Richton 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 Richton Park, Illinois rental market.
Richton Park, Illinois
Average Apartment Rent
$1,644
Y-o-Y Change in Average
Apartment Rent
7.1%
As of March 2026
Compared to a year ago, Richton Park, Illinois apartments have recorded a 7.1% rent increase.
Richton Park, Illinois Average apartment rent trend
Richton Park, Illinois Average Apartment Rent
Richton Park, Illinois Apartment rent ranges
At 39.54%, apartments priced $1,500 - $2,000 represent the bulk of Richton Park, Illinois rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 24.33%.
Richton Park, Illinois Housing tenure**
Renters take up 49% of Richton Park, Illinois real estate, occupying a total of 2,511 units, while homeowners live in 2,564 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$39,680
Average household size of renter-occupied housing units**
2.11
Rental vacancy rate**
2.7%
Richton Park, Illinois Renter-occupied housing units by no. of bedrooms**
There are 1,091 rentals in Richton Park, Illinois with 2 beds making up the highest share of the market, at 43%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 18 units. Overall, the median number of rooms in Richton Park, Illinois homes for rent is 4.5.
Richton Park, Illinois Renter-occupied units by age of householder**
Most condos for rent in Richton Park, Illinois are occupied by residents in the 45 - 54 years age group (21%), followed by those in the 65 - 74 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 – 1%.
Richton Park, Illinois Renter-occupied housing units by family type**
Richton Park, Illinois Renter-occupied housing units by the presence of own children**
A total of 1,112 apartments for rent in Richton Park, Illinois, or 44% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 649 units. All in all, the median size of a renter-occupied household in Richton Park, Illinois is 2.11.
Richton Park, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Richton Park, Illinois.
Richton Park, Illinois Renter-occupied units by year structure built**
The highest share of Richton Park, Illinois apartment rentals, namely 37% or 917 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (26%, 653 units), and the ones Built 1990 - 1999 (14%, 339 units).
Richton Park, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Richton Park, Illinois renters (44%) moved in 2010 to 2017, while only 1% of them moved in 2021 or later. Overall, the median year renters have occupied their Richton Park, Illinois condos for rent is 2016.
Richton Park, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 55% of Richton Park, Illinois renters have 1 vehicle available per household, 21% of them have No vehicle available, and 20% have 2 vehicles available.
Richton Park, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Richton 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 Richton 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
