Burnham, 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 Burnham, Illinois rental market.
Burnham, Illinois
Average Apartment Rent
$2,521
Y-o-Y Change in Average
Apartment Rent
4.6%
As of May 2026
Compared to a year ago, Burnham, Illinois apartments have recorded a 4.6% rent increase.
Burnham, Illinois Average apartment rent trend
Burnham, Illinois Average Apartment Rent
Burnham, Illinois Apartment rent ranges
At 26.32%, apartments priced Over $3,000 represent the bulk of Burnham, Illinois rentals, while condos priced Under $1,000 hold the lowest share of the market – 1.84%.
Burnham, Illinois Housing tenure**
Renters take up 35% of Burnham, Illinois real estate, occupying a total of 529 units, while homeowners live in 993 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$32,267
Average household size of renter-occupied housing units**
2.07
Rental vacancy rate**
4%
Burnham, Illinois Renter-occupied housing units by no. of bedrooms**
There are 200 rentals in Burnham, Illinois with 2 beds making up the highest share of the market, at 38%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 11 units. Overall, the median number of rooms in Burnham, Illinois homes for rent is 4.5.
Burnham, Illinois Renter-occupied units by age of householder**
Most condos for rent in Burnham, Illinois are occupied by residents in the 45 - 54 years age group (43%), followed by those in the 25 - 34 years age group (16%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Burnham, Illinois Renter-occupied housing units by family type**
Burnham, Illinois Renter-occupied housing units by the presence of own children**
A total of 278 apartments for rent in Burnham, Illinois, or 53% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 190 units. All in all, the median size of a renter-occupied household in Burnham, Illinois is 2.07.
Burnham, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 10% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Burnham, Illinois.
Burnham, Illinois Renter-occupied units by year structure built**
The highest share of Burnham, Illinois apartment rentals, namely 25% or 130 units, were Built 1940 - 1949, followed by those Built 1970 - 1979 (22%, 117 units), and the ones Built 1980 - 1989 (22%, 115 units).
Burnham, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most Burnham, Illinois renters (66%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Burnham, Illinois condos for rent is 2014.
Burnham, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 74% of Burnham, Illinois renters have 1 vehicle available per household, 12% of them have No vehicle available, and 10% have 2 vehicles available.
Burnham, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Burnham, 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 Burnham, 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
