Grandwood Park, 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 Grandwood Park, Illinois rental market.
Grandwood Park, Illinois
Average Apartment Rent
$1,810
Y-o-Y Change in Average
Apartment Rent
2%
As of March 2026
Compared to a year ago, Grandwood Park, Illinois apartments have recorded a 2% rent increase.
Grandwood Park, Illinois Average apartment rent trend
Grandwood Park, Illinois Average Apartment Rent
Grandwood Park, Illinois Apartment rent ranges
At 55.52%, apartments priced $1,500 - $2,000 represent the bulk of Grandwood Park, Illinois rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 17.25%.
Grandwood Park, Illinois Housing tenure**
Renters take up 14% of Grandwood Park, Illinois real estate, occupying a total of 272 units, while homeowners live in 1,736 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$53,906
Average household size of renter-occupied housing units**
1.71
Rental vacancy rate**
6.2%
Grandwood Park, Illinois Renter-occupied housing units by no. of bedrooms**
There are 85 rentals in Grandwood Park, Illinois with 3 beds making up the highest share of the market, at 31%. Units with 4 beds, on the other hand, hold the lowest percentage (11%), amounting to 30 units. Overall, the median number of rooms in Grandwood Park, Illinois homes for rent is 4.6.
Grandwood Park, Illinois Renter-occupied units by age of householder**
Most condos for rent in Grandwood Park, Illinois are occupied by residents in the 25 - 34 years age group (33%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Grandwood Park, Illinois Renter-occupied housing units by family type**
Grandwood Park, Illinois Renter-occupied housing units by the presence of own children**
A total of 117 apartments for rent in Grandwood Park, Illinois, or 43% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 89 units. All in all, the median size of a renter-occupied household in Grandwood Park, Illinois is 1.71.
Grandwood Park, 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 0% of the homes for rent in Grandwood Park, Illinois.
Grandwood Park, Illinois Renter-occupied units by year structure built**
The highest share of Grandwood Park, Illinois apartment rentals, namely 43% or 116 units, were Built 1960 - 1969, followed by those Built 1970 - 1979 (33%, 91 units), and the ones Built 1990 - 1999 (10%, 27 units).
Grandwood Park, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Grandwood Park, Illinois renters (53%) moved in 2010 to 2017, while only 4% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Grandwood Park, Illinois condos for rent is 2016.
Grandwood Park, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 66% of Grandwood Park, Illinois renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 4% have 3 or more vehicles available.
Grandwood Park, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Grandwood Park, 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 Grandwood Park, 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
