Rental prices in Elk Grove Village, IL have decreased by 1.67% over the past year. The average rent moved from $1,669 to $1,641.
Compared to the national average rent of $1,741, the average rent in Elk Grove Village, IL is $1,641.
The average monthly rent of apartments in Elk Grove Village, IL is $1,641.
About 5% of apartment rents in Elk Grove Village, IL range between $2,001-$2,500. Around 73% of Elk Grove Village’s apartments are in the $1,501-$2,000 price range. 22% of apartments are priced between $1,001-$1,500.
The largest share of rentals in Elk Grove Village, IL (73%) 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 26% of the housing is rented out compared to 74% of homes are owned, according to the most recent Census Bureau estimates. 18% of Elk Grove Village's apartments are found in large buildings of 50 units or more, 67% are located in smaller apartment complexes with less than 50 units, and 15% 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.
Rental apartments in Elk Grove Village come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 65% of the total apartments in the city, while 2-bedroom floorplans represent around 32% of all rentals in Elk Grove Village. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing 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.
Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.
Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!
