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Average Rent in Evanston, IL

Home  »  IL  »  Evanston

Current Versus Historical Evanston, IL Rents

Evanston rentals average $0 for a studio rental to $6,148 for a 4-bedroom rental. The median price of all currently available listings is $2,470, or roughly $3 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $8,658 (645.82%) year-over-year from $1,341 to $9,999. 1-bedroom rentals prices have increased by $8,431 (537.69%) year-over-year from $1,568 to $9,999. 2-bedroom rentals prices have increased by $313 (13.70%) year-over-year from $2,285 to $2,598. 3-bedroom rentals prices have increased by $1,602 (48.55%) year-over-year from $3,299 to $4,900. 4-bedroom rentals prices have increased by $1,399 (29.47%) year-over-year from $4,748 to $6,148. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 134.50% this month. 1-bedroom rents have gone up by 121.31% this month. 2-bedroom rents have gone up by 7.11% this month. 3-bedroom rents have gone up by 39.44% this month. 4-bedroom rents have gone up by 60.75% this month.
Beds
Price / Sqft
 May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $2.72 $9,999 $1,568 (537.69%) $1,320 (657.50%)
2 BR $2.59 $2,598 $2,285 (13.70%) $1,672 (55.38%)
3 BR $3.40 $4,900 $3,299 (48.55%) $1,972 (148.52%)
4+ BR $2.16 $6,148 $4,748 (29.47%) $3,398 (80.94%)

Historical Rents in Evanston, IL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Evanston



Let's compare Evanston, IL's rent against other top cities nearby by bedroom size.
City Studio 1 Bed 2 Bed All

Top Neighborhoods Near Evanston

There are a total of 1 neighborhoods in or near Evanston. We've included all of these top 1 neighborhoods in or near Evanston, IL in the following chart.

The average rent for these 1 neighborhoods in or near Evanston, IL is currently around $1,535 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near Evanston, Rogers Park has the most affordable average rent at $1,535 per month. Whereas, at $1,535 average rent per month, Rogers Park is the most expensive neighborhood in or near Evanston. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Rogers Park, Chicago, IL $1,100 $1,300 $1,750 $1,535

Top Counties Near Evanston

There are a total of 1 counties located by Evanston, IL.

We've listed the top 0 counties in the chart below.
County Studio 1 Bed 2 Bed All

Top Zipcodes Near Evanston

There are a total of 2 zipcodes in or near Evanston, IL. The average rent for all of these zipcodes is $1,585. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60626, Chicago, IL at $1,475 per month. In comparison, the zipcode with the most expensive average rent of $1,695 per month is 60640, Chicago, IL.

Studios in these zipcodes have an average rent of $1,238. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Evanston, IL is $1,498 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,075 per month. Which comes out to $2 per sqft. The following chart includes the top 2 zipcodes in Evanston, IL. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
60640, Chicago, IL $1,375 $1,695 $2,400 $1,695
60626, Chicago, IL $1,100 $1,300 $1,750 $1,475

Frequently Asked Questions - Evanston Average Rents

What is the average rent price in Evanston, IL?
The average monthly rental price for Evanston, IL apartments for rent is approximately $2,470. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Evanston, IL rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Evanston, IL.
How much is a studio apartment in Evanston, IL?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in Evanston.
How much is a one bedroom apartment in Evanston, IL?
The average monthly rental price for one bedroom apartments is $2,245 and an average price per square feet of $2.72. There are a total of 9 one bedroom apartment listings currently available for rent in Evanston.
How much is a two bedroom apartment in Evanston, IL?
The average monthly rental price for two bedroom apartments is $2,395 and an average price per square feet of $2.59. There are a total of 7 two bedroom apartment listings currently available for rent in Evanston.
How have rent prices in Evanston, IL changed this year?
Rent prices for rentals in Evanston, IL can fluctuate yearly. Specifically, studio rental prices have changed by 6.46%, one bedroom rental prices have changed by 5.38%, two bedroom rental prices have changed by 0.14%, and three bedroom rental prices have changed by 0.49% year-over-year.
What is a reasonable rent price in Evanston, IL?
A reasonable rent price in Evanston, IL is around $1,976/month. You can search for these reasonably priced rental listings on RentHop.
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