Rental market snapshot for Downers Grove, Illinois

Downers Grove, Illinois Rental Property Market Overview

The average rent for an apartment in Downers Grove is $2,295. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 16.7% over the past year.

Downers Grove is a village in DuPage County, Illinois, United States. It is a suburb of Chicago in the I-55 Corridor.

Last Updated December 23, 2022

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Average monthly rent graph in Downers Grove Illinois | Cost of Living

  • The most expensive ZIP Code in Downers Grove is 60515 with an average price of $2,035
  • The cheapest ZIP Code in Downers Grove is 60516 with an average price of $1,615

Downers Grove ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
160515$2,035
260516$1,725

Live near Downers Grove, Illinois's Top Sights and Attractions

Washington Center is a two-story shopping center located in Downers Grove, Illinois. The center is anchored by Carson Pirie Scott, JCPenney, and Macy's. There are over 100 stores and restaurants in the center.

The Morton Arboretum is a 1,700-acre living museum with more than 4,000 types of trees, shrubs, and other plants from around the world.

The Morton Arboretum is a 1,700-acre living museum with more than 4,000 types of trees, shrubs, and other plants from around the world.

The Morton Arboretum is a public garden and outdoor museum with more than 4,000 different species of trees, shrubs, and other plants. The arboretum covers 1,700 acres and is open every day of the year.

Ruth K Park is a beautiful park located in Downers Grove, Illinois. The park features a playground, a picnic area, and a walking path.

Hidden Lake Forest Preserve is a nature preserve with hiking trails, a lake, and a variety of plant and animal life.

The Downers Grove Park District Recreation Center is a state-of-the-art facility that offers a wide variety of recreational opportunities for all ages. The center features an indoor pool, gymnasium, fitness center, game room, and a variety of classrooms and meeting rooms. The recreation center also offers a variety of special events and programs throughout the year.

The Illinois Toll Roads are a system of 12 toll roads in Illinois, maintained by the Illinois State Toll Highway Authority. The system includes Interstate 88, Interstate 80, Interstate 55, Interstate 57, and Interstate 90, as well as the Chicago Skyway.

Downers Grove, Illinois area median rent change by ZIP Code map

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How does Downers Grove compare to other cities in Illinois ?

citymedian price
Wilmette$2,000
Oswego$1,995
Macomb$730
Lombard$2,095
Cicero$975
Bridgeview$1,950
Calumet City$1,695
Lincolnwood$2,450
Norridge$2,125

Average household income in Downers Grove area graph - US Census

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The median household income in Downers Grove in 2021 was $97,197. This represents a 21.0% change from 2011 when the median was $80,314.

#categorypercent
0Less than $10,0004.0%
1$10,000 to $14,9992.3%
2$15,000 to $19,9993.9%
3$20,000 to $24,9993.6%
4$25,000 to $29,9991.9%
5$30,000 to $34,9992.5%
6$35,000 to $39,9992.1%
7$40,000 to $44,9993.6%
8$45,000 to $49,9993.0%
9$50,000 to $59,9996.1%
10$60,000 to $74,9997.9%
11$75,000 to $99,99910.0%
12$100,000 to $124,99911.5%
13$125,000 to $149,9998.0%
14$150,000 to $199,99911.9%
15$200,000 or more17.7%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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