Median rent for residential apartments in Elmwood Park, IL as of Nov, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
12 Elmwood Park, IL 60707, USA apartments for rent
Elmwood Park
Elmwood Park, IL has a population of 24,831, while the median age is 40. The household income in Elmwood Park, IL is around $55,772. The homeownership rate among the residents is 67%. The median residential property value in Elmwood Park, IL that you should keep in mind is $235,600.
| Population | 24,831 |
| Median Age | 40.1 |
| Poverty Rate | 9% |
| Household Income | $55,772 |
| Number Of Employees | 12,260 |
| Median Property Value | $235,600 |
Housing Trends
How much is an apartment in Elmwood Park, IL 60707, USA
Average apartment rent in Elmwood Park: $1,464 (-16%)
| Rent Price | Nov | vs Last Month |
|---|---|---|
| Studio apartments | $900 | N/A |
| 1-bed apartments | $981 | -19.1% |
| 2-bed apartments | $1,458 | -37.2% |
| 3-bed apartments | $1,735 | -35.7% |
| 4+ bed apartments | $2,370 | N/A |
Over the Nov 2022, the average rent for an apartment in/near Elmwood Park, IL decreased by 16% to $1,464.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 19.1% to $981. Pricing for 2-bed apartment also decreased by 37.2% and a place of this size will now cost you $1,458. 3-bed apartment rent pricing starts at $1,735, it decreased by 35.7% lately. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $2,370 for a big-family home.
| Rent Type Price | Nov | vs Last Month |
|---|---|---|
| Condos for rent | $1,267 | -34.4% |
| Houses for rent | $1,776 | -34.2% |
| Apartments for rent | $1,656 | +34.3% |
| Townhouses for rent | $1,361 | N/A |
The median rent for an apartment in Elmwood Park, IL increased by 34.3% to $1,656. Statistics show that house rent price decreased by 34.2% this month making it up to $1,776. Condos faced an upward trend these days. The median rent for a condo decreased by 34.4%, it’s now available for $1,267. Townhouse rent pricing didn’t change, the price still starts at $1,361.