Rental market snapshot for Hermosa, Chicago
Hermosa rental market summary
The rental market in Hermosa, Illinois is showing signs of growth. In July 2023, there were 67 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $1,435, a 4.0% increase from the previous month and a 14.8% increase from the same time last year. This indicates that the rental market in Hermosa is becoming increasingly competitive, with more people looking to rent in the area.
The increase in median rent is also a sign of the growing demand for rental properties in Hermosa. With more people looking to rent in the area, landlords are able to charge higher prices for their properties. This is likely to continue as the rental market in Hermosa continues to grow, making it an attractive option for those looking for a place to live.
Median rent for all residential properties in Hermosa
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The most expensive listings and top trending buildings in Hermosa
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1923 N Pulaski Rd | $2,800 | 3 / 1.0 |
| 2537 N Kildare Ave | $2,095 | 3 / 1.0 |
| 3900 W Cortland St | $1,700 | 1 / 1.0 |
| 4502 W Fullerton Ave | $1,600 | 3 / 1.0 |
| 1943 N Kedvale Ave | $1,550 | 2 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Zillow | $1,155 |
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Bedroom Breakdown in Hermosa
Hermosa neighborhood apartments rents
The rental market for studios in Hermosa, Illinois appears to be relatively stable, with only one new listing in May 2022. The median rent for studios in May 2022 is $995, though the median rent for April 2022 is not available. Therefore, it is not possible to determine the percent change in rent from April 2022 to May 2022. Overall, the rental market for studios in Hermosa, Illinois appears to be relatively stable.
The rental market for 1-bedroom apartments in Hermosa, Illinois in May 2023 is relatively stable, with only one new listing and no change in median rent from April 2023. The median rent for a 1-bedroom apartment in May 2023 is $1,155. This indicates that the rental market in Hermosa is relatively steady, with no significant changes in the number of listings or rent prices.
The rental market for 2-bedroom apartments in Hermosa, Illinois is showing signs of stability. In July 2023, there were 3 new 2-bedroom listings, and the median rent for 2-bedroom apartments decreased by 4.1% from June 2023 to July 2023, from $1,350 to $1,295. This suggests that the rental market is not experiencing any drastic changes, and that the rental prices are staying relatively consistent.