Average Rent in Lake Meadows, Chicago, IL

Current Versus Historical Lake Meadows, Chicago, IL Rents

Lake Meadows rentals average $1,163 for a studio rental to $1,163 for a studio rental. The median price of all currently available listings is $1,163, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $117 (11.14%) year-over-year from $1,046 to $1,163. 1-bedroom rentals prices have decreased by $220 (-16.39%) year-over-year from $1,342 to $1,122. 2-bedroom rentals prices have decreased by $425 (-22.86%) year-over-year from $1,857 to $1,433. 3-bedroom rentals prices have increased by $744 (36.19%) year-over-year from $2,056 to $2,800. 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 11.62% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone up by 21.53% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.53	$1,163	$1,046 (11.14%)	$1,114 (4.37%)

Historical Rents in Lake Meadows, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Lake Meadows

There are a total of 6 cities nearby Lake Meadows. The average rent in Lake Meadows is currently $2,246 per month. Our records show that Evanston, IL, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near Lake Meadows, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,800 per month.

Let's compare Lake Meadows, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about inf% more affordable. Two bedrooms in Lake Meadows, Chicago, IL are about inf% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 6 cities near Lake Meadows, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,043	$1,693	$2,150	$2,000
Chicago, IL	$1,308	$1,725	$2,300	$2,084
Schaumburg, IL	N/A	$1,995	$2,382	$2,173
Wheaton, IL	N/A	$1,965	$2,320	$2,320
Aurora, IL	N/A	$1,300	$2,050	$2,373
Naperville, IL	N/A	$1,650	$2,200	$2,800

Top Neighborhoods Near Lake Meadows

There are a total of 14 neighborhoods in or near Lake Meadows. Some of these neighborhoods include Edgewater, Rogers Park, and Albany Park. We've included all of these top 14 neighborhoods in or near Lake Meadows, Chicago, IL in the following chart.

The average rent for these 14 neighborhoods in or near Lake Meadows, Chicago, IL is currently around $1,964 per month. Meaning, only fourteen neighborhoods have a higher average rent than $1,964. Interestingly, the neighborhoods' average rent is higher than Lake Meadows's average rent, which is only $1,163. Out of all the neighborhoods in or near Lake Meadows, Edgewater has the most affordable average rent at $1,550 per month. Whereas, at $2,998 average rent per month, Near North Side is the most expensive neighborhood in or near Lake Meadows. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Edgewater, Chicago, IL	$1,126	$1,550	$2,175	$1,550
Rogers Park, Chicago, IL	$1,150	$1,375	$1,850	$1,600
Albany Park, Chicago, IL	$1,048	$1,420	$1,900	$1,650
Uptown, Chicago, IL	$1,150	$1,625	$2,600	$1,695
West Rogers Park, Chicago, IL	$1,200	$1,325	$1,825	$1,700
Ravenswood, Chicago, IL	$1,220	$1,600	$2,650	$1,725
Logan Square, Chicago, IL	$1,250	$1,795	$2,023	$1,911
Lincoln Park, Chicago, IL	$1,450	$1,875	$2,945	$2,018
Lakeview, Chicago, IL	$1,450	$1,927	$2,593	$2,100
Humboldt Park, Chicago, IL	$2,100	$1,450	$1,825	$2,150
Hyde Park, Chicago, IL	$1,275	$1,650	$1,875	$2,299
DePaul, Chicago, IL	$1,670	$2,295	$2,400	$2,395
South Loop, Chicago, IL	$1,650	$2,248	$3,000	$2,809
Near North Side, Chicago, IL	$1,775	$2,396	$3,600	$2,998

Top Counties Near Lake Meadows

There are a total of 14 counties located by Lake Meadows, Chicago, IL. Some of these counties include Evanston, IL, Chicago, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,152. That's roughly around $2 per sqft. The county that is the most affordable is Evanston, IL. It's average rent per month is $2,000. Vice versa, with an average rent of $2,700, Naperville, IL is the most expensive county by Lake Meadows, Chicago, IL.

In comparison, rent for one bedroom listings in Lake Meadows, Chicago, IL is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in Lake Meadows, Chicago, IL is inf% more affordable than other counties nearby. We've listed the top 6 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,043	$1,693	$2,150	$2,000
Chicago, IL	$1,308	$1,725	$2,300	$2,084
Schaumburg, IL	N/A	$1,995	$2,382	$2,115
Downers Grove, IL	N/A	$1,822	$2,209	$2,188
Milton, IL	N/A	$1,963	$2,320	$2,320
Naperville, IL	N/A	$1,663	$2,185	$2,700

Top Zipcodes Near Lake Meadows

There are a total of 20 zipcodes in or near Lake Meadows, Chicago, IL. The average rent for all of these zipcodes is $2,091.

The following chart includes the top 10 zipcodes in Lake Meadows, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60615, Chicago, IL	$1,250	$1,450	$1,875	$2,087
60608, Chicago, IL	N/A	$1,363	$1,850	$1,900
60607, Chicago, IL	$1,594	$2,250	$3,250	$3,200
60611, Chicago, IL	$1,835	$2,500	$3,684	$3,450
60610, Chicago, IL	$1,763	$2,299	$3,550	$2,700
60642, Chicago, IL	$1,929	$2,300	$2,900	$2,700
60622, Chicago, IL	$1,890	$2,100	$2,490	$2,500
60614, Chicago, IL	$1,600	$2,200	$2,895	$2,370
60647, Chicago, IL	$1,250	$1,848	$2,150	$2,050
60657, Chicago, IL	$1,400	$1,927	$2,650	$2,095

Frequently Asked Questions - Lake Meadows Average Rents

What is the average rent price in Lake Meadows, Chicago, IL?

The average monthly rental price for Lake Meadows, Chicago, IL apartments for rent is approximately $1,163. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Lake Meadows, Chicago, 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 Lake Meadows, Chicago, IL.

How much is a studio apartment in Lake Meadows, Chicago, IL?

The average monthly rental price for studio apartments is $1,163 and an average price per square feet of $2.53. There are a total of 2 studio apartment listings currently available for rent in Lake Meadows.

How much is a one bedroom apartment in Lake Meadows, Chicago, IL?

The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 one bedroom apartment listings currently available for rent in Lake Meadows.

How much is a two bedroom apartment in Lake Meadows, Chicago, IL?

The average monthly rental price for two bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 two bedroom apartment listings currently available for rent in Lake Meadows.

How have rent prices in Lake Meadows, Chicago, IL changed this year?

Rent prices for rentals in Lake Meadows, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.11%, one bedroom rental prices have changed by -0.16%, two bedroom rental prices have changed by -0.23%, and three bedroom rental prices have changed by 0.36% year-over-year.

What is a reasonable rent price in Lake Meadows, Chicago, IL?

A reasonable rent price in Lake Meadows, Chicago, IL is around $930/month. You can search for these reasonably priced rental listings on RentHop.