Rental market snapshot for Avondale, Chicago
Avondale rental market summary
The rental market in Avondale, Illinois is showing signs of growth. In July 2023, there were 272 new listings, a significant increase from the previous month. The median rent in July 2023 was $1,800, a 5.0% increase from June 2023 and a 7.5% increase from July 2022. This suggests that the rental market in Avondale is becoming more competitive and that rents are increasing.
The increasing number of new listings and rising median rent indicate that the rental market in Avondale is becoming more attractive to potential tenants. This could be due to the area's close proximity to Chicago, as well as its growing economy and diverse population. With more people looking to rent in Avondale, landlords are likely to benefit from higher demand and increased rental prices.
Median rent for all residential properties in Avondale
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The most expensive listings and top trending buildings in Avondale
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 3434 N Elston Ave | $3,500 | 3 / 2.0 |
| 3326 N Sacramento Ave | $3,450 | 4 / 2.0 |
| 3840 W Diversey Ave | $3,250 | 4 / 2.0 |
| 2901 N Milwaukee Ave | $3,099 | 3 / 2.0 |
| 2852 N Lawndale Ave | $3,000 | 3 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Cagan Management Group Inc | $1,595 |
| Peak Realty | $1,325 |
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Bedroom Breakdown in Avondale
Avondale neighborhood apartments rents
The rental market for studios in Avondale, Illinois is 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 $1,575, which is a 4.5% decrease from the median rent in June 2023 of $1,650. This suggests that the rental market for studios in Avondale is not experiencing significant fluctuations in pricing.
The rental market for 1-bedroom apartments in Avondale, Illinois is showing signs of growth. In July 2023, there were two new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,460, a 6.2% increase from the median rent in June 2023 of $1,375. This suggests that the rental market is becoming more competitive, and renters should expect to pay more for 1-bedroom apartments in the area.
The rental market for 2-bedroom apartments in Avondale, Illinois is showing signs of growth in July 2023. There were 7 new listings in the month, and the median rent decreased by 31.0% from June 2023 to July 2023, from $2,537 to $1,750. This suggests that the rental market is becoming more competitive, with more options available for renters.