Rental prices in Elk Grove Village, IL have increased by 0.78% over the past year. The average rent moved from $1,681 to $1,694.
Compared to the national average rent of $1,740, the average rent in Elk Grove Village, IL is $1,694.
The average monthly rent of apartments in Elk Grove Village, IL is $1,694.
About 17% of apartment rents in Elk Grove Village, IL range between $2,001-$2,500. Around 54% of Elk Grove Village’s apartments are in the $1,501-$2,000 price range. 29% of apartments are priced between $1,001-$1,500.
The largest share of rentals in Elk Grove Village, IL (54%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
The average rent in Elk Grove Village, IL is $1,626.
In Elk Grove Village, 25% of the residents are renting compared to 75% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 20% of Elk Grove Village's rentals, 66% are small-scale complexes with under 50 units, and 14% are single-family rentals.
The average age of rental buildings in Elk Grove Village is 45 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 2 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
Studio apartments in Elk Grove Village are around 0% of rentals, while 1-bedroom floor plans represent 65% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 32% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Just 23 miles northwest of Chicago is the small town of Elk Grove Village, IL. This family-friendly place - which is perfect for renters who work in downtown Chicago - has just about everything someone would want in a lovely community. Specifically, there are amazing parks, great schools and it's right by O'Hare International Airport, making travel a breeze. This part of Illinois is considered "the Golden Corridor" of the Chicago Metropolitan area. With many major businesses located here, it's an important part of the whole state's economy. For recreation, renters enjoy the Village Green, which is a massive park with open green spaces, an amphitheater and a playground. It's also within walking distance of shops and restaurants, making it a great place for locals who rent and visitors alike to go to while in Elk Grove Village.
The overall village has an urban/suburban mix of amenities all around the area. Renters here make up at least one-quarter of the population. Most of the rental apartments are brick buildings with three and four stories. Some of the amenities that renters can look forward to are outdoor firepits; pools open in the summer; clubhouses available for rent; and fitness centers, which are open 24 hours a day. In particular, these rental apartments cater to young professionals in studios and one bedrooms, as well as families that need larger spaces with three or four bedrooms in rental townhomes.
There are plenty of nice shopping places all around rental apartments in Elk Grove Village. That includes the Woodfield Mall, which is the largest shopping mall in Illinois. It has more than 200 stores, as well as five anchor stores, like JCPenney and Macy's. There's also an outlet mall near rental apartments called the Fashion Outlets of Chicago, which has many discounted designer goods and housewares. Other plazas around town that renters use include Elk Crossing Shopping Center; Elk Grove Town Center; and the Park and Shop Shopping Center, which has a unique sushi restaurant and Japanese grocery store.
Renters use two different public transportation options to go from Chicago to Elk Grove Village, both of which are run by the Chicago Transit Authority. One is the "L" Train with a stop directly in Elk Grove Village near rental apartments. There are also a few different buses that go into downtown Chicago and other popular areas. Similarly, buses with fixed routes go all around Elk Grove Village to popular businesses, shopping plazas and industrial parks so that renters can get to work without having a car (although most people who rent do own cars in this area). Finally, air travel for renters in Elk Grove Village is easy with O'Hare International Airport being adjacent to this small town.
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