Northbrook, 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 Northbrook, Illinois rental market.
Average Apartment Rent in March 2022
Y-o-Y Change in Average
Compared to a year ago, Northbrook, Illinois apartments have recorded a 10.9% rent increase.
Northbrook, Illinois |Average apartment rent trend
Northbrook, Illinois| Average apartment rent
Northbrook, Illinois | Apartment rent ranges
At 37.65%, apartments priced Over $2,000 represent the bulk of Northbrook, Illinois rentals, while condos priced Under $500 hold the lowest share of the market – 0.06%.
Northbrook, Illinois | Housing tenure**
Renters take up 14% of Northbrook, Illinois real estate, occupying a total of 1,842 units, while homeowners live in 11,214 properties.
Median number of rooms of renter-occupied housing units**
Renter median household income**
Average household size of renter-occupied housing units**
Rental vacancy rate**
Northbrook, Illinois | Renter-occupied housing units by no. of bedrooms**
There are 814 rentals in Northbrook, Illinois with 2 beds making up the highest share of the market, at 44%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 58 units. Overall, the median number of rooms in Northbrook, Illinois homes for rent is 4.4.
Northbrook, Illinois |Renter-occupied units by age of householder**
Most condos for rent in Northbrook, Illinois are occupied by residents in the 85 years and over age group (25%), followed by those in the 45 - 54 years age group (17%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Northbrook, Illinois | Renter-occupied housing units by family type**
Northbrook, Illinois | Renter-occupied housing units by the presence of own children**
A total of 902 apartments for rent in Northbrook, Illinois, or 49% of all rentals are family households. Additionally, 22% of rental homes include children under the age of 18 – that’s 406 units. All in all, the median size of a renter-occupied household in Northbrook, Illinois is 1.95.
Northbrook, Illinois | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 67% of the rental market. In contrast, residents with less than a high school degree reside in 1% of the homes for rent in Northbrook, Illinois.
Northbrook, Illinois | Renter-occupied units by year structure built**
The highest share of Northbrook, Illinois apartment rentals, namely 26% or 475 units, were Built 1950 - 1959, followed by those Built 1970 - 1979 (19%, 349 units), and the ones Built 1980 - 1989 (12%, 228 units).
Northbrook, Illinois | Renter-occupied units by year householder moved in**
Median year renter moved into unit2014
Most Northbrook, Illinois renters (31%) moved in 2010 to 2014, while only 5% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Northbrook, Illinois condos for rent is 2014.
Northbrook, Illinois | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Northbrook, Illinois renters have 1 vehicle available per household, 23% of them have No vehicle available, and 19% have 2 vehicles available.
Northbrook, Illinois | Means of transportation to work of householders living in renter-occupied housing units**
Northbrook, Illinois |Geographical mobility in the past year for householders living in renter-occupied housing units**
Northbrook, 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 Northbrook, 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, 2019 American Community Survey 5-Year Estimates