Skokie, 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 Skokie, Illinois rental market.
Skokie, Illinois
Average Apartment Rent
$2,088
Y-o-Y Change in Average
Apartment Rent
-1.8%
As of May 2026
Compared to a year ago, Skokie, Illinois apartments have recorded a -1.8% rent decrease.
Skokie, Illinois Average apartment rent trend
Skokie, Illinois Average Apartment Rent
Skokie, Illinois Apartment rent ranges
At 67.42%, apartments priced $1,500 - $2,000 represent the bulk of Skokie, Illinois rentals, while condos priced Under $1,000 hold the lowest share of the market – 0.12%.
Skokie, Illinois Housing tenure**
Renters take up 25% of Skokie, Illinois real estate, occupying a total of 6,104 units, while homeowners live in 17,945 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$54,828
Average household size of renter-occupied housing units**
2.61
Rental vacancy rate**
5%
Skokie, Illinois Renter-occupied housing units by no. of bedrooms**
There are 2,754 rentals in Skokie, Illinois with 2 beds making up the highest share of the market, at 45%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 53 units. Overall, the median number of rooms in Skokie, Illinois homes for rent is 4.2.
Skokie, Illinois Renter-occupied units by age of householder**
Most condos for rent in Skokie, Illinois are occupied by residents in the 45 - 54 years age group (20%), followed by those in the 65 - 74 years age group (16%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Skokie, Illinois Renter-occupied housing units by family type**
Skokie, Illinois Renter-occupied housing units by the presence of own children**
A total of 3,657 apartments for rent in Skokie, Illinois, or 60% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 1,905 units. All in all, the median size of a renter-occupied household in Skokie, Illinois is 2.61.
Skokie, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 37% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Skokie, Illinois.
Skokie, Illinois Renter-occupied units by year structure built**
The highest share of Skokie, Illinois apartment rentals, namely 25% or 1,552 units, were Built 1950 - 1959, followed by those Built 1970 - 1979 (20%, 1,220 units), and the ones Built 1939 or earlier (13%, 781 units).
Skokie, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Skokie, Illinois renters (46%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Skokie, Illinois condos for rent is 2016.
Skokie, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Skokie, Illinois renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 18% have No vehicle available.
Skokie, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Skokie, 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 Skokie, 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
