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 5 cities nearby Lake Meadows. The average rent in Lake Meadows is currently $2,105 per month. Our records show that Evanston, IL, with an average rent of $1,975, 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 $2,850 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 5 cities near Lake Meadows, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,185	$1,595	$2,150	$1,975
Chicago, IL	$1,345	$1,755	$2,250	$2,000
Schaumburg, IL	N/A	$1,995	$2,350	$2,105
Wheaton, IL	N/A	$1,960	$2,320	$2,320
Naperville, IL	N/A	$1,650	$2,250	$2,850

Top Neighborhoods Near Lake Meadows

There are a total of 15 neighborhoods in or near Lake Meadows. Some of these neighborhoods include Edgewater, Ravenswood, and Rogers Park. We've included all of these top 15 neighborhoods in or near Lake Meadows, Chicago, IL in the following chart.

The average rent for these 15 neighborhoods in or near Lake Meadows, Chicago, IL is currently around $1,975 per month. Meaning, only fifteen neighborhoods have a higher average rent than $1,975. 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 $2,800 average rent per month, South Loop 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	$1,121	$1,550	$2,200	$1,550
Ravenswood, Chicago, IL	$1,220	$1,550	$2,570	$1,600
Rogers Park, Chicago, IL	$1,098	$1,350	$1,850	$1,600
Uptown, Chicago, IL	$1,100	$1,600	$2,250	$1,635
West Rogers Park, Chicago, IL	$1,200	$1,325	$1,800	$1,700
Albany Park, Chicago, IL	$1,050	$1,420	$1,900	$1,738
Lincoln Park, Chicago, IL	$1,385	$1,963	$2,805	$1,875
Humboldt Park, Chicago, IL	N/A	$1,775	$1,813	$1,975
Logan Square, Chicago, IL	$1,250	$1,795	$2,050	$1,995
Lakeview, Chicago, IL	$1,345	$1,850	$2,550	$2,090
Hyde Park, Chicago, IL	$1,250	$1,673	$2,000	$2,200
DePaul, Chicago, IL	$1,595	$2,270	$2,375	$2,325
Near North Side, Chicago, IL	$1,860	$2,350	$3,500	$2,555
The Loop, Chicago, IL	N/A	$2,475	$3,300	$2,788
South Loop, Chicago, IL	$1,648	$2,225	$3,000	$2,800

Top Counties Near Lake Meadows

There are a total of 15 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 $2,100. That's roughly around $2 per sqft. The county that is the most affordable is Evanston, IL. It's average rent per month is $1,975. Vice versa, with an average rent of $2,700, Naperville, IL is the most expensive county by Lake Meadows, Chicago, IL.

Typically, rent for studios in Lake Meadows, Chicago, IL is 49.03% more expensive than other counties nearby. 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	$1,185	$1,595	$2,150	$1,975
Chicago, IL	$1,345	$1,755	$2,250	$2,000
Schaumburg, IL	$1,195	$1,985	$2,400	$2,098
Downers Grove, IL	N/A	$1,825	$2,209	$2,103
Milton, IL	N/A	$1,960	$2,320	$2,320
Naperville, IL	N/A	$1,663	$2,200	$2,700

Top Zipcodes Near Lake Meadows

There are a total of 21 zipcodes in or near Lake Meadows, Chicago, IL. The average rent for all of these zipcodes is $2,100.

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	$1,573	$1,885	$2,137
60608, Chicago, IL	N/A	$1,375	$1,850	$2,145
60607, Chicago, IL	$1,700	$2,398	$3,275	$2,998
60654, Chicago, IL	$1,940	$2,478	$3,500	$2,500
60611, Chicago, IL	$1,800	$2,300	$3,612	$2,600
60610, Chicago, IL	$1,868	$2,300	$3,500	$2,625
60642, Chicago, IL	$1,929	$2,225	$2,600	$2,675
60622, Chicago, IL	$1,893	$2,100	$2,400	$2,298
60614, Chicago, IL	$1,603	$2,295	$2,851	$2,295
60647, Chicago, IL	$1,250	$1,890	$2,150	$2,100

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.