Riverwoods, 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 Riverwoods, Illinois rental market.
Riverwoods, Illinois
Average Apartment Rent
$2,716
Y-o-Y Change in Average
Apartment Rent
Infinity%
As of May 2026
Compared to a year ago, Riverwoods, Illinois apartments have recorded a Infinity% rent increase.
Riverwoods, Illinois Average apartment rent trend
Riverwoods, Illinois Average Apartment Rent
Riverwoods, Illinois Apartment rent ranges
At 39.6%, apartments priced $2,000 - $2,500 represent the bulk of Riverwoods, Illinois rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 5.26%.
Riverwoods, Illinois Housing tenure**
Renters take up 3% of Riverwoods, Illinois real estate, occupying a total of 37 units, while homeowners live in 1,302 properties.
Median number of rooms of renter-occupied housing units**
9
Renter median household income**
$141,131
Average household size of renter-occupied housing units**
2.43
Rental vacancy rate**
62.6%
Riverwoods, Illinois Renter-occupied housing units by no. of bedrooms**
There are 28 rentals in Riverwoods, Illinois with 4 beds making up the highest share of the market, at 76%. Units with 3 beds, on the other hand, hold the lowest percentage (24%), amounting to 9 units. Overall, the median number of rooms in Riverwoods, Illinois homes for rent is 9.
Riverwoods, Illinois Renter-occupied units by age of householder**
Most condos for rent in Riverwoods, Illinois are occupied by residents in the 65 - 74 years age group (57%), followed by those in the 55 - 59 years age group (24%). At the same time, people in the 35 - 44 years age group make up the lowest share of the local rental market – 19%.
Riverwoods, Illinois Renter-occupied housing units by family type**
Riverwoods, Illinois Renter-occupied housing units by the presence of own children**
A total of 28 apartments for rent in Riverwoods, Illinois, or 76% of all rentals are family households. Additionally, 19% of rental homes include children under the age of 18 – that’s 7 units. All in all, the median size of a renter-occupied household in Riverwoods, Illinois is 2.43.
Riverwoods, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 76% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Riverwoods, Illinois.
Riverwoods, Illinois Renter-occupied units by year structure built**
The highest share of Riverwoods, Illinois apartment rentals, namely 57% or 21 units, were Built 1980 - 1989, followed by those Built 1960 - 1969 (22%, 8 units), and the ones Built 1990 - 1999 (19%, 7 units).
Riverwoods, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Riverwoods, Illinois renters (59%) moved in 2010 to 2017, while only 41% of them moved in 2018 to 2020. Overall, the median year renters have occupied their Riverwoods, Illinois condos for rent is 2017.
Riverwoods, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 57% of Riverwoods, Illinois renters have No vehicle available per household, 24% of them have 1 vehicle available, and 19% have 2 or more vehicles available.
Riverwoods, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Riverwoods, 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 Riverwoods, 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
