118 Cheap Apartments for rent in Naperville, IL

Last updated July 18 at 7:45pm UTC
16 East Benton Avenue
Downtown Naperville
Naperville, IL
Updated July 18 at 6:43pm UTC
1 Bedroom
$1,295
133 South Whispering Hills Drive
Naperville
Naperville, IL
Updated July 18 at 10:02am UTC
2 Bedrooms
$1,300
1725 South Washington Street
Naperville
Naperville, IL
Updated July 16 at 10:51pm UTC
2 Bedrooms
$1,350
244 East Bailey Road
Naperville
Naperville, IL
Updated July 14 at 6:47am UTC
1 Bedroom
$999
1495 Georgia Court
Naperville
Naperville, IL
Updated July 10 at 11:00pm UTC
2 Bedrooms
$1,200
1125 Royal St George Drive
Cress Creek
Naperville, IL
Updated July 5 at 10:42am UTC
1 Bedroom
$1,150
248 East Bailey Road
Naperville
Naperville, IL
Updated June 28 at 10:05pm UTC
2 Bedrooms
$1,250
1684 Normantown Road
Far East
Naperville, IL
Updated June 27 at 10:00pm UTC
2 Bedrooms
$1,350
144 East BAILEY Road
Naperville
Naperville, IL
Updated June 9 at 2:57am UTC
1 Bedroom
$1,295
Results within 1 miles of Naperville, IL
1310 Andover Drive
Southeast Aurora
Aurora, IL
Updated July 17 at 11:05pm UTC
3 Bedrooms
$1,400
1517 Raymond Dr
Naperville
Naperville, IL
Updated July 12 at 1:12am UTC
2 Bedrooms
$1,300

July 2018 Naperville Rent Report

Welcome to the July 2018 Naperville Rent Report. Naperville rents increased 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

July 2018 Naperville Rent Report

Welcome to the July 2018 Naperville Rent Report. Naperville rents increased 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 increase sharply over the past month

Naperville rents have increased 0.7% over the past month, but have been relatively flat in comparison to the same time last year. Currently, median rents in Naperville stand at $1,480 for a one-bedroom apartment and $1,750 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in April. Naperville's year-over-year rent growth leads the state average of -0.2%, but trails the national average of 1.4%.

Rents rising across the Chicago Metro

While rents have remained steady in the city of Naperville throughout the past year, cities across the metro have seen a different trend. Rents have risen in 6 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.

  • Palatine has seen the fastest rent growth in the metro, with a year-over-year increase of 2.8%. The median two-bedroom there costs $1,350, while one-bedrooms go for $1,150.
  • Over the past year, Chicago proper has seen the biggest rent drop in the metro, with a decline of 1.3%. Median two-bedrooms there cost $1,270, while one-bedrooms go for $1,080.
  • Waukegan has the least expensive rents in the Chicago metro, with a two-bedroom median of $990; rents grew 0.1% over the past month but fell 0.3% over the past year.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,750; rents rose 0.7% over the past month but remained flat year-over-year.

Many large cities nationwide show more affordable rents compared to Naperville

Rent growth in Naperville has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Compared to most large cities across the country, Naperville is less affordable for renters.

  • Naperville's median two-bedroom rent of $1,750 is above the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the stagnant growth in Naperville.
  • While rents in Naperville remained moderately stable this year, similar cities saw increases, including Houston (+3.7%), New York (+1.7%), Detroit (+1.3%); note that median 2BR rents in these cities go for $1,030, $2,520, and $890 respectively.
  • Renters will generally find more expensive prices in Naperville than most large cities. For example, Detroit has a median 2BR rent of $890, where Naperville is nearly 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 0.3% -1.3%
Aurora $1,120 $1,310 0.5% 2.0%
Joliet $1,020 $1,210 0.5% 1.5%
Naperville $1,480 $1,750 0.7% -0.0%
Elgin $1,010 $1,180 0.6% 1.1%
Waukegan $840 $990 0.1% -0.3%
Arlington Heights $1,250 $1,470 0.7% -0.7%
Evanston $1,300 $1,530 0.7% 1.0%
Schaumburg $1,370 $1,610 1.0% 1.4%
Palatine $1,150 $1,350 0.9% 2.8%
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.