Downers Grove, IL has a population of 49,649, while the median age is 43. The household income in Downers Grove, IL is around $85,546. The homeownership rate among the residents is 75%. The median residential property value in Downers Grove, IL that you should keep in mind is $340,200.
Population | 49,649 |
Median Age | 43.1 |
Poverty Rate | 5% |
Household Income | $85,546 |
Number Of Employees | 25,356 |
Median Property Value | $340,200 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $1,890 | N/A |
2-bed apartments | $2,142 | +14.4% |
3-bed apartments | $4,230 | -30% |
4+ bed apartments | $5,984 | -52.5% |
Over the May 2023, the average rent for an apartment in/near Downers Grove, IL decreased by 35.4% to $4,007.
The average price for a rental studio in Downers Grove, IL has remained the same as last month and equals $1,890. Breaking it down in details, we now see that the average price for 1-bed apartment stands at $3,618 with no changes this month. Pricing for 2-bed apartment also increased by 14.4% and a place of this size will now cost you $2,142. 3-bed apartment rent pricing starts at $4,230, it decreased by 30% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 52.5% and made it down to $5,984.
Rent Type Price |
May | vs Last Month |
---|---|---|
Houses for rent | $4,703 | -35% |
Condos for rent | $1,575 | -52.6% |
Apartments for rent | $3,746 | +1.5% |
The median rent for an apartment in Downers Grove, IL increased by 1.5% to $3,746. Statistics show that house rent price decreased by 35% this month making it up to $4,703. Condos faced an upward trend these days. The median rent for a condo decreased by 52.6%, it’s now available for $1,575. Townhouse rent pricing didn’t change, the price still starts at $7,500.