same compared to the previous two going from $1,938 to $1,925. During the last two months the average price has not gone through any changes and has gone from $1,931.5 to $1,915 during June and July.
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 13 % cheaper than the average price in Illinois followed by those with 2 with an average price of $2,001. The most expensive properties have 4 bedrooms. They are 50 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,360.
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 $2.37 / sq.feet the average for Illinois. The properties with the highest average price are those with 1 bedroom. These are 1 % more expensive than the average followed by those with 2 bedrooms with a price of $2.05 / sq.feet.
The graph displaying the average rent price according to the property type shows "Villa" as the most affordable one. With an average cost of $1,866 it is 35 % cheaper than the average in Illinois. This is followed by "House" with a cost of $1,591. The most expensive property type is "Condo" and is 10 % more costly than the average, followed by "Townhouse" with a cost of $2,053.
Based upon the average cost per sq.feet the most affordable property type is "Commercial with a an average price of $1.06 / sq.feet, followed by "Land" with a price of $2.11 / sq.feet. "Villa" with an average price of $25.74 / sq.feet is the most expensive type of property followed by "Townhouse" at a price of $23.69 / sq.feet.