Average Rent in Wheeling, IL

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Current Versus Historical Wheeling, IL Rents

Wheeling rentals average $2,075 for a 2-bedroom rental to $2,900 for a 4-bedroom rental. The median price of all currently available listings is $2,400, or roughly $22 per square feet.

For the apartment units and housing in August 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 $870 (-35.36%) year-over-year from $2,460 to $1,590. 2-bedroom rentals prices have decreased by $260 (-11.26%) year-over-year from $2,310 to $2,050. 3-bedroom rentals prices have decreased by $33 (-1.11%) year-over-year from $2,983 to $2,950. 4-bedroom rentals prices have decreased by $171 (-5.56%) year-over-year from $3,071 to $2,900. 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 9.16% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 0.38% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
2 BR	$21.82	$2,050	$2,310 (-11.26%)	$2,631 (-22.07%)
3 BR	$22.93	$2,950	$2,983 (-1.11%)	$2,371 (24.43%)
4+ BR	$17.52	$2,900	$3,071 (-5.56%)	$3,000 (-3.33%)

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 $2,750 per month. Only one city nearby has an average rent lower than that. Our records show that Palatine, IL, with an average rent of $1,900, 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 $2,750 per month.

Let's compare Wheeling, IL's rent against other top cities nearby by bedroom size. Two bedrooms in Wheeling, IL are about 13.25% more affordable. Finally, rent for three bedrooms are about 14.46% 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	N/A	$1,500	$1,850	$1,900
Buffalo Grove, IL	N/A	$1,750	$2,525	$2,750
Vernon Hills, IL	N/A	$1,900	$2,350	$2,750

Top Neighborhoods Near Wheeling

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Wheeling

There are a total of 6 counties located by Wheeling, IL. Some of these counties include Wheeling, IL, Maine, IL, and Elk Grove, IL. The average rent for rentals in these counties is $2,564. That's roughly around $24 per sqft. A total of one county has a lower average rent. The county that is the most affordable is Wheeling, IL. Its average rent per month is $2,400. Vice versa, with an average rent of $2,925, Northfield, IL is the most expensive county by Wheeling, IL.

Rent for two bedrooms in Wheeling, IL is 12.65% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Wheeling, IL	$1,300	$1,743	$2,100	$2,400
Maine, IL	$1,195	$1,600	$2,275	$2,500
Elk Grove, IL	N/A	$1,750	$2,175	$2,500
Moraine, IL	$1,425	$2,195	$2,639	$2,627
Vernon, IL	N/A	$1,550	$2,400	$2,850
Northfield, IL	N/A	$1,660	$2,500	$2,925

Top Zipcodes Near Wheeling

There is one zipcode in or near Wheeling, IL. The average rent for this zipcode is $2,427.

The following table includes the zipcode in or near Wheeling, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60173, Schaumburg, IL	N/A	$2,214	$2,390	$2,427

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 $2,075 and an average price per square feet of $21.82. There are a total of 14 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 -0.35%, two bedroom rental prices have changed by -0.11%, three bedroom rental prices have changed by -0.01% 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.