Rental market snapshot for Chicago Lawn, Chicago
Chicago Lawn rental market summary
The rental market in Chicago Lawn, Illinois is growing. In July of 2023, there were 133 new listings, a sign that the market is expanding. The median rent in July of 2023 was $1,185, a 3.0% increase from the previous month and a 4.4% increase from the same time last year. This suggests that the rental market in Chicago Lawn is becoming increasingly competitive, with more people looking to rent and landlords raising their prices.
Overall, the rental market in Chicago Lawn is looking positive. With more listings and rising rents, it is an attractive option for renters looking for a new home. The increasing demand for rental properties is likely to continue in the coming months, so renters should act quickly to secure a property before prices rise further.
Median rent for all residential properties in Chicago Lawn
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The most expensive listings and top trending buildings in Chicago Lawn
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 7312 S Oakley Ave | $1,900 | 4 / 2.0 |
| 6231 South Francisco Avenue | $1,795 | 3 / 2.0 |
| 3321 West 61st Place | $1,700 | 3 / 3.0 |
| 6417 S Maplewood Ave | $1,650 | 3 / 1.0 |
| 7145 S Washtenaw Ave | $1,650 | 3 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Zillow | $900 |
| Pangea Real Estate | $825 |
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Bedroom Breakdown in Chicago Lawn
Chicago Lawn neighborhood apartments rents
The rental market for studios in Chicago Lawn, Illinois is showing signs of growth. In July 2023, there were 4 new studio listings, representing an increase in the number of available rental units. The median rent for studios in July 2023 was $795, a 6.0% increase from the median rent in June 2023 of $750. This suggests that the rental market for studios in Chicago Lawn is becoming more competitive, with landlords able to increase their asking prices.
The rental market for 1-bedroom apartments in Chicago Lawn, Illinois is showing signs of improvement. In June 2023, there were 6 new 1-bedroom listings, which is a positive sign for the market. The median rent for 1-bedroom apartments in June 2023 was $842, which is a 5.3% decrease from the median rent in May 2023 of $890. This suggests that the rental market is becoming more affordable for tenants.
The rental market for 2-bedroom apartments in Chicago Lawn, Illinois is showing signs of growth. In July 2023, there were two new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in July 2023 was $1,020, which is 18.2% lower than the median rent in June 2023, suggesting that the market is becoming more affordable. This could be an attractive option for renters looking for a new home in the area.