Greetings, Lombard, Illinois apartment hunters, and welcome to your virtual leasing headquarters! Situated a mere 20 miles east of the Loop, and boasting some of the area’s most attractive apartments, Lombard is a convenient and coveted living locale for Chicagolanders who want the big city on their doorstep while still being able to soak in the serenity of the suburbs. Are you in the market for a dynamite apartment deal in Lombard? Then start scouring through the listings in this snazzy little apartment finder, because we guarantee the perfect apartment rental for you is just a few clicks away!
Luxurious apartments are standard fare in Lombard, and amenities tend to be top-notch and typically include spacious (1000-plus square foot) floor plans, covered parking, hardwood floors, in-unit washers/dryers, and (in a few cases) plasma TVs, fireplaces, and doorman service. Pet-friendly, furnished, and utilities-included apartments are surprisingly easy to come by in Lombard (ditto for short-term lease rentals), giving renters with a wide range of needs a variety of options.
Leasing deals, especially for new tenants, do pop up occasionally, so keep your eyes peeled for the move-in specials that many property managers offer periodically.
You should probably come see for yourself whether or not Lombard feels like a good fit for you rather than just taking our word for it.
As far as fun and games go, Lombard is no stranger to entertainment, cultural attractions, and outdoorsy activities. The city is home to a rejuvenated downtown shopping district, fifteen city parks, a water park, tons of unique eateries, a pair of heavily-traveled bikeways, and the annual Lilac Festival each May, which attracts droves of tourists. Factor in its proximity to Chicago, and we get the feeling you’ll soon be feeling right at home in Lombard in no time.
So what are you waiting for? Start clicking away, and welcome to Lombard!
Welcome to the February 2019 Lombard Rent Report. Lombard rents declined over the past month. In this report, we'll evaluate trends in the Lombard rental market, including comparisons to cities throughout the metro, state, and nation.
Welcome to the February 2019 Lombard Rent Report. Lombard rents declined over the past month. In this report, we'll evaluate trends in the Lombard rental market, including comparisons to cities throughout the metro, state, and nation.
Lombard rents have declined 0.7% over the past month, but have increased sharply by 7.5% in comparison to the same time last year. Currently, median rents in Lombard stand at $1,370 for a one-bedroom apartment and $1,610 for a two-bedroom. Lombard's year-over-year rent growth leads the state average of -0.1%, as well as the national average of 1.0%.
Throughout the past year, rent increases have been occurring not just in the city of Lombard, but across the entire metro. Of the largest 10 cities that we have data for in the Chicago metro, 7 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.
As rents have increased sharply in Lombard, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Lombard is less affordable for renters.
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.
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.
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.
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.