Rental market snapshot for Lake View, Chicago
Lake View rental market summary
The rental market in Lake View, Illinois is showing signs of growth. In July 2023, there were 2,670 new listings, a significant increase from the previous month. The median rent in July 2023 was $1,995, a 4.9% increase from the previous month and an 11.1% increase from the same time last year. This indicates that the rental market in Lake View is becoming increasingly competitive, with more people looking to rent in the area.
The increasing demand for rental properties in Lake View is likely due to the area's many amenities and attractions. Lake View is home to a variety of restaurants, shops, and entertainment venues, making it an attractive destination for renters. Additionally, the area's proximity to downtown Chicago makes it a desirable place to live for those looking for easy access to the city. With the increasing demand for rental properties in Lake View, it is likely that the median rent will continue to rise in the coming months.
Median rent for all residential properties in Lake View
Get the latest rental data first
The most expensive listings and top trending buildings in Lake View
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 3478 N Broadway St | $8,956 | 3 / 3.0 |
| 3478 N Broadway St | $8,896 | 3 / 2.0 |
| 3478 N Broadway St | $8,253 | 3 / 2.0 |
| 3477 N Broadway St | $7,810 | 3 / 2.0 |
| 415 W Surf St | $7,745 | 5 / 3.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| DLG Management | $2,800 |
| RMK Management | $2,757 |
| LPC RentCafe CRM | $2,352 |
| Zillow Rental Network | $2,348 |
| Luxury Living | $2,341 |
Get the latest rental data first
Bedroom Breakdown in Lake View
Lake View neighborhood apartments rents
The rental market for studios in Lake View, Illinois is relatively stable. In July 2023, 79 new studio listings were added to the market, but the median rent stayed the same at $1,295. This indicates that the rental market is not experiencing any significant changes in terms of pricing. This is good news for renters looking for a studio in the area, as they can expect to find a variety of options at a consistent price.
The rental market for 1-bedroom apartments in Lake View, Illinois is showing signs of growth. In July 2023, there were 132 new 1-bedroom listings, a 7.0% increase from the median rent in June 2023. The median rent for 1-bedroom apartments in July 2023 was $2,060, a significant increase from the median rent in June 2023 of $1,925. This indicates that the rental market for 1-bedroom apartments in Lake View is on the rise and is likely to continue to increase in the coming months.
The rental market for 2-bedroom apartments in Lake View, Illinois is showing signs of stability. In July 2023, there were 51 new 2-bedroom listings, and the median rent for 2-bedroom apartments was $2,730, only a 2.7% decrease from the median rent in June 2023. This suggests that the rental market is not experiencing any drastic changes, and that the prices of 2-bedroom apartments are staying relatively consistent.