Rental market snapshot for Lincoln Square, Chicago
Lincoln Square rental market summary
The rental market in Lincoln Square, Illinois is showing signs of growth. In July 2023, there were 778 new listings, a significant increase from the previous month. This indicates that the rental market is becoming more active. The median rent in July 2023 was $1,996, a 1.2% increase from the previous month and a 28.8% increase from July 2022. This suggests that rental prices in Lincoln Square are on the rise, likely due to increased demand for rental properties.
Overall, the rental market in Lincoln Square is showing signs of growth. The number of new listings is increasing, and the median rent is rising. This indicates that the rental market in Lincoln Square is becoming more active and that rental prices are increasing. This could be due to increased demand for rental properties in the area.
Median rent for all residential properties in Lincoln Square
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The most expensive listings and top trending buildings in Lincoln Square
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 4920 N Lincoln Ave | $7,950 | 3 / 2.0 |
| 4920 N Lincoln Ave | $6,150 | 3 / 2.0 |
| 4733 N Wolcott Ave | $6,120 | 4 / 4.0 |
| 4920 N Lincoln Ave | $5,675 | 3 / 2.0 |
| 4540 N Ravenswood Ave | $4,400 | 3 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Icm Properties Inc. | $1,507 |
| Horizon Realty Group | $1,426 |
| Cagan Management Group Inc | $1,403 |
| Rany Management | $1,400 |
| Wesley Realty Group | $1,300 |
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Bedroom Breakdown in Lincoln Square
Lincoln Square neighborhood apartments rents
The rental market for studios in Lincoln Square, Illinois is showing signs of growth. In July 2023, there were 12 new studio listings, indicating an increase in demand for rental units. The median rent for studios in July 2023 was $1,322, which is 7.3% lower than 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 studios in Lincoln Square appears to be on the rise.
The rental market for 1-bedroom apartments in Lincoln Square, Illinois, in July 2023 is relatively stable. There were 16 new listings in July, and the median rent remained the same as it was in June at $1,395. This indicates that the rental market is not experiencing any significant changes in terms of pricing or availability.
The rental market for 2-bedroom apartments in Lincoln Square, Illinois is showing signs of growth. In July 2023, there were 8 new 2-bedroom listings, a 12.2% increase in median rent from June 2023 to July 2023, and a median rent of $2,238. This indicates that the rental market for 2-bedroom apartments in Lincoln Square is becoming increasingly competitive, with more people looking to rent and landlords raising their prices.