47 Cheap Apartments for rent in Arlington Heights, IL

Last updated May 27 at 1:42pm UTC
233 South Highland Avenue
Arlington Heights
Arlington Heights, IL
Updated May 17 at 4:32am UTC
1 Bedroom
$985
1631 North WINDSOR Drive
Arlington Heights
Arlington Heights, IL
Updated May 12 at 12:24pm UTC
1 Bedroom
$1,250
Results within 1 miles of Arlington Heights, IL
1225 Woodbury Ln
Palatine
Palatine, IL
Updated May 26 at 1:48am UTC
2 Bedrooms
$1,100
1559 Norway Ln
Palatine
Palatine, IL
Updated May 24 at 6:20pm UTC
1 Bedroom
$850
10 Oak Creek Drive
Buffalo Grove
Buffalo Grove, IL
Updated May 19 at 4:01am UTC
1 Bedroom
$1,000
Results within 5 miles of Arlington Heights, IL
344 North Smith Street
Palatine
Palatine, IL
Updated May 27 at 1:32pm UTC
2 Bedrooms
$1,200
755 DULLES Road
Des Plaines
Des Plaines, IL
Updated May 27 at 12:32am UTC
2 Bedrooms
$1,085
1477 North Winslowe Drive
Palatine
Palatine, IL
Updated May 22 at 3:46am UTC
1 Bedroom
$950
5400 Carriageway Drive
Rolling Meadows
Rolling Meadows, IL
Updated May 23 at 9:18am UTC
1 Bedroom
$1,100
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May 2018 Arlington Heights Rent Report

Welcome to the May 2018 Arlington Heights Rent Report. Arlington Heights rents increased 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

May 2018 Arlington Heights Rent Report

Welcome to the May 2018 Arlington Heights Rent Report. Arlington Heights rents increased 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 increase sharply over the past month

Arlington Heights rents have increased 0.7% over the past month, but are down moderately by 1.9% in comparison to the same time last year. Currently, median rents in Arlington Heights stand at $1,230 for a one-bedroom apartment and $1,450 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in February. Arlington Heights' year-over-year rent growth lags the state average of 0.2%, as well as the national average of 1.5%.

Rents rising across the Chicago Metro

While rent prices have decreased in Arlington Heights over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 8 of the largest 10 cities in the Chicago metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Aurora has seen the fastest rent growth in the metro, with a year-over-year increase of 3.1%. The median two-bedroom there costs $1,300, while one-bedrooms go for $1,110.
  • Over the past year, Arlington Heights has seen the biggest rent drop in the metro, with a decline of 1.9%. Median two-bedrooms there cost $1,450, while one-bedrooms go for $1,230.
  • Elgin has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,170; rents were up 0.5% over the past year but remained flat month-over-month.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,720; rents remained steady over the past month.

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

As rents have fallen moderately in Arlington Heights, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Arlington Heights is less affordable for renters.

  • Arlington Heights' median two-bedroom rent of $1,450 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.9% decline in Arlington Heights.
  • While rents in Arlington Heights fell moderately over the past year, many cities nationwide saw increases, including Houston (+3.1%), Denver (+1.6%), and Columbus (+1.5%).
  • 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 $1,070 $1,260 0.2% -0.6%
Aurora $1,110 $1,300 0.0% 3.1%
Joliet $1,020 $1,200 0.1% 1.3%
Naperville $1,460 $1,720 -0.0% 0.4%
Elgin $1,000 $1,170 0.1% 0.5%
Arlington Heights $1,230 $1,450 0.7% -1.9%
Evanston $1,280 $1,510 0.5% 1.3%
Schaumburg $1,340 $1,580 0.1% 1.2%
Palatine $1,130 $1,330 0.3% 2.0%
Des Plaines $1,040 $1,220 -0.3% 1.6%
See more

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.