Preston Heights, 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 Preston Heights, Illinois rental market.
Preston Heights, Illinois
Average Apartment Rent
$1,546
Y-o-Y Change in Average
Apartment Rent
15.3%
As of March 2026
Compared to a year ago, Preston Heights, Illinois apartments have recorded a 15.3% rent increase.
Preston Heights, Illinois Average apartment rent trend
Preston Heights, Illinois Average Apartment Rent
Preston Heights, Illinois Apartment rent ranges
At 52.99%, apartments priced $1,000 - $1,500 represent the bulk of Preston Heights, Illinois rentals, while condos priced Over $3,000 hold the lowest share of the market – 1.92%.
Preston Heights, Illinois Housing tenure**
Renters take up 44% of Preston Heights, Illinois real estate, occupying a total of 444 units, while homeowners live in 572 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$26,875
Average household size of renter-occupied housing units**
2.23
Rental vacancy rate**
2.8%
Preston Heights, Illinois Renter-occupied housing units by no. of bedrooms**
There are 228 rentals in Preston Heights, Illinois with 2 beds making up the highest share of the market, at 51%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 13 units. Overall, the median number of rooms in Preston Heights, Illinois homes for rent is 4.1.
Preston Heights, Illinois Renter-occupied units by age of householder**
Most condos for rent in Preston Heights, Illinois are occupied by residents in the 25 - 34 years age group (39%), followed by those in the 45 - 54 years age group (17%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 2%.
Preston Heights, Illinois Renter-occupied housing units by family type**
Preston Heights, Illinois Renter-occupied housing units by the presence of own children**
A total of 212 apartments for rent in Preston Heights, Illinois, or 48% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 134 units. All in all, the median size of a renter-occupied household in Preston Heights, Illinois is 2.23.
Preston Heights, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 7% of the rental market. In contrast, residents with less than a high school degree reside in 27% of the homes for rent in Preston Heights, Illinois.
Preston Heights, Illinois Renter-occupied units by year structure built**
The highest share of Preston Heights, Illinois apartment rentals, namely 22% or 97 units, were Built 1960 - 1969, followed by those Built 1970 - 1979 (20%, 90 units), and the ones Built 1990 - 1999 (16%, 72 units).
Preston Heights, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Preston Heights, Illinois renters (60%) moved in 2010 to 2017, while only 3% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Preston Heights, Illinois condos for rent is 2015.
Preston Heights, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Preston Heights, Illinois renters have 1 vehicle available per household, 25% of them have 2 vehicles available, and 23% have No vehicle available.
Preston Heights, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Preston Heights, 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 Preston Heights, 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
