Blue Island, Illinois Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Blue Island, Illinois rental market.
Blue Island, Illinois
Average Apartment Rent
$1,031
Y-o-Y Change in Average
Apartment Rent
-1.4%
As of November 2024
Compared to a year ago, Blue Island, Illinois apartments have recorded a -1.4% rent decrease.
Blue Island, Illinois Average apartment rent trend
Blue Island, Illinois Average Apartment Rent
Blue Island, Illinois Apartment rent ranges
At 50.35%, apartments priced $1,000 - $1,500 represent the bulk of Blue Island, Illinois rentals, while condos priced $700 - $1000 hold the lowest share of the market – 49.65%.
Blue Island, Illinois Housing tenure**
Renters take up 51% of Blue Island, Illinois real estate, occupying a total of 4,421 units, while homeowners live in 4,191 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$39,711
Average household size of renter-occupied housing units**
2.24
Rental vacancy rate**
1.7%
Blue Island, Illinois Renter-occupied housing units by no. of bedrooms**
There are 1,964 rentals in Blue Island, Illinois with 2 beds making up the highest share of the market, at 44%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 60 units. Overall, the median number of rooms in Blue Island, Illinois homes for rent is 4.
Blue Island, Illinois Renter-occupied units by age of householder**
Most condos for rent in Blue Island, Illinois are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Blue Island, Illinois Renter-occupied housing units by family type**
Blue Island, Illinois Renter-occupied housing units by the presence of own children**
A total of 2,324 apartments for rent in Blue Island, Illinois, or 53% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 1,302 units. All in all, the median size of a renter-occupied household in Blue Island, Illinois is 2.24.
Blue Island, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 11% of the rental market. In contrast, residents with less than a high school degree reside in 16% of the homes for rent in Blue Island, Illinois.
Blue Island, Illinois Renter-occupied units by year structure built**
The highest share of Blue Island, Illinois apartment rentals, namely 16% or 726 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (15%, 642 units), and the ones Built 1970 - 1979 (14%, 632 units).
Blue Island, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most Blue Island, Illinois renters (50%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Blue Island, Illinois condos for rent is 2014.
Blue Island, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Blue Island, Illinois renters have 1 vehicle available per household, 25% of them have 2 vehicles available, and 22% have No vehicle available.
Blue Island, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Blue Island, Illinois Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Blue Island, Illinois apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
