Average Rent in Wheeling, IL

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Current Versus Historical Wheeling, IL Rents

Wheeling rentals average $2,000 for a 2-bedroom rental to $3,048 for a 4-bedroom rental. The median price of all currently available listings is $2,400, or roughly $21 per square feet.

For the apartment units and housing in October 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $2,199 to $2,199. 1-bedroom rentals prices have decreased by $484 (-23.34%) year-over-year from $2,074 to $1,590. 2-bedroom rentals prices have decreased by $113 (-5.33%) year-over-year from $2,113 to $2,000. 3-bedroom rentals prices have increased by $158 (5.72%) year-over-year from $2,767 to $2,925. 4-bedroom rentals prices have decreased by $38 (-1.26%) year-over-year from $3,033 to $2,995. 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 down by 0.00% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 1.64% this month. 3-bedroom rents have gone up by 1.50% this month. 4-bedroom rents have gone down by 2.28% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
2 BR	$21.23	$2,000	$2,113 (-5.33%)	$2,594 (-22.90%)
3 BR	$20.23	$2,925	$2,767 (5.72%)	$2,650 (10.38%)
4+ BR	$21.02	$2,995	$3,033 (-1.26%)	$3,300 (-9.24%)

Historical Rents in Wheeling, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Wheeling

There are a total of 3 cities nearby Wheeling. The average rent in Wheeling is currently $2,450 per month. Only one city nearby has an average rent lower than that. Our records show that Palatine, IL, with an average rent of $2,150, is the most affordable city nearby. In contrast, the most expensive city near Wheeling, IL is Vernon Hills, IL. Monthly rents here are on average $2,525 per month.

Let's compare Wheeling, IL's rent against other top cities nearby by bedroom size. Two bedrooms in Wheeling, IL are about 5.00% more affordable. Finally, rent for three bedrooms are about 9.43% more affordable. Want more information? Check out the top 3 cities near Wheeling, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Palatine, IL	$1,300	$1,500	$1,950	$2,150
Arlington Heights, IL	$1,200	$1,750	$2,100	$2,450
Vernon Hills, IL	$2,004	$2,229	$2,200	$2,525

Top Neighborhoods Near Wheeling

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Wheeling

There are a total of 5 counties located by Wheeling, IL. Some of these counties include Elk Grove, IL, Wheeling, IL, and Maine, IL. The average rent for rentals in these counties is $2,600. That's roughly around $24 per sqft. The county that is the most affordable is Elk Grove, IL. Its average rent per month is $2,475. Vice versa, with an average rent of $3,200, Vernon, IL is the most expensive county by Wheeling, IL.

Rent for two bedrooms in Wheeling, IL is 15.00% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Elk Grove, IL	N/A	$1,825	$2,200	$2,475
Wheeling, IL	$1,200	$1,755	$2,000	$2,500
Maine, IL	N/A	$1,600	$2,375	$2,600
Northfield, IL	N/A	$1,550	$2,348	$2,963
Vernon, IL	N/A	$1,475	$2,300	$3,200

Top Zipcodes Near Wheeling

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Wheeling Average Rents

What is the average rent price in Wheeling, IL?

The average monthly rental price for Wheeling, IL apartments for rent is approximately $2,400. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Wheeling, 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 Wheeling, IL.

How much is a two bedroom apartment in Wheeling, IL?

The average monthly rental price for two bedroom apartments is $2,000 and an average price per square feet of $21.23. There are a total of 21 two bedroom apartment listings currently available for rent in Wheeling.

How have rent prices in Wheeling, IL changed this year?

Rent prices for rentals in Wheeling, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by -0.23%, two bedroom rental prices have changed by -0.05%, three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in Wheeling, IL?

A reasonable rent price in Wheeling, IL is around $1,920/month. You can search for these reasonably priced rental listings on RentHop.