18 Cheap Apartments for rent in Arlington Heights, IL

Last updated January 23 at 4:17pm UTC
2218 S. Goebbert #292
Arlington Heights
Arlington Heights, IL
Updated January 18 at 8:08pm UTC
1 Bedroom
$950
233 South Highland Avenue
Arlington Heights
Arlington Heights, IL
Updated January 3 at 11:47am UTC
1 Bedroom
$985
Results within 1 miles of Arlington Heights, IL
1442 Carol Court
Palatine
Palatine, IL
Updated January 3 at 11:45am UTC
2 Bedrooms
$1,200
1241 North Winslowe Drive
Palatine
Palatine, IL
Updated January 3 at 11:42am UTC
2 Bedrooms
$1,150
2506 Algonquin Road
Rolling Meadows
Rolling Meadows, IL
Updated January 3 at 11:46am UTC
2 Bedrooms
$950
1500 S. Busse Rd. 1E
Mount Prospect
Mount Prospect, IL
Updated January 18 at 8:11pm UTC
1 Bedroom
$950
1222 E Long Valley Dr
Palatine
Palatine, IL
Updated January 21 at 5:47pm UTC
2 Bedrooms
$1,100
1 Villa Verde Drive
Buffalo Grove
Buffalo Grove, IL
Updated January 17 at 1:45am UTC
1 Bedroom
$1,100
5600 ASTOR Lane
Rolling Meadows
Rolling Meadows, IL
Updated January 5 at 1:54am UTC
2 Bedrooms
$1,200
4000 Bayside Drive
Palatine
Palatine, IL
Updated January 14 at 1:29am UTC
2 Bedrooms
$1,250
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January 2018 Arlington Heights Rent Report

Welcome to the January 2018 Arlington Heights Rent Report. Arlington Heights rents remained steady over the past month. In this report, we'll evaluate trends in the Arlington Heights rental market, including comparisons to cities throughout the metro, state, and nation.

View full Arlington Heights Rent Report
Rent Report
Arlington Heights

January 2018 Arlington Heights Rent Report

Welcome to the January 2018 Arlington Heights Rent Report. Arlington Heights rents remained steady over the past month. In this report, we'll evaluate trends in the Arlington Heights rental market, including comparisons to cities throughout the metro, state, and nation.

Arlington Heights rents held steady over the past month

Arlington Heights rents have remained flat over the past month, however, they are up marginally by 0.5% year-over-year. Currently, median rents in Arlington Heights stand at $1,230 for a one-bedroom apartment and $1,440 for a two-bedroom. Arlington Heights' year-over-year rent growth lags the state average of 1.3%, as well as the national average of 2.8%.

Rents rising across the Chicago Metro

Throughout the past year, rent increases have been occurring not just in the city of Arlington Heights, but across the entire metro. Of the largest 10 cities that we have data for in the Chicago metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Naperville has the most expensive rents in the Chicago metro, with a two-bedroom median of $1,730; the city has also seen rent growth of 3.5% over the past year, the fastest in the metro.
  • Over the past month, Palatine has seen the biggest rent drop in the metro, with a decline of 0.7%. Median two-bedrooms there cost $1,320, while one-bedrooms go for $1,120.
  • Elgin has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,180; rents rose 2.8% over the past year but remained flat month-over-month.

Many large cities nationwide show more affordable rents compared to Arlington Heights

As rents have increased marginally in Arlington Heights, a few large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Arlington Heights is less affordable for renters.

  • Arlington Heights' median two-bedroom rent of $1,440 is above the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 0.5% rise in Arlington Heights.
  • While Arlington Heights' rents rose marginally over the past year, many cities nationwide saw more substantial increases, including Columbus (+3.8%), Baltimore (+2.9%), and Houston (+2.5%).
  • Renters will generally find more expensive prices in Arlington Heights than most large cities. For example, Detroit has a median 2BR rent of $890, where Arlington Heights is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Chicago $1,060 $1,250 -0.2% 0.8%
Aurora $1,110 $1,300 -0.1% 2.9%
Joliet $1,030 $1,210 0.3% 2.8%
Naperville $1,470 $1,730 -0.0% 3.5%
Elgin $1,000 $1,180 0.3% 2.8%
Arlington Heights $1,230 $1,440 0.1% 0.5%
Evanston $1,270 $1,500 -0.7% 0.0%
Schaumburg $1,350 $1,590 0.0% 2.0%
Palatine $1,120 $1,320 -0.7% 2.6%
Des Plaines $1,030 $1,220 0.7% 3.1%
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Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.