Rental market snapshot for Kenwood, Chicago
Kenwood rental market summary
The rental market in Kenwood, Illinois is showing signs of growth. In July 2023, there were 212 new listings, a significant increase from the previous month. The median rent also increased by 5.7% from June to July, indicating that demand for rental properties is on the rise. This is a marked improvement from the same time last year, when the median rent remained unchanged.
Overall, the rental market in Kenwood is looking positive. With more listings and an increase in median rent, it appears that the market is becoming more competitive and attractive to potential renters. This could be a great opportunity for landlords to capitalize on the current market conditions and increase their rental income.
Median rent for all residential properties in Kenwood
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The most expensive listings and top trending buildings in Kenwood
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1209 E Madison Park | $3,295 | 4 / 2.0 |
| 1209 E Madison Park | $3,295 | 4 / 3.0 |
| 4558 S Lake Park Ave | $3,000 | 3 / 3.0 |
| 5035 S East End Ave | $2,850 | 3 / 2.0 |
| 4715 S Drexel Blvd | $2,800 | 3 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Ansonia Property Management | $1,567 |
| Peak Realty | $1,225 |
| NOVO Properties | $1,195 |
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Bedroom Breakdown in Kenwood
Kenwood neighborhood apartments rents
The rental market for studios in Kenwood, Illinois is showing a slight decrease in rent from June to July 2023. In July 2023, there were 14 new studio listings, with a median rent of $1,310, which is a 1.1% decrease from the median rent of $1,325 in June 2023. This suggests that the rental market for studios in Kenwood is becoming more competitive, with more options available for renters.
The rental market for 1-bedroom apartments in Kenwood, Illinois is showing signs of growth. In July 2023, there were 36 new 1-bedroom listings, a 3.5% increase in median rent from June 2023 to July 2023, and a median rent of $1,605. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.
The rental market for 2-bedroom apartments in Kenwood, Illinois is showing signs of growth. In July 2023, there were 21 new 2-bedroom listings, a 13.4% increase in median rent from June 2023 to July 2023, and a median rent of $2,075. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.