2 Apartments under 900 for rent in Wheaton, IL

Last updated June 13 at 11:37pm UTC
Results within 10 miles of Wheaton, IL
1715 Felten Rd Apt 6
Indian Creek
Aurora, IL
Updated June 1 at 11:05am UTC
1 Bedroom
$800

June 2018 Wheaton Rent Report

Welcome to the June 2018 Wheaton Rent Report. Wheaton rents increased over the past month. In this report, we'll evaluate trends in the Wheaton rental market, including comparisons to cities throughout the metro, state, and nation.

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Rent Report
Wheaton

June 2018 Wheaton Rent Report

Welcome to the June 2018 Wheaton Rent Report. Wheaton rents increased over the past month. In this report, we'll evaluate trends in the Wheaton rental market, including comparisons to cities throughout the metro, state, and nation.

Wheaton rents increase sharply over the past month

Wheaton rents have increased 1.1% over the past month, but have remained steady in comparison to the same time last year. Currently, median rents in Wheaton stand at $1,260 for a one-bedroom apartment and $1,480 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in January. Wheaton's year-over-year rent growth is level with the state average of 0.0%, but lags the national average of 1.5%.

Rents rising across the Chicago Metro

While rents have remained steady in the city of Wheaton throughout the past year, cities across the metro have seen a different trend. Rents have risen in 7 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 2.6%. The median two-bedroom there costs $1,310, 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 1.2%. Median two-bedrooms there cost $1,460, while one-bedrooms go for $1,240.
  • Waukegan has the least expensive rents in the Chicago metro, with a two-bedroom median of $980; rents were up 0.1% over the past month but fell 0.5% over the past year.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,730; rents rose 0.7% over the past month but remained flat year-over-year.

Many large cities nationwide show more affordable rents compared to Wheaton

Rent growth in Wheaton 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, Wheaton is less affordable for renters.

  • Wheaton's median two-bedroom rent of $1,480 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 Wheaton.
  • While rents in Wheaton remained moderately stable this year, similar cities saw increases, including Houston (+3.4%), San Francisco (+1.5%), and Denver (+1.4%); note that median 2BR rents in these cities go for $1,030, $3,070, and $1,330 respectively.
  • Renters will generally find more expensive prices in Wheaton than most large cities. For example, Detroit has a median 2BR rent of $890, where Wheaton is more than one-and-a-half times 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 0.4% -0.8%
Aurora $1,110 $1,310 0.2% 2.6%
Joliet $1,020 $1,200 -0.1% 1.1%
Naperville $1,470 $1,730 0.7% 0.3%
Elgin $1,000 $1,180 0.3% 0.6%
Waukegan $840 $980 0.1% -0.5%
Arlington Heights $1,240 $1,460 0.7% -1.2%
Evanston $1,290 $1,520 0.9% 1.4%
Schaumburg $1,350 $1,590 0.7% 0.9%
Palatine $1,140 $1,340 0.9% 2.3%
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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.