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Last updated December 7 2019 at 3:35 AM

219 Apartments for rent in Hoffman Estates, IL

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Last updated December 7 at 02:53am
1 Unit Available
120 South Hickory Avenue
120 South Hickory Avenue, Bartlett, IL
5 Bedrooms
$2,600
3159 sqft
Old world charm with modern amenities renovated in 2007. 5 full baths, 5 bedrooms + 1st floor den. Huge yard!! Large deck with pergola. Kitchen features loads of maple cabinets. Hardwood and ceramic floors through out.
Last updated December 7 at 02:53am
1 Unit Available
95 OTIS Road
95 Otis Road, Barrington Hills, IL
4 Bedrooms
$3,700
2030 sqft
The essence of Barrington Hills! Traditional style home set on an 8.5-acre waterfront site with rolling terrain has stunning views of surrounding countryside.
Last updated December 7 at 02:53am
1 Unit Available
495 FALKIRK Place
495 West Falkirk Place, Palatine, IL
5 Bedrooms
$4,200
4600 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at 495 FALKIRK Place in Palatine. View photos, descriptions and more!
Last updated December 7 at 02:53am
1 Unit Available
1215 Angle Tarn
1215 Angle Tarn, West Dundee, IL
4 Bedrooms
$2,450
2492 sqft
Open and airy 2-story is sure to impress! This home hits the trifecta: first-floor den, beautifully finished English basement, AND a heated 3-car garage! Throw in excellent, neutral condition to boot.

Average Rent in Hoffman Estates

Last updated Nov. 2019
The average rent for a 1 bedroom apartment in Hoffman Estates is $1,103, while the average rent for a 2 bedroom apartment is $1,297.
Studio
$950
1 Bed
$1,103
2 Beds
$1,297
3+ Beds
$1,659

December 2019 Hoffman Estates Rent Report

Welcome to the December 2019 Hoffman Estates Rent Report. Hoffman Estates rents declined over the past month. In this report, we'll evaluate trends in the Hoffman Estates rental market, including comparisons to cities throughout the metro, state, and nation.

View full Rent Report

December 2019 Hoffman Estates Rent Report

Welcome to the December 2019 Hoffman Estates Rent Report. Hoffman Estates rents declined over the past month. In this report, we'll evaluate trends in the Hoffman Estates rental market, including comparisons to cities throughout the metro, state, and nation.

Hoffman Estates rents decline sharply over the past month

Hoffman Estates rents have declined 0.6% over the past month, but have been relatively flat at 0.4% in comparison to the same time last year. Currently, median rents in Hoffman Estates stand at $1,103 for a one-bedroom apartment and $1,298 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in September. Hoffman Estates' year-over-year rent growth lags the state average of 0.8%, as well as the national average of 1.4%.

    Rents rising across the Chicago Metro

    While rents have remained steady in the city of Hoffman Estates throughout the past year, cities across the metro have seen a different trend. Rents have risen in 8 of 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.

    • Naperville has the most expensive rents in the Chicago metro, with a two-bedroom median of $1,750; however, the city has also seen rents fall by 0.6% over the past year, the biggest drop in the metro.
    • Waukegan has seen the fastest rent growth in the metro, with a year-over-year increase of 2.5%. The median two-bedroom there costs $1,018, while one-bedrooms go for $865.

    Hoffman Estates rents more affordable than many large cities nationwide

    Rent growth in Hoffman Estates has been relatively stable over the past year - some other large cities have seen more substantial increases. Hoffman Estates is still more affordable than most large cities across the country.

    • Other cities across the state have seen rents slightly increase, with Illinois as a whole logging rent growth of 0.8% over the past year. For example, rents have grown by 0.7% in Rockford.
    • Hoffman Estates' median two-bedroom rent of $1,298 is above the national average of $1,191. Nationwide, rents have grown by 1.4% over the past year compared to the stagnant growth in Hoffman Estates.
    • While rents in Hoffman Estates remained moderately stable this year, similar cities saw increases, including Columbus (+1.7%), DC (+1.4%), and New York (+1.3%); note that median 2BR rents in these cities go for $969, $1,570, and $2,567 respectively.
    • Renters will find more reasonable prices in Hoffman Estates than most large cities. For example, San Francisco has a median 2BR rent of $3,101, which is more than twice the price in Hoffman Estates.

    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
    $1,090
    $1,280
    0
    1.3%
    Aurora
    $1,130
    $1,320
    0.3%
    1.1%
    Joliet
    $950
    $1,120
    0.3%
    0
    Naperville
    $1,490
    $1,750
    -0.1%
    -0.6%
    Elgin
    $990
    $1,170
    0.6%
    1%
    Waukegan
    $870
    $1,020
    -0.4%
    2.5%
    Hammond
    $840
    $990
    0
    0.7%
    Gary
    $790
    $930
    -1.1%
    1.4%
    Arlington Heights
    $1,250
    $1,460
    0.6%
    -0.2%
    Evanston
    $1,320
    $1,560
    -0.1%
    1.6%
    Schaumburg
    $1,430
    $1,680
    0.3%
    1.3%
    Bolingbrook
    $1,310
    $1,550
    0
    1%
    Palatine
    $1,170
    $1,380
    0.6%
    1.1%
    Des Plaines
    $980
    $1,150
    0.5%
    -0.2%
    Wheaton
    $1,260
    $1,490
    -0.7%
    4.4%
    Hoffman Estates
    $1,100
    $1,300
    -0.6%
    0.4%
    Oak Park
    $860
    $1,010
    -1.1%
    3.1%
    Lombard
    $1,330
    $1,560
    0.4%
    -2.8%
    Buffalo Grove
    $1,340
    $1,580
    -1.1%
    -1.7%
    Carol Stream
    $1,170
    $1,370
    -0.4%
    2.1%
    Romeoville
    $1,600
    $1,880
    0.1%
    0.7%
    Wheeling
    $1,140
    $1,340
    -0.2%
    0.3%
    Calumet City
    $880
    $1,030
    -0.1%
    1.2%
    Merrillville
    $970
    $1,140
    0
    1.5%
    Glendale Heights
    $1,130
    $1,330
    -0.8%
    0.4%
    St. Charles
    $1,250
    $1,470
    0.7%
    -0.8%
    Woodridge
    $1,200
    $1,410
    -2.2%
    -1%
    Gurnee
    $1,180
    $1,390
    1.2%
    -4.6%
    Oswego
    $1,670
    $1,970
    1.3%
    -1.3%
    Chicago Heights
    $920
    $1,090
    -0.3%
    0.7%
    Lansing
    $830
    $970
    0.1%
    -2.8%
    Vernon Hills
    $1,330
    $1,560
    -0.5%
    -0.4%
    Woodstock
    $980
    $1,150
    0.2%
    0.7%
    Westmont
    $1,300
    $1,530
    1.9%
    5.4%
    Zion
    $900
    $1,060
    -0.4%
    1.3%
    Rolling Meadows
    $1,260
    $1,480
    2%
    2.2%
    Lisle
    $1,250
    $1,470
    0.1%
    3.9%
    Bloomingdale
    $1,500
    $1,770
    0.1%
    -1.1%
    Park Forest
    $990
    $1,170
    0.2%
    1.3%
    Richton Park
    $1,060
    $1,240
    1%
    0.9%
    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.

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