{"id":451,"date":"2019-06-03T11:00:16","date_gmt":"2019-06-03T11:00:16","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?post_type=studies&#038;p=10228"},"modified":"2019-06-03T11:01:35","modified_gmt":"2019-06-03T15:01:35","slug":"where-does-the-train-of-rising-rents-stop-in-chicago","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/research\/where-does-the-train-of-rising-rents-stop-in-chicago\/","title":{"rendered":"Where Does the Train of Rising Rents Stop in Chicago?"},"content":{"rendered":"<h2>Rents are Going up in the Windy City<\/h2>\n<p>The Chicago \u201cL\u201d is the fourth largest heavy rail rapid transit system in the U.S. As an essential part of most Chicagoans\u2019 lives, the L system serves <a href=\"https:\/\/www.transitchicago.com\/ridership\/\">on average 780,000 riders each weekday<\/a>. We at RentHop, therefore, believe that it is our duty to map out the rental data by the L train stop every year to assist in your apartment hunting endeavors.<\/p>\n<h5><strong>Our key findings this year include:<\/strong><\/h5>\n<p><\/p>\n<ul>\n<li>Overall, one-bedroom median rent in Chicago <strong>went up 3.7% from 2018 to 2019<\/strong>.<\/li>\n<li>Rents <strong>increased at 114 stops and fell\u00a0at 24 stops. 7 stops experienced no change in the past year.<\/strong><\/li>\n<li>The biggest saving is on the Orange line this year. Renters can save around $762 by moving one stop south, from Roosevelt ($2,132) to Halsted ($1,370).<\/li>\n<\/ul>\n<hr >\n<h5><strong>Our\u00a0Interactive T Map Displays All Stops With Respective Rents and YoY Fluctuations<\/strong><\/h5>\n<p>&nbsp;<br \/>\n<button onClick =\"embedPopupCTA()\" class=\"button button1\" style=\"display: block; margin: 0 auto;\">Get the code to embed this interactive map!<\/button><\/p>\n<div style=\"position: relative; overflow: hidden; max-width: 850px; width: 100%; margin-left: auto; margin-right: auto;\">\n<div style=\"padding-bottom: 67%; height: 0px; position: relative; width: 100%;\">\n<div style=\"position: absolute; height: 100%; width: 100%;\" align=\"center\"><iframe loading=\"lazy\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2019\/06\/2019-chi-L-median-rent-map.html\" width=\"100%\" height=\"100%\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><br \/>\n<\/iframe><\/div>\n<\/div>\n<\/div>\n<p><script>\nfunction embedPopupCTA() {\n    alert('<iframe loading=\"lazy\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2019\/06\/2019-chi-L-median-rent-map.htmll\" width=\"100%\" height=\"555px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe>');\n}\n<\/script><\/p>\n<p>To calculate the median rent for the map above, we used RentHop rental data for one-bedroom apartments from February to May 2018 and 2019, as well as CTA GIS\u00a0data from <a href=\"data.cityofchicago.org\">the City of Chicago<\/a>. To get accurate prices near the subway stops, we looked first at\u00a0<b>non-duplicated listings within 0.62 miles of a CTA stop<\/b>\u00a0and if there were\u00a0<b>50 unique data points<\/b>\u00a0we calculated the median. If not, the radius from the stop was increased\u00a0to 1.2 miles and the data was resampled to ensure enough\u00a0unique\u00a0listings were used when calculating the median. O&#8217;Hare on the Blue line is the only stop where we didn&#8217;t have enough listings this year.<br \/>\n&nbsp;<\/p>\n<h5><strong>Ride the Train to Savings<\/strong><\/h5>\n<p>Would you travel an extra stop to save a couple hundred dollars? <i>How about for $700?<\/i> The list below represents the largest price disparities between each stop. This could be because the stops on the edge of a neighborhood and rents dropped at one stop while prices soared at the other, or all of the above. It is also possible that the typical one-bedroom apartment near one stop is very different from an apartment just one stop away.<\/p>\n<p>After a lackluster year, the Chicago metro area finally regained its momentum in 2019. As demand continues to absorb the inventory, 114 stops experienced year-over-year rent growth this year &#8211; that&#8217;s more than 75% of the train stops! Downtown Chicago remains to be one of the most expensive neighborhoods in the metro area, with median rents above $2,000 at most stops.<br \/>\n&nbsp;<\/p>\n<h5><strong>These stops saw the biggest rent drops on one-bedroom apartments<\/strong><\/h5>\n<p><\/p>\n<ul>\n<li>Chicago &#8211; Blue Line: $2,000, YoY -7.1%<\/li>\n<li>Oakton-Skokie &#8211; Yellow Line: $1,032, YoY -5.4%<\/li>\n<li>Cottage Grove &#8211; Green Line: $830, YoY -5.1%<\/li>\n<li>95th\/Dan Ryan &#8211; Red Line: $938, YoY -3.8%<\/li>\n<li>Grand &#8211; Blue Line: $2,100, YoY -3.4%<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h5><strong>These stops saw some of the biggest rent hikes<\/strong><\/h5>\n<p><\/p>\n<ul>\n<li>Indiana &#8211; Green Line: $1,100, YoY 8.6%<\/li>\n<li>Pulaski &#8211; Pink\/Purple Line: $800, YoY 8.5%<\/li>\n<li>Loyola &#8211; Red Line: $1,295, YoY 8.3%<\/li>\n<li>43rd &#8211; Green Line: $1,215, YoY 7.8%<\/li>\n<li>Polk &#8211; Pink Line: $2,100, YoY 7.7%<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h5><strong>Turn your commute into extra cash at these stops<\/strong><\/h5>\n<p><\/p>\n<ul>\n<li><strong>Save $762 <\/strong>\u00a0between Roosevelt ($2,132) and\u00a0<strong>Halsted\u00a0($1,370)<\/strong> \u2013 Orange Line<\/li>\n<li><strong>Save $726 <\/strong>\u00a0between Cermak-McCormick Place ($1,921) and\u00a0<strong>35th-Bronzeville-IIT ($1,159)<\/strong> \u2013 Green Line<\/li>\n<li><strong>Save $725<\/strong> between Illinois Medical District ($2,100) and\u00a0<strong>Western\u00a0($1,375)<\/strong> \u2013 Blue Line<\/li>\n<li><strong>Save $725 <\/strong>\u00a0between Polk ($2,100) and\u00a0<strong>18th ($1,375)<\/strong> \u2013 Pink Line<\/li>\n<li><strong>Save $700 <\/strong> between Ashland ($2,075) and\u00a0<strong>California\u00a0($1,375)<\/strong> \u2013 Green Line<\/li>\n<li><strong>Save $700 <\/strong> between Cermak-Chinatown ($1,850) and\u00a0<strong>Sox-35th\u00a0($1,150)<\/strong> \u2013 Red Line<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h5><strong>Love Our Map? There is a Condensed Map for Easy Sharing<\/strong><\/h5>\n<p><figure id=\"attachment_6008\" aria-describedby=\"caption-attachment-6008\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2019\/06\/2019-chi-cta-rent-condensed-map-hi-res.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6008\" title=\"Chicago 2019 CTA Rent Map\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2019\/06\/2019-chi-cta-rent-condensed-map.png\" alt=\"\" width=\"800\" height=\"800\"\/><\/a><figcaption id=\"caption-attachment-6008\" class=\"wp-caption-text\"><strong>Click on the Map For High Resolution<\/strong><\/figcaption><\/figure><br \/>\n&nbsp;<br \/>\n<\/p>\n<h5><strong>What Does This Mean for You?<\/strong><\/h5>\n<p>Finding an apartment in Chicago is hard. Deciding where to live and starting your search is probably the most difficult step. By giving you as much information about the market as possible, RentHop hopes to point you in the right direction. This map is just one of the data-backed insights we offer. All of our <a href=\"https:\/\/www.renthop.com\/chicago-il\/apartments-for-rent\">Chicago apartment listings<\/a> are ranked using available data to ensure that renters always see the best quality apartments.<\/p>\n<style>\n.button1 {box-shadow: 0 0 0 0 rgba(0,0,0,0.2), 0 0 0 0 rgba(0,0,0,0.19);}\n.button {   background-color: #810303; border: none; color: #ffffff; padding: 5px 15px; text-align: center; text-decoration: none; display: inline-block; font-size: 14px; \n font-weight: bold; margin:4px 2px; cursor: pointer; -webkit-transition-duration: 0.4s; transition-duration: 0.4s;}\n<\/style>\n","protected":false},"excerpt":{"rendered":"<p>Rents are Going up in the Windy City The Chicago \u201cL\u201d is the fourth largest heavy rail rapid transit system in the U.S. As an essential part of most Chicagoans\u2019 lives, the L system serves on average 780,000 riders each weekday. We at RentHop, therefore, believe that it is our duty to map out the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":457,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"","footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-451","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-insights"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Where Does the Train of Rising Rents Stop in Chicago? - Real Estate Data &amp; Research<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.renthop.com\/research\/where-does-the-train-of-rising-rents-stop-in-chicago\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Where Does the Train of Rising Rents Stop in Chicago?\" \/>\n<meta property=\"og:description\" content=\"Rents are Going up in the Windy City The Chicago \u201cL\u201d is the fourth largest heavy rail rapid transit system in the U.S. As an essential part of most Chicagoans\u2019 lives, the L system serves on average 780,000 riders each weekday. We at RentHop, therefore, believe that it is our duty to map out the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.renthop.com\/research\/where-does-the-train-of-rising-rents-stop-in-chicago\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Estate Data &amp; Research\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/renthopapartments\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-03T11:00:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-03T15:01:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.renthop.com\/research\/wp-content\/uploads\/sites\/2\/2019\/06\/2019-chi-cta-rent-condensed-map-hi-res-1024x870.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"870\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shane Lee\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@renthop\" \/>\n<meta name=\"twitter:site\" content=\"@renthop\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shane Lee\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.renthop.com\/research\/where-does-the-train-of-rising-rents-stop-in-chicago\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.renthop.com\/research\/where-does-the-train-of-rising-rents-stop-in-chicago\/\"},\"author\":{\"name\":\"Shane Lee\",\"@id\":\"https:\/\/www.renthop.com\/research\/#\/schema\/person\/3e69a7be12d3d6e1af05a34a0aba1224\"},\"headline\":\"Where Does the Train of Rising Rents Stop in Chicago?\",\"datePublished\":\"2019-06-03T11:00:16+00:00\",\"dateModified\":\"2019-06-03T15:01:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.renthop.com\/research\/where-does-the-train-of-rising-rents-stop-in-chicago\/\"},\"wordCount\":648,\"publisher\":{\"@id\":\"https:\/\/www.renthop.com\/research\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.renthop.com\/research\/where-does-the-train-of-rising-rents-stop-in-chicago\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.renthop.com\/research\/wp-content\/uploads\/sites\/2\/2019\/06\/2019-chi-cta-rent-condensed-map-hi-res.jpg\",\"articleSection\":[\"Market Insights\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.renthop.com\/research\/where-does-the-train-of-rising-rents-stop-in-chicago\/\",\"url\":\"https:\/\/www.renthop.com\/research\/where-does-the-train-of-rising-rents-stop-in-chicago\/\",\"name\":\"Where Does the Train of Rising Rents Stop in Chicago? 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