Rental market snapshot for Irving Park, Chicago
Irving Park rental market summary
The rental market in Irving Park, Illinois is showing signs of growth. In July of 2023, there were 322 new listings, a significant increase from the previous month. The median rent in July of 2023 was $1,725, a 15% increase from the previous month and a 19% increase from the same time last year. This indicates that the rental market in Irving Park is becoming increasingly competitive, with more people looking to rent in the area.
The increasing demand for rental properties in Irving Park is likely due to its close proximity to downtown Chicago and its many amenities. With its vibrant culture, diverse population, and abundance of job opportunities, Irving Park is an attractive option for renters looking for a place to call home. With the increasing demand for rental properties, it is likely that the median rent in Irving Park will continue to rise in the coming months.
Median rent for all residential properties in Irving Park
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The most expensive listings and top trending buildings in Irving Park
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 4300 W Montrose Ave | $5,000 | 5 / 2.0 |
| 3639 N Troy St | $3,299 | 3 / 2.5 |
| 3640 N California Ave | $3,200 | 3 / 2.0 |
| 3905 N Francisco Ave | $3,200 | 4 / 2.0 |
| 3639 N Troy St | $3,190 | 3 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Cagan Management Group Inc | $1,495 |
| Wirtz Realty Corporation | $1,181 |
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Bedroom Breakdown in Irving Park
Irving Park neighborhood apartments rents
The rental market for studios in Irving Park, Illinois appears to be relatively stable, with only two new listings in May 2023 and a median rent of $1,100. Unfortunately, no data is available for the median rent in March 2023, so it is not possible to determine the percent change in rent from March to May. Overall, it appears that the rental market for studios in Irving Park is relatively stable and consistent.
The rental market for 1-bedroom apartments in Irving Park, Illinois is showing signs of growth. In July 2023, there were 3 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,181, a 7.2% decrease from the median rent in June 2023. 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 Irving Park, Illinois is looking positive.
The rental market for 2-bedroom apartments in Irving Park, Illinois is showing signs of growth. In July 2023, there were 5 new 2-bedroom listings, a 22.6% increase in median rent from June 2023 to July 2023, and a median rent of $1,900. This indicates that the rental market for 2-bedroom apartments in Irving Park is becoming more competitive and that demand is increasing.