Rolling Meadows, 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 Rolling Meadows, Illinois rental market.
Rolling Meadows, Illinois
Average Apartment Rent
$1,760
Y-o-Y Change in Average
Apartment Rent
2.4%
As of June 2025
Compared to a year ago, Rolling Meadows, Illinois apartments have recorded a 2.4% rent increase.
Rolling Meadows, Illinois Average apartment rent trend
Rolling Meadows, Illinois Average Apartment Rent
Rolling Meadows, Illinois Apartment rent ranges
At 48.26%, apartments priced $1,500 - $2,000 represent the bulk of Rolling Meadows, Illinois rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 1.14%.
Rolling Meadows, Illinois Housing tenure**
Renters take up 28% of Rolling Meadows, Illinois real estate, occupying a total of 2,544 units, while homeowners live in 6,626 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$65,588
Average household size of renter-occupied housing units**
2.76
Rental vacancy rate**
4.8%
Rolling Meadows, Illinois Renter-occupied housing units by no. of bedrooms**
There are 1,375 rentals in Rolling Meadows, Illinois with 2 beds making up the highest share of the market, at 54%. Units with No bedrooms, on the other hand, hold the lowest percentage (4%), amounting to 103 units. Overall, the median number of rooms in Rolling Meadows, Illinois homes for rent is 4.
Rolling Meadows, Illinois Renter-occupied units by age of householder**
Most condos for rent in Rolling Meadows, Illinois are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 35 - 44 years age group (27%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Rolling Meadows, Illinois Renter-occupied housing units by family type**
Rolling Meadows, Illinois Renter-occupied housing units by the presence of own children**
A total of 1,455 apartments for rent in Rolling Meadows, Illinois, or 57% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 776 units. All in all, the median size of a renter-occupied household in Rolling Meadows, Illinois is 2.76.
Rolling Meadows, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 16% of the homes for rent in Rolling Meadows, Illinois.
Rolling Meadows, Illinois Renter-occupied units by year structure built**
The highest share of Rolling Meadows, Illinois apartment rentals, namely 22% or 550 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (19%, 487 units), and the ones Built 1950 - 1959 (17%, 433 units).
Rolling Meadows, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Rolling Meadows, Illinois renters (42%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Rolling Meadows, Illinois condos for rent is 2019.
Rolling Meadows, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 46% of Rolling Meadows, Illinois renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 8% have 3 vehicles available.
Rolling Meadows, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Rolling Meadows, 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 Rolling Meadows, 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
