Rental market snapshot for Jefferson Park, Chicago
Jefferson Park rental market summary
The rental market in Jefferson Park, Illinois is showing signs of growth. In July 2023, there were 38 new listings, a significant increase from the previous month. The median rent also increased from $1,950 in June 2023 to $2,100 in July 2023, representing a 7.7% increase. This is a significant jump from the median rent of $1,500 in July 2022, which is a 40.0% increase.
Overall, the rental market in Jefferson Park, Illinois is on the rise. With more listings and higher median rent prices, it is becoming an attractive option for renters. The increase in rent prices is a sign of a healthy market and suggests that the rental market in Jefferson Park is likely to continue to grow in the coming months.
Median rent for all residential properties in Jefferson Park
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The most expensive listings and top trending buildings in Jefferson Park
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
5513 N Luna Ave | $2,783 | 4 / 2.0 |
5539 W Farragut Ave | $2,350 | 3 / 2.0 |
5014 N Major Ave | $2,100 | 3 / 1.0 |
5621 N Austin Ave | $1,850 | 2 / 1.0 |
4804 Sixteen N Linder 5502 W | $1,695 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Dimensions Management Corp an Illinois Licensed Real Estate Broker | $1,250 |
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Bedroom Breakdown in Jefferson Park
Jefferson Park neighborhood apartments rents
The rental market for studios in Jefferson Park, Illinois remains relatively stable in May 2023, with only one new studio listing and no change in median rent from April 2023 to May 2023. This indicates that the rental market for studios in Jefferson Park is relatively steady and that there is not much fluctuation in the rental prices.
The rental market for 1-bedroom apartments in Jefferson Park, Illinois is relatively stable. In July 2023, there was only one new listing, and the median rent for 1-bedroom apartments increased by 1.0% from June 2023 to July 2023, from $1,238 to $1,250. This suggests that the rental market is not experiencing any significant changes in the near future.
The rental market for 2-bedroom apartments in Jefferson Park, Illinois is showing signs of growth. In July 2023, there was only one new 2-bedroom listing, but the median rent for 2-bedroom apartments increased by 23.8% from June 2023 to July 2023, from $2,225 to $1,695. This suggests that demand for 2-bedroom apartments is increasing, and that the rental market is becoming more competitive.