Chicago Heights City, 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 Chicago Heights City, Illinois rental market.
Chicago Heights City, Illinois
Average Apartment Rent
$932
Y-o-Y Change in Average
Apartment Rent
-5.2%
As of November 2024
Compared to a year ago, Chicago Heights City, Illinois apartments have recorded a -5.2% rent decrease.
Chicago Heights City, Illinois Average apartment rent trend
Chicago Heights City, Illinois Average Apartment Rent
Chicago Heights City, Illinois Apartment rent ranges
At 92.06%, apartments priced $700 - $1000 represent the bulk of Chicago Heights City, Illinois rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 7.94%.
Chicago Heights City, Illinois Housing tenure**
Renters take up 37% of Chicago Heights City, Illinois real estate, occupying a total of 3,408 units, while homeowners live in 5,778 properties.
Median number of rooms of renter-occupied housing units**
5
Renter median household income**
$35,500
Average household size of renter-occupied housing units**
2.95
Rental vacancy rate**
5.8%
Chicago Heights City, Illinois Renter-occupied housing units by no. of bedrooms**
There are 1,356 rentals in Chicago Heights City, Illinois with 3 beds making up the highest share of the market, at 40%. Units with No bedrooms, on the other hand, hold the lowest percentage (8%), amounting to 257 units. Overall, the median number of rooms in Chicago Heights City, Illinois homes for rent is 5.
Chicago Heights City, Illinois Renter-occupied units by age of householder**
Most condos for rent in Chicago Heights City, Illinois are occupied by residents in the 35 - 44 years age group (28%), followed by those in the 45 - 54 years age group (22%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Chicago Heights City, Illinois Renter-occupied housing units by family type**
Chicago Heights City, Illinois Renter-occupied housing units by the presence of own children**
A total of 2,292 apartments for rent in Chicago Heights City, Illinois, or 67% of all rentals are family households. Additionally, 42% of rental homes include children under the age of 18 – that’s 1,420 units. All in all, the median size of a renter-occupied household in Chicago Heights City, Illinois is 2.95.
Chicago Heights City, 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 12% of the homes for rent in Chicago Heights City, Illinois.
Chicago Heights City, Illinois Renter-occupied units by year structure built**
The highest share of Chicago Heights City, Illinois apartment rentals, namely 23% or 784 units, were Built 1950 - 1959, followed by those Built 1970 - 1979 (15%, 519 units), and the ones Built 1939 or earlier (14%, 478 units).
Chicago Heights City, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Chicago Heights City, Illinois renters (54%) moved in 2010 to 2017, while only 3% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Chicago Heights City, Illinois condos for rent is 2015.
Chicago Heights City, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Chicago Heights City, Illinois renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 18% have No vehicle available.
Chicago Heights City, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Chicago Heights City, Illinois Geographical mobility in the past year for householders living in renter-occupied housing units**
Chicago Heights City, Illinois Average apartment rent by zip codes
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 Chicago Heights City, 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
