Naperville, 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 Naperville, Illinois rental market.
Highlights
An apartment for rent in Naperville, Illinois typically goes for $2,032 per month, while a single-family home for rent in Naperville, Illinois has a monthly cost of around $3,024. Renter-occupied units make up 26% of the local housing market, while the rental vacancy rate in Naperville, Illinois is at 5.1.
Naperville, Illinois
Average Apartment Rent
$2,032
Y-o-Y Change in Average
Apartment Rent
6.6%
Average Single-Family Rent
$3,024
As of July 2024
Compared to a year ago, Naperville, Illinois apartments have recorded a 6.6% rent increase.
Naperville, Illinois Average apartment rent trend
Naperville, Illinois Average Apartment Rent
Naperville, Illinois Apartment rent ranges
At 52.34%, apartments priced $1,500 - $2,000 represent the bulk of Naperville, Illinois rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 5.31%.
Naperville, Illinois Housing tenure**
Renters take up 26% of Naperville, Illinois real estate, occupying a total of 13,783 units, while homeowners live in 40,032 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$83,753
Average household size of renter-occupied housing units**
2.18
Rental vacancy rate**
5.1%
Naperville, Illinois Renter-occupied housing units by no. of bedrooms**
There are 6,428 rentals in Naperville, Illinois with 2 beds making up the highest share of the market, at 47%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 202 units. Overall, the median number of rooms in Naperville, Illinois homes for rent is 3.8.
Naperville, Illinois Renter-occupied units by age of householder**
Most condos for rent in Naperville, Illinois are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Naperville, Illinois Renter-occupied housing units by family type**
Naperville, Illinois Renter-occupied housing units by the presence of own children**
A total of 6,507 apartments for rent in Naperville, Illinois, or 47% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 3,718 units. All in all, the median size of a renter-occupied household in Naperville, Illinois is 2.18.
Naperville, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 62% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Naperville, Illinois.
Naperville, Illinois Renter-occupied units by year structure built**
The highest share of Naperville, Illinois apartment rentals, namely 28% or 3,802 units, were Built 1990 - 1999, followed by those Built 1980 - 1989 (24%, 3,328 units), and the ones Built 2000 - 2009 (16%, 2,167 units).
Naperville, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Naperville, Illinois renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Naperville, Illinois condos for rent is 2018.
Naperville, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Naperville, Illinois renters have 1 vehicle available per household, 32% of them have 2 vehicles available, and 11% have No vehicle available.
Naperville, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Naperville, Illinois Geographical mobility in the past year for householders living in renter-occupied housing units**
Naperville, 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 Naperville, 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
