Rental market snapshot for Buffalo Grove, Illinois

Buffalo Grove, Illinois Rental Property Market Overview

Buffalo Grove, Illinois is a vibrant village located in Lake County, with a population of 42,794 as of 2021, according to the US Census. It is a great place to live, work, and play, with plenty of parks, trails, and recreational activities. The village is home to a variety of businesses, restaurants, and shopping centers, making it a great place to visit. Buffalo Grove is also known for its excellent schools, making it a great place to raise a family.

The average rent for an apartment in Buffalo Grove is $2,357. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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

  • The most expensive ZIP code in Buffalo Grove is 60089 with an average price of $2,383.
  • The cheapest ZIP code in Buffalo Grove is 60089 with an average price of $2,383.

Buffalo Grove ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
160089$2,383

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

Mike Rylko Community Park Fitness Center And Spray N Play is a great outdoor attraction for families and friends. It features a large fitness center with a variety of exercise equipment, a spray park with water jets and slides, and a playground with swings and slides. The park also has a picnic area, a walking path, and a basketball court. It is a great place to spend a day outdoors and get some exercise.

Emmerich Park is a large outdoor recreational area located in the suburbs of northern Illinois. It features a variety of amenities, including a large lake, a playground, a picnic area, and a walking path. The lake is stocked with fish and is a popular spot for fishing and boating. The playground is equipped with swings, slides, and other play structures. The picnic area has several tables and grills, and the walking path is lined with trees and benches. The park also has a pavilion, a sand volleyball court, and a basketball court.

Willow Stream Pool and Park is a popular outdoor destination located in the suburbs of Chicago. It features a large, Olympic-sized pool with a diving board, a kiddie pool, and a spray pad. The park also has a playground, a picnic area, and a walking path. There are also several sports courts, including basketball, tennis, and sand volleyball. The park is well-maintained and provides a great place for families to spend time together outdoors.

Kilmer School and Park is a popular destination in the northern suburbs of Illinois. It features a large playground, a basketball court, a baseball diamond, and a walking path. The park also has a picnic area, a gazebo, and a pond with a fountain. The school building is a historic landmark, built in the late 1800s. Inside, visitors can explore the classrooms, library, and auditorium. The school also hosts a variety of events throughout the year, including concerts, plays, and festivals.

Green Lake Park is a beautiful outdoor destination located in the suburbs of Illinois. It features a large lake surrounded by lush green trees and grass, providing a peaceful and tranquil atmosphere. The lake is a popular spot for fishing, boating, and swimming. There are also plenty of trails for walking, running, and biking, as well as picnic areas and playgrounds. The park also hosts a variety of events throughout the year, including concerts, festivals, and outdoor movie screenings.

Cooper Park is a sprawling park located in a suburban area. It features a variety of outdoor activities, including a playground, walking trails, a fishing pond, and a disc golf course. There are also several picnic areas, a gazebo, and a pavilion. The park is also home to a variety of wildlife, including birds, deer, and other small animals. During the summer months, the park hosts a variety of events, including concerts, festivals, and outdoor movies.

Alcott Center and Park is a recreational facility located in Buffalo Grove, Illinois. It features a variety of amenities, including a playground, basketball courts, tennis courts, a walking path, and a picnic area. The park also has a pond with a fishing pier, a sand volleyball court, and a gazebo. The center also offers a variety of programs and activities, such as summer camps, sports leagues, and special events.

Ivy Hall School And Park is a popular attraction in a suburban Chicago town. It features a large outdoor park with a playground, walking trails, and a pond. Inside the school, visitors can explore the classrooms, library, and auditorium. There is also a museum with exhibits about the history of the school and the town. The park is a great place to take a stroll, have a picnic, or just relax.

Willow Grove Park is a sprawling, picturesque park located in a suburban area. It features a variety of outdoor activities, including a large playground, two baseball diamonds, two soccer fields, two basketball courts, two sand volleyball courts, a walking path, and a fishing pond. The park also has picnic areas, a gazebo, and a concession stand. The park is well-maintained and offers a peaceful and tranquil atmosphere for visitors to enjoy.

Willow Stream Park is a sprawling outdoor recreational area located in the suburbs of Illinois. It features a variety of activities for visitors of all ages, including a large lake, walking trails, picnic areas, playgrounds, and a disc golf course. The park also has a variety of wildlife, including birds, deer, and other animals. Visitors can also enjoy fishing, canoeing, and kayaking on the lake. The park is a great place to spend a day outdoors, enjoying the natural beauty of the area.

Buffalo Grove, Illinois area median rent change by ZIP code map

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How does Buffalo Grove compare to other cities in Illinois?

citymedian price
Batavia$2,455
Chicago$2,200
Fox Lake$2,195
South Elgin$2,100
Glenwood$2,040
Antioch$1,900
Highwood$1,855
O'Fallon$1,369

Average household income in Buffalo Grove area graph - US Census

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The median household income in Buffalo Grove in 2021 was $121,212. This represents a 29.5% change from 2011 when the median was $93,567.

#categorypercent
0Less than $10,0004.4%
1$10,000 to $14,9991.7%
2$15,000 to $19,9991.1%
3$20,000 to $24,9992.8%
4$25,000 to $29,9991.5%
5$30,000 to $34,9992.6%
6$35,000 to $39,9992.1%
7$40,000 to $44,9992.2%
8$45,000 to $49,9991.6%
9$50,000 to $59,9994.0%
10$60,000 to $74,9996.6%
11$75,000 to $99,99911.3%
12$100,000 to $124,99911.6%
13$125,000 to $149,9999.7%
14$150,000 to $199,99914.7%
15$200,000 or more22.0%

Neighborhoods in Buffalo Grove

We currently do not have this data but we are working to add this soon.

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.

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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.

As of December , the average rent in Buffalo Grove is $2,357.
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