86 Apartments under 1500 for rent in Naperville, IL

Last updated November 19 at 9:54am UTC
Railway Plaza
507 Railway Dr
Naperville, IL
Updated November 19 at 8:07am UTC
1 Bedroom
$1,290
2 Bedrooms
$1,765
1617 Augusta Drive
Naperville
Naperville, IL
Updated November 19 at 9:54am UTC
2 Bedrooms
$1,450
1751 South Washington Street
Maple Brook
Naperville, IL
Updated November 14 at 9:42am UTC
1 Bedroom
$950
Results within 1 miles of Naperville, IL
2264 Abbeywood Drive
Lisle
Lisle, IL
Updated November 16 at 10:35am UTC
2 Bedrooms
$1,300
1263 Chalet Road
Naperville
Naperville, IL
Updated November 14 at 9:43am UTC
2 Bedrooms
$1,300
2519 Sheehan Drive
Tall Grass
Naperville, IL
Updated November 2 at 2:40am UTC
2 Bedrooms
$1,450
1283 Whispering Hills Drive
Naperville
Naperville, IL
Updated November 2 at 2:42am UTC
2 Bedrooms
$1,450
31 Foxcroft Road
Naper Carriage Hill
Naperville, IL
Updated November 9 at 10:43am UTC
2 Bedrooms
$1,450
Results within 5 miles of Naperville, IL
29W543 Batavia Road
Warrenville
Warrenville, IL
Updated October 24 at 12:32pm UTC
2 Bedrooms
$775
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November 2017 Naperville Rent Report

Welcome to the November 2017 Naperville Rent Report. Naperville rents declined over the past month. In this report, we'll evaluate trends in the Naperville rental market, including comparisons to cities throughout the metro, state, and nation.

View full Naperville Rent Report
Rent Report
Naperville

November 2017 Naperville Rent Report

Welcome to the November 2017 Naperville Rent Report. Naperville rents declined over the past month. In this report, we'll evaluate trends in the Naperville rental market, including comparisons to cities throughout the metro, state, and nation.

Naperville rents declined significantly over the past month

Naperville rents have declined 0.4% over the past month, but have increased slightly by 1.6% in comparison to the same time last year. Currently, median rents in Naperville stand at $1,480 for a one-bedroom apartment and $1,740 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Naperville's year-over-year rent growth leads the state average of 1.0%, but trails the national average of 2.7%.

Rents rising across the Chicago Metro

Throughout the past year, rent increases have been occurring not just in the city of Naperville, 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.

  • Woodridge has seen the fastest rent growth in the metro, with a year-over-year increase of 2.9%. The median two-bedroom there costs $1,430, while one-bedrooms go for $1,220.
  • Over the past year, Lisle has seen the biggest rent drop in the metro, with a decline of 1.6%. Median two-bedrooms there cost $1,400, while one-bedrooms go for $1,190.
  • Chicago proper has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,270; rents fell 1.1% over the past month but rose 1.1% over the past year.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,740; rents decreased 0.4% over the past month but were up 1.6% over the past year.

Many large cities nationwide show more affordable rents compared to Naperville

As rents have increased slightly in Naperville, large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Naperville is less affordable for renters.

  • Naperville's median two-bedroom rent of $1,740 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.6% increase in Naperville.
  • While Naperville's rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Indianapolis (+2.6%), Baltimore (+2.5%), and Denver (+2.0%).
  • Renters will generally find more expensive prices in Naperville than most large cities. For example, Indianapolis has a median 2BR rent of $850, where Naperville is more than twice 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 $1,080 $1,270 -1.1% 1.1%
Aurora $1,100 $1,300 -0.3% 1.9%
Naperville $1,480 $1,740 -0.4% 1.6%
Arlington Heights $1,240 $1,450 -0.8% 2.3%
Evanston $1,290 $1,520 -1.1% -0.2%
Palatine $1,130 $1,320 0.7% 2.5%
Wheaton $1,260 $1,480 0.2% 0.2%
Hoffman Estates $1,090 $1,280 0.3%
Woodridge $1,220 $1,430 -1.6% 2.9%
Lisle $1,190 $1,400 -1.6% -1.6%

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.