109 Cheap Apartments for rent in Naperville, IL

Last updated May 23 at 12:50pm UTC
1495 Georgia Court
Naperville
Naperville, IL
Updated May 23 at 9:20am UTC
2 Bedrooms
$1,200
1049 West Ogden Avenue
Cress Creek
Naperville, IL
Updated May 22 at 8:34am UTC
2 Bedrooms
$1,400
1221 Whispering Hills Court
Brush Hill
Naperville, IL
Updated May 22 at 3:45am UTC
2 Bedrooms
$1,200
128 East Bailey Road
Naperville
Naperville, IL
Updated May 21 at 6:05pm UTC
2 Bedrooms
$1,250
1508 West Jefferson Avenue
Naperville
Naperville, IL
Updated May 20 at 6:50am UTC
2 Bedrooms
$1,290
144 East BAILEY Road
Naperville
Naperville, IL
Updated May 13 at 5:53am UTC
1 Bedroom
$1,295
244 East Bailey Road
Naperville
Naperville, IL
Updated May 4 at 11:54am UTC
1 Bedroom
$999
1665 Coach Drive
Naperville
Naperville, IL
Updated March 17 at 10:45am UTC
2 Bedrooms
$1,175
Results within 1 miles of Naperville, IL
2220 Abbeywood Drive
Lisle
Lisle, IL
Updated May 13 at 1:29am UTC
2 Bedrooms
$1,350
Results within 5 miles of Naperville, IL
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May 2018 Naperville Rent Report

Welcome to the May 2018 Naperville Rent Report. Naperville rents remained steady 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

May 2018 Naperville Rent Report

Welcome to the May 2018 Naperville Rent Report. Naperville rents remained steady 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 rent trends were flat over the past month

Over the past month Naperville rents have remained steady. Currently, median rents in Naperville stand at $1,460 for a one-bedroom apartment and $1,720 for a two-bedroom. Naperville's year-over-year rent growth leads the state average of 0.2%, but trails the national average of 1.5%.

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 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.

  • 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.
  • 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.
  • Elgin has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,170; rents increased 0.5% over the past year but remained flat month-over-month.

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 $1,720 is above the national average of $1,170. Nationwide, rents have grown by 1.5% 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 (+3.1%), Denver (+1.6%), and Columbus (+1.5%); note that median 2BR rents in these cities go for $1,020, $1,320, and $950 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 $1,070 $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.