Rental market snapshot for Grand Crossing, Chicago
Grand Crossing rental market summary
The rental market in Grand Crossing, Illinois is showing signs of growth. In July 2023, there were 263 new listings, a 2.8% increase from June 2023. This is a sign that the rental market in Grand Crossing is becoming more competitive and that more people are looking for rental properties in the area.
The median rent in Grand Crossing has also increased over the past year. In July 2023, the median rent was $1,234, a 2.0% increase from July 2022. This is a sign that the rental market in Grand Crossing is becoming more expensive, as demand for rental properties continues to increase.
Median rent for all residential properties in Grand Crossing
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The most expensive listings and top trending buildings in Grand Crossing
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 7822 S Drexel Ave | $2,800 | 7 / 2.0 |
| 7147 S University Ave | $1,900 | 3 / 2.5 |
| 8035-37 S Langley Ave | $1,900 | 3 / 1.0 |
| 6943 S Eberhart Ave | $1,800 | 3 / 1.0 |
| 7147 S Princeton Ave | $1,800 | 3 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Five T Management Inc. | $950 |
| Pangea Real Estate | $852 |
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Bedroom Breakdown in Grand Crossing
Grand Crossing neighborhood apartments rents
The rental market for studios in Grand Crossing, Illinois is relatively stable. In July 2023, there was only one new studio listing, and the median rent for studios stayed relatively consistent, decreasing by 4.5% from June 2023 to July 2023. This suggests that the rental market for studios in Grand Crossing is not experiencing any major fluctuations in prices or availability.
The rental market for 1-bedroom apartments in Grand Crossing, Illinois is showing signs of growth. In July 2023, there were 5 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $855, a 3.4% decrease from the median rent in June 2023 of $885. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Grand Crossing, Illinois appears to be on the rise.
The rental market for 2-bedroom apartments in Grand Crossing, Illinois is showing signs of stability. In July 2023, there were 6 new 2-bedroom listings, and the median rent for 2-bedroom apartments was $960, a 4.5% decrease from the median rent in June 2023. This suggests that the rental market is not experiencing any significant changes in pricing, and that the market is likely to remain stable in the near future.