Des Plaines, 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 Des Plaines, Illinois rental market.
Des Plaines, Illinois
Average Apartment Rent
$1,898
Y-o-Y Change in Average
Apartment Rent
4.2%
As of July 2024
Compared to a year ago, Des Plaines, Illinois apartments have recorded a 4.2% rent increase.
Des Plaines, Illinois Average apartment rent trend
Des Plaines, Illinois Average Apartment Rent
Des Plaines, Illinois Apartment rent ranges
At 57.05%, apartments priced $1,500 - $2,000 represent the bulk of Des Plaines, Illinois rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 13.99%.
Des Plaines, Illinois Housing tenure**
Renters take up 21% of Des Plaines, Illinois real estate, occupying a total of 4,887 units, while homeowners live in 18,000 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$59,965
Average household size of renter-occupied housing units**
2.47
Rental vacancy rate**
6.1%
Des Plaines, Illinois Renter-occupied housing units by no. of bedrooms**
There are 1,742 rentals in Des Plaines, Illinois with 1 bed making up the highest share of the market, at 36%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 36 units. Overall, the median number of rooms in Des Plaines, Illinois homes for rent is 4.
Des Plaines, Illinois Renter-occupied units by age of householder**
Most condos for rent in Des Plaines, Illinois are occupied by residents in the 35 - 44 years age group (20%), followed by those in the 25 - 34 years age group (20%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Des Plaines, Illinois Renter-occupied housing units by family type**
Des Plaines, Illinois Renter-occupied housing units by the presence of own children**
A total of 2,733 apartments for rent in Des Plaines, Illinois, or 56% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 1,381 units. All in all, the median size of a renter-occupied household in Des Plaines, Illinois is 2.47.
Des Plaines, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 33% of the rental market. In contrast, residents with less than a high school degree reside in 18% of the homes for rent in Des Plaines, Illinois.
Des Plaines, Illinois Renter-occupied units by year structure built**
The highest share of Des Plaines, Illinois apartment rentals, namely 19% or 913 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (17%, 822 units), and the ones Built 1950 - 1959 (15%, 733 units).
Des Plaines, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Des Plaines, Illinois renters (47%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Des Plaines, Illinois condos for rent is 2016.
Des Plaines, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Des Plaines, Illinois renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 11% have No vehicle available.
Des Plaines, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Des Plaines, Illinois Geographical mobility in the past year for householders living in renter-occupied housing units**
Des Plaines, 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 Des Plaines, 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
