Rental market snapshot for Park Ridge, Illinois

Park Ridge, Illinois Rental Property Market Overview

Park Ridge, Illinois is a vibrant city located in Cook County, just 15 miles northwest of downtown Chicago. With a population of 38,810 according to the US Census in 2021, Park Ridge is a thriving community with a variety of amenities and attractions. The city is known for its excellent schools, parks, and recreational activities, as well as its diverse cultural and dining options. Park Ridge is also home to a number of historic sites, including the Pickwick Theatre, the Park Ridge Public Library, and the Park Ridge Historical Society. With its convenient location and many attractions, Park Ridge is an ideal place to live and work. (Source: US Census, 2021)

The average rent for an apartment in Park Ridge is $2,598. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Park Ridge Illinois | Cost of Living

  • The most expensive ZIP code in Park Ridge is 60068 with an average price of $2,680.
  • The cheapest ZIP code in Park Ridge is 60068 with an average price of $2,680.

Park Ridge ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
160068$2,680

Live near Park Ridge, Illinois's Top Sights and Attractions

The Maine East July 3rd Fireworks Show is an annual event that takes place in a suburban park. It features a spectacular display of fireworks that light up the night sky and can be seen from miles away. The show is accompanied by live music and entertainment, and food and drinks are available for purchase. The event draws large crowds of people from the surrounding area who come to enjoy the show and celebrate the Fourth of July.

Cumberland Park is a large outdoor recreational area located in the northern suburbs of Illinois. It features a variety of activities and amenities, including a playground, walking trails, a fishing pond, picnic areas, and a large open field. The park also has a variety of sports courts, including basketball, volleyball, and tennis. The park is also home to a large pavilion, which can be rented for special events.

Ed Red is a large, red, steel sculpture located in a public park in Park Ridge, Illinois. The sculpture stands at over 20 feet tall and is made up of several large steel beams that are welded together in a unique and creative way. The sculpture is meant to represent the strength and resilience of the community and is a popular spot for locals to take pictures and admire the artwork.

Centennial Park is a large outdoor recreational area located in a suburban setting. It features a variety of amenities, including a playground, a walking path, a fishing pond, a picnic area, and a large open field. The park also has a pavilion, which can be rented for special events, and a concession stand. The park is well-maintained and provides a peaceful and relaxing atmosphere for visitors.

Hinkley Park is a picturesque park located in a quiet residential area. It features a large pond with a fountain, a playground, a walking path, and plenty of open green space. The park also has a pavilion with picnic tables and grills, making it a great spot for family gatherings and outdoor events. The park is surrounded by tall trees, providing plenty of shade and a peaceful atmosphere.

Woodland Park is a beautiful outdoor area located in Park Ridge, Illinois. It features a large pond, walking trails, picnic areas, and a playground. The park is surrounded by lush trees and foliage, providing a peaceful and tranquil atmosphere. Visitors can enjoy a variety of activities such as fishing, bird watching, and nature photography. There is also a pavilion for special events and gatherings. Woodland Park is a great place to relax and enjoy the outdoors.

Northwest Park is a beautiful outdoor space located in the suburbs of Illinois. It features a large lake, a playground, a picnic area, and plenty of walking trails. The park also has a variety of wildlife, including ducks, geese, and other birds. The park is a great place to relax, take a walk, or have a picnic.

Northeast Park is a large park located in the northern part of the town. It features a variety of outdoor activities, including a playground, walking trails, a fishing pond, and a picnic area. The park also has a large open field perfect for sports and other activities. There are also several pavilions and shelters available for rent, making it a great spot for family gatherings and special events.

Maine Park is a large outdoor recreational area located in the northern suburbs of Chicago. It features a variety of activities for visitors of all ages, including a large playground, a fishing pond, a walking path, and a picnic area. The park also has a large open field for sports and other activities, as well as a pavilion for special events. The park is well-maintained and offers a peaceful and scenic atmosphere for visitors to enjoy.

Southwest Park is a large outdoor recreation area located in the suburbs of a major metropolitan area. It features a variety of activities and amenities, including a large lake, a playground, a picnic area, a walking path, and a variety of sports fields. The park also has a pavilion, a gazebo, and a concession stand. The lake is stocked with fish, and visitors can rent boats and canoes for a leisurely paddle. The park is a great place to spend a day outdoors, with plenty of activities to keep everyone entertained.

Park Ridge, Illinois area median rent change by ZIP code map

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How does Park Ridge compare to other cities in Illinois?

citymedian price
Montgomery$2,450
Matteson$2,307
Winfield$2,267
Glen Ellyn$2,250
Berwyn$2,165
Willowbrook$1,605
Champaign$1,150
Wood River$950

Average household income in Park Ridge area graph - US Census

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The median household income in Park Ridge in 2021 was $124,535. This represents a 43.8% change from 2011 when the median was $86,621.

#categorypercent
0Less than $10,0003.4%
1$10,000 to $14,9991.3%
2$15,000 to $19,9992.8%
3$20,000 to $24,9992.6%
4$25,000 to $29,9991.5%
5$30,000 to $34,9991.9%
6$35,000 to $39,9992.6%
7$40,000 to $44,9992.6%
8$45,000 to $49,9992.0%
9$50,000 to $59,9993.4%
10$60,000 to $74,9998.7%
11$75,000 to $99,99911.7%
12$100,000 to $124,9999.4%
13$125,000 to $149,9998.0%
14$150,000 to $199,99913.5%
15$200,000 or more24.5%

Neighborhoods in Park Ridge

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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.

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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 December , the average rent in Park Ridge is $2,598.
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