Average Rent in Niles, IL

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Current Versus Historical Niles, IL Rents

Niles rentals average $1,525 for a 1-bedroom rental to $2,825 for a 3-bedroom rental. The median price of all currently available listings is $2,300, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have risen over the last year. Studio rentals prices have increased by $1,475 (5,840.59%) year-over-year from $25 to $1,500. 1-bedroom rentals prices have increased by $114 (8.06%) year-over-year from $1,411 to $1,525. 2-bedroom rentals prices have decreased by $358 (-18.30%) year-over-year from $1,958 to $1,600. 3-bedroom rentals prices have increased by $433 (17.93%) year-over-year from $2,417 to $2,850. 4-bedroom rentals prices have increased by $733 (27.50%) year-over-year from $2,667 to $3,400. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 26.44% this month. 3-bedroom rents have gone up by 15.15% this month. 4-bedroom rents have gone down by 8.93% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.15	$1,525	$1,411 (8.06%)	$1,134 (34.46%)
3 BR	$1.84	$2,850	$2,417 (17.93%)	$2,075 (37.35%)

Historical Rents in Niles, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Niles

There are a total of 1 cities nearby Niles. The average rent in Niles is currently $2,795 per month. Our records show that Evanston, IL, with an average rent of $2,795, is the most affordable city nearby. In contrast, the most expensive city near Niles, IL is Evanston, IL. Monthly rents here are on average $2,795 per month.

Let's compare Niles, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Niles, IL is inf% more affordable than other cities nearby. One bedrooms are about 47.54% more affordable. Two bedrooms in Niles, IL are about inf% more affordable. Finally, rent for three bedrooms are about 16.64% more affordable. Want more information? Check out the top 1 cities near Niles, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,853	$2,250	$2,748	$2,795

Top Neighborhoods Near Niles

There are a total of 2 neighborhoods in or near Niles. We've included all of these top 2 neighborhoods in or near Niles, IL in the following chart.

The average rent for these 2 neighborhoods in or near Niles, IL is currently around $2,010 per month. A total of 2 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Niles, West Rogers Park has the most affordable average rent at $1,995 per month. Whereas, at $2,025 average rent per month, Ravenswood is the most expensive neighborhood in or near Niles. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
West Rogers Park, Chicago, IL	N/A	$1,600	$1,923	$1,995
Ravenswood, Chicago, IL	$1,375	$1,675	$2,100	$2,025

Top Counties Near Niles

There are a total of 2 counties located by Niles, IL. Some of these counties include Maine, IL, Niles, IL, and Evanston, IL. The average rent for rentals in these counties is $2,500. That's roughly around $2 per sqft. The county that is the most affordable is Maine, IL. It's average rent per month is $2,400. Vice versa, with an average rent of $2,795, Evanston, IL is the most expensive county by Niles, IL.

In comparison, rent for one bedroom listings in Niles, IL is 3.28% more expensive than other counties nearby. Finally, rent for two bedrooms in Niles, IL is inf% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Maine, IL	N/A	$1,475	$2,300	$2,400
Niles, IL	N/A	$1,400	$2,300	$2,500
Evanston, IL	$1,853	$2,250	$2,748	$2,795

Top Zipcodes Near Niles

There are a total of 3 zipcodes in or near Niles, IL. The average rent for all of these zipcodes is $2,000. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60641, Chicago, IL at $1,995 per month. In comparison, the zipcode with the most expensive average rent of $2,000 per month is 60625, Chicago, IL.

Studios in these zipcodes have an average rent of $1,300. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Niles, IL is $1,450 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,850 per month. Which comes out to $2 per sqft. The following chart includes the top 3 zipcodes in Niles, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60625, Chicago, IL	$1,300	$1,450	$1,850	$2,000
60641, Chicago, IL	$1,100	$1,300	$1,600	$1,995
60618, Chicago, IL	$1,650	$1,695	$2,000	$2,000

Frequently Asked Questions - Niles Average Rents

What is the average rent price in Niles, IL?

The average monthly rental price for Niles, IL apartments for rent is approximately $2,300. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Niles, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Niles, IL.

How much is a studio apartment in Niles, IL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Niles.

How much is a one bedroom apartment in Niles, IL?

The average monthly rental price for one bedroom apartments is $1,525 and an average price per square feet of $2.15. There are a total of 2 one bedroom apartment listings currently available for rent in Niles.

How much is a two bedroom apartment in Niles, IL?

The average monthly rental price for two bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 1 two bedroom apartment listings currently available for rent in Niles.

How have rent prices in Niles, IL changed this year?

Rent prices for rentals in Niles, IL can fluctuate yearly. Specifically, studio rental prices have changed by 58.41%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by -0.18%, and three bedroom rental prices have changed by 0.18% year-over-year.

What is a reasonable rent price in Niles, IL?

A reasonable rent price in Niles, IL is around $1,840/month. You can search for these reasonably priced rental listings on RentHop.