Merrionette 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 Merrionette Park, Illinois rental market.
Merrionette Park, Illinois
Average Apartment Rent
$1,441
Y-o-Y Change in Average
Apartment Rent
11.3%
As of May 2026
Compared to a year ago, Merrionette Park, Illinois apartments have recorded a 11.3% rent increase.
Merrionette Park, Illinois Average apartment rent trend
Merrionette Park, Illinois Average Apartment Rent
Merrionette Park, Illinois Apartment rent ranges
At 64%, apartments priced $1,000 - $1,500 represent the bulk of Merrionette Park, Illinois rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 36%.
Merrionette Park, Illinois Housing tenure**
Renters take up 22% of Merrionette Park, Illinois real estate, occupying a total of 217 units, while homeowners live in 773 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$55,625
Average household size of renter-occupied housing units**
1.88
Merrionette Park, Illinois Renter-occupied housing units by no. of bedrooms**
There are 170 rentals in Merrionette Park, Illinois with 2 beds making up the highest share of the market, at 78%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 6 units. Overall, the median number of rooms in Merrionette Park, Illinois homes for rent is 4.5.
Merrionette Park, Illinois Renter-occupied units by age of householder**
Most condos for rent in Merrionette Park, Illinois are occupied by residents in the 25 - 34 years age group (52%), followed by those in the 45 - 54 years age group (13%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Merrionette Park, Illinois Renter-occupied housing units by family type**
Merrionette Park, Illinois Renter-occupied housing units by the presence of own children**
A total of 80 apartments for rent in Merrionette Park, Illinois, or 37% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 58 units. All in all, the median size of a renter-occupied household in Merrionette Park, Illinois is 1.88.
Merrionette Park, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 17% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Merrionette Park, Illinois.
Merrionette Park, Illinois Renter-occupied units by year structure built**
The highest share of Merrionette Park, Illinois apartment rentals, namely 27% or 59 units, were Built 1950 - 1959, followed by those Built 1970 - 1979 (27%, 59 units), and the ones Built 1960 - 1969 (19%, 41 units).
Merrionette Park, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most Merrionette Park, Illinois renters (46%) moved in 2010 to 2017, while only 6% of them moved in 2021 or later. Overall, the median year renters have occupied their Merrionette Park, Illinois condos for rent is 2014.
Merrionette Park, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 41% of Merrionette Park, Illinois renters have 1 vehicle available per household, 29% of them have No vehicle available, and 28% have 2 vehicles available.
Merrionette Park, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Merrionette 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 Merrionette 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
