Downers Grove, 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 Downers Grove, Illinois rental market.
Downers Grove, Illinois
Average Apartment Rent
$2,058
Y-o-Y Change in Average
Apartment Rent
0.8%
As of July 2026
Compared to a year ago, Downers Grove, Illinois apartments have recorded a 0.8% rent increase.
Downers Grove, Illinois Average apartment rent trend
Downers Grove, Illinois Average Apartment Rent
Downers Grove, Illinois Apartment rent ranges
At 38.95%, apartments priced $1,500 - $2,000 represent the bulk of Downers Grove, Illinois rentals, while condos priced Over $3,000 hold the lowest share of the market – 7.25%.
Downers Grove, Illinois Housing tenure**
Renters take up 25% of Downers Grove, Illinois real estate, occupying a total of 5,008 units, while homeowners live in 15,188 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$55,878
Average household size of renter-occupied housing units**
1.86
Rental vacancy rate**
2.4%
Downers Grove, Illinois Renter-occupied housing units by no. of bedrooms**
There are 2,226 rentals in Downers Grove, Illinois with 1 bed making up the highest share of the market, at 44%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 146 units. Overall, the median number of rooms in Downers Grove, Illinois homes for rent is 3.7.
Downers Grove, Illinois Renter-occupied units by age of householder**
Most condos for rent in Downers Grove, Illinois are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 65 - 74 years age group (13%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 4%.
Downers Grove, Illinois Renter-occupied housing units by family type**
Downers Grove, Illinois Renter-occupied housing units by the presence of own children**
A total of 2,062 apartments for rent in Downers Grove, Illinois, or 41% of all rentals are family households. Additionally, 15% of rental homes include children under the age of 18 – that’s 765 units. All in all, the median size of a renter-occupied household in Downers Grove, Illinois is 1.86.
Downers Grove, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 50% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Downers Grove, Illinois.
Downers Grove, Illinois Renter-occupied units by year structure built**
The highest share of Downers Grove, Illinois apartment rentals, namely 29% or 1,469 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (14%, 704 units), and the ones Built 1980 - 1989 (13%, 643 units).
Downers Grove, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Downers Grove, Illinois renters (39%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Downers Grove, Illinois condos for rent is 2017.
Downers Grove, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Downers Grove, Illinois renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 14% have No vehicle available.
Downers Grove, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Downers Grove, 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 Downers Grove, 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
