Rental market snapshot for Morgan Park, Chicago

Morgan Park rental market summary

The rental market in Morgan Park, Illinois is currently experiencing a healthy growth. In July 2023, there were 44 new listings, indicating that the market is expanding. The median rent in July 2023 was $1,525, which is the same as the median rent in June 2023. This suggests that the rental market is stable and not experiencing any significant changes in prices.

When comparing the median rent in July 2023 to the median rent in July 2022, there has been a 22.5% increase. This indicates that the rental market in Morgan Park is growing at a steady rate, with prices increasing steadily over the past year. This is good news for renters in the area, as it suggests that the rental market is healthy and growing.

Median rent for all residential properties in Morgan Park

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The most expensive listings and top trending buildings in Morgan Park

Most Expensive Listings

AddressRent PriceBed / Bath
2259 W 111th St$2,3002 / 1.0
11217 South Hermosa Avenue$1,7553 / 1.0
1402 West 110th Place$1,5253 / 1.0
11456 S Hale Ave$1,4002 / 1.0
10649-51 S Hale Ave$1,3952 / 1.0

Top Trending Buildings

We currently do not have this data but we are working to add this soon.

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Bedroom Breakdown in Morgan Park

1 Bedroom
$1,050
MEDIAN RENT
2 Bedroom
$1,400
MEDIAN RENT

Morgan Park neighborhood apartments rents

Uh-oh! Looks like we don't have any data in Morgan Park, Illinois, for studios.

The rental market for 1-bedroom apartments in Morgan Park, Illinois in July 2023 is relatively stable. There was only one new listing in July, and the median rent remained the same as it was in June at $1,050. 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 Morgan Park, Illinois is showing signs of growth. In June 2023, there were two new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in June 2023 was $1,400, a 3.7% increase from the median rent in May 2023 of $1,350. This suggests that the rental market for 2-bedroom apartments in Morgan Park is becoming more competitive, and renters should expect to pay more for these types of apartments in the near future.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Morgan Park is $1,525.
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