Rental market snapshot for Albany Park, Chicago

Albany Park rental market summary

The rental market in Albany Park, Illinois is showing signs of stability. In July 2023, there were 249 new listings, indicating that the market is still active. The median rent in July 2023 was $1,500, the same as the median rent in June 2023. This suggests that the rental market is not experiencing any significant changes in prices. Compared to July 2022, the median rent has increased by 3.4%, indicating that the market is slowly becoming more expensive.

Overall, the rental market in Albany Park, Illinois is relatively stable. Prices have not seen any drastic changes in the past year, and the number of new listings is still high. This suggests that the market is healthy and that there are plenty of options for renters.

Median rent for all residential properties in Albany Park

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The most expensive listings and top trending buildings in Albany Park

Most Expensive Listings

AddressRent PriceBed / Bath
5070 N Kimberly Ave$5,0002 / 2.0
4816 N Kentucky Ave$3,8955 / 3.5
4966 N Kolmar Ave$3,2695 / 3.5
4730 N Kimball Ave$2,2952 / 2.0
4730 N Kimball Ave$2,1952 / 1.0

Top Trending Buildings

building nameavg rent price
REALTY & MORTGAGE CO$1,231

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Bedroom Breakdown in Albany Park

Studio
$1,045
MEDIAN RENT
1 Bedroom
$1,238
MEDIAN RENT
2 Bedroom
$2,175
MEDIAN RENT

Albany Park neighborhood apartments rents

The rental market for studios in Albany Park, Illinois appears to be relatively stable. In July 2023, there was only one new studio listing, indicating that the market is not experiencing a large influx of new properties. The median rent for studios in July 2023 was $1,045, which suggests that the rental market is not experiencing significant changes in pricing. Unfortunately, no data is available for the median rent in June 2023, so it is not possible to calculate the percent change in rent from June to July. Overall, the rental market for studios in Albany Park appears to be relatively stable.

The rental market for 1-bedroom apartments in Albany Park, Illinois is showing signs of growth. In July 2023, there were 4 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,238, a 28.5% increase from the median rent in May 2023 of $963. This suggests that the rental market in Albany Park is becoming more competitive, with landlords able to charge higher rents for their units.

The rental market for 2-bedroom apartments in Albany Park, Illinois is showing signs of growth. In July 2023, there were 9 new 2-bedroom listings, a 6.7% increase in median rent from June 2023 to July 2023, and a median rent of $2,175. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.

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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.

As of 2023-07-31, the median rent in Albany Park is $1,500.
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