Rental market snapshot for East Garfield Park, Chicago
East Garfield Park rental market summary
The rental market in East Garfield Park, Illinois is showing signs of growth. In July 2023, there were 101 new listings, which is a 5.9% increase from July 2022. The median rent in July 2023 was $1,600, a 3.0% decrease from June 2023 and a 5.9% decrease from July 2022. This suggests that the rental market in East Garfield Park is becoming more affordable, which could be attractive to potential renters.
Overall, the rental market in East Garfield Park is showing signs of growth and stability. The number of new listings is increasing, and the median rent is decreasing, making it more affordable for renters. This could be a great opportunity for those looking for a new home in East Garfield Park.
Median rent for all residential properties in East Garfield Park
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The most expensive listings and top trending buildings in East Garfield Park
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
3231 W Washington Blvd | $3,500 | 5 / 1.5 |
2715 W Lexington St | $2,850 | 7 / 2.0 |
2707 W Washington Blvd | $2,700 | 3 / 2.0 |
3316 W Warren Blvd | $2,600 | 5 / 2.5 |
2718 West Washington Boulevard | $2,445 | 3 / 2.5 |
Top Trending Buildings
building name | avg rent price |
---|---|
Pangea Real Estate | $1,080 |
Zillow | $1,050 |
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Bedroom Breakdown in East Garfield Park
East Garfield Park neighborhood apartments rents
The rental market for studios in East Garfield Park, Illinois appears to be relatively stable, with only three new listings in December 2022. The median rent for studios in December 2022 is $765, though the median rent for November 2022 is not available. Therefore, it is not possible to determine the percent change in rent from November 2022 to December 2022. Overall, the rental market for studios in East Garfield Park appears to be relatively stable.
The rental market for 1-bedroom apartments in East Garfield Park, Illinois is expected to be strong in July 2022, with two new listings entering the market. The median rent for 1-bedroom apartments is expected to increase by 18.3% from June 2022 to July 2022, from $900 to $1,065. This indicates that demand for 1-bedroom apartments in East Garfield Park is high and that the rental market is likely to remain strong in the coming months.
The rental market for 2-bedroom apartments in East Garfield Park, Illinois is relatively stable, with only one new listing in July 2023. The median rent for 2-bedroom apartments in July 2023 is $1,030, which is a 23.7% decrease from the median rent in June 2023 of $1,350. This suggests that the rental market in East Garfield Park is not experiencing significant fluctuations in rent prices.