131 Luxury Apartments for rent in Aurora, IL

Last updated May 23 at 12:23pm UTC
494 GROSVENOR Lane
Fox Valley
Aurora, IL
Updated May 23 at 4:53am UTC
3 Bedrooms
$2,100
3032 Quincy Lane
Southeast Aurora
Aurora, IL
Updated May 23 at 1:55am UTC
4 Bedrooms
$1,900
1263 Cottonwood Dr
Edgelawn Randall
Aurora, IL
Updated May 22 at 12:30pm UTC
3 Bedrooms
$1,650
2566 Providence Avenue
Far Southeast
Aurora, IL
Updated May 22 at 8:33am UTC
3 Bedrooms
$1,800
2428 GLENFORD Drive
Eola Yards
Aurora, IL
Updated May 22 at 3:44am UTC
4 Bedrooms
$2,500
2418 Wilton Lane
Big Woods Marmion
Aurora, IL
Updated May 21 at 1:56pm UTC
3 Bedrooms
$1,900
2764 Rosehall Lane
Far Southeast
Aurora, IL
Updated May 20 at 3:30pm UTC
3 Bedrooms
$2,000
411 Oak Avenue
Near West Galena
Aurora, IL
Updated May 19 at 8:46am UTC
4 Bedrooms
$1,825
1013 WOODVIEW Court
Eola Yards
Aurora, IL
Updated May 19 at 8:46am UTC
3 Bedrooms
$1,760
361 Abington Woods Drive
Waubonsee
Aurora, IL
Updated May 18 at 11:37pm UTC
2 Bedrooms
$1,525
2733 Borkshire Lane
Big Woods Marmion
Aurora, IL
Updated May 18 at 5:57am UTC
3 Bedrooms
$1,800
3294 Bromley Lane
Eola Yards
Aurora, IL
Updated May 16 at 12:47am UTC
2 Bedrooms
$1,650
3367 Ravinia Circle
Far East
Aurora, IL
Updated May 17 at 7:27am UTC
3 Bedrooms
$1,680
4169 Milford Lane
Fox Valley
Aurora, IL
Updated May 16 at 11:43pm UTC
3 Bedrooms
$1,900
Bar Harbour Road
Southeast Aurora
Aurora, IL
Updated May 23 at 7:31am UTC
3 Bedrooms
$1,995
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May 2018 Aurora Rent Report

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

View full Aurora Rent Report
Rent Report
Aurora

May 2018 Aurora Rent Report

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

Aurora rent trends were flat over the past month

Aurora rents have remained flat over the past month, however, they have increased moderately by 3.1% year-over-year. Currently, median rents in Aurora stand at $1,110 for a one-bedroom apartment and $1,300 for a two-bedroom. Aurora's year-over-year rent growth leads the state average of 0.2%, as well as the national average of 1.5%.

Rents rising across the Chicago Metro

Throughout the past year, rent increases have been occurring not just in the city of Aurora, but across the entire metro. Of the largest 10 cities that we have data for in the Chicago metro, 8 of them have seen prices rise. 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 rose 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.

Aurora rents more affordable than many large cities nationwide

As rents have increased moderately in Aurora, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Aurora is still more affordable than most large cities across the country.

  • Aurora's median two-bedroom rent of $1,300 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 3.1% increase in Aurora.
  • While Aurora's rents rose moderately over the past year, some cities nationwide saw decreases, including Baltimore (-1.1%) and DC (-0.2%).
  • Renters will find more reasonable prices in Aurora than most large cities. For example, San Francisco has a median 2BR rent of $3,060, which is more than twice the price in Aurora.

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%
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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.