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1 Apartments under 900 for rent in Wheeling, IL

Featured
The Colony
475 W Enterprise Dr
Mount Prospect, IL
Updated February 23 at 04:17am
1 Bedroom
$856
2 Bedrooms
$1,217
3 Bedrooms
$1,779
Residents of this community have access to a variety of shopping and dining options along West Oakton Street and Elmhurst Road. Stay in shape at the volleyball court, pool or gym. Units are recently renovated.
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February 2019 Wheeling Rent Report

Welcome to the February 2019 Wheeling Rent Report. Wheeling rents increased over the past month. In this report, we'll evaluate trends in the Wheeling rental market, including comparisons to cities throughout the metro, state, and nation.

View full Rent Report

February 2019 Wheeling Rent Report

Welcome to the February 2019 Wheeling Rent Report. Wheeling rents increased over the past month. In this report, we'll evaluate trends in the Wheeling rental market, including comparisons to cities throughout the metro, state, and nation.

Wheeling rents increased significantly over the past month

Wheeling rents have increased 0.5% over the past month, but have decreased significantly by 2.0% in comparison to the same time last year. Currently, median rents in Wheeling stand at $1,140 for a one-bedroom apartment and $1,340 for a two-bedroom. Wheeling's year-over-year rent growth lags the state average of -0.1%, as well as the national average of 1.0%.

    Rents rising across the Chicago Metro

    While rent prices have decreased in Wheeling over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 7 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.

    • Joliet has seen rents fall by 7.7% over the past year, the biggest drop in the metro. It also has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,120.
    • Schaumburg has seen the fastest rent growth in the metro, with a year-over-year increase of 4.4%. The median two-bedroom there costs $1,660, while one-bedrooms go for $1,410.
    • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,760; rents went down 0.5% over the past month but rose 1.2% over the past year.

    Wheeling rents more affordable than many large cities nationwide

    As rents have fallen significantly in Wheeling, many large cities nationwide have seen prices increase, in some cases substantially. Wheeling is also more affordable than most large cities across the country.

    • Other cities across the state have seen rents increase, with Illinois as a whole logging rent growth of -0.1% over the past year. For example, rents have grown by 0.4% in Peoria.
    • Wheeling's median two-bedroom rent of $1,340 is above the national average of $1,170. Nationwide, rents have grown by 1.0% over the past year compared to the 2.0% decline in Wheeling.
    • While rents in Wheeling fell significantly over the past year, many cities nationwide saw increases, including San Francisco (+2.7%), Denver (+2.5%), and New York (+2.4%).
    • Renters will find more reasonable prices in Wheeling than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than twice the price in Wheeling.

    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
    -0.2%
    0.9%
    Aurora
    $1,120
    $1,320
    0.1%
    1.4%
    Joliet
    $950
    $1,120
    -0.2%
    -7.7%
    Naperville
    $1,490
    $1,760
    -0.5%
    1.2%
    Elgin
    $990
    $1,160
    -0.2%
    -1.9%
    Arlington Heights
    $1,250
    $1,470
    -0.5%
    2%
    Evanston
    $1,300
    $1,520
    -0.5%
    2.1%
    Schaumburg
    $1,410
    $1,660
    -0.4%
    4.4%
    Palatine
    $1,160
    $1,370
    -0.3%
    3.7%
    Des Plaines
    $980
    $1,150
    0
    -6%
    Wheaton
    $1,220
    $1,430
    0.4%
    0.2%
    Hoffman Estates
    $1,110
    $1,300
    1.2%
    0.2%
    Oak Park
    $830
    $980
    0.9%
    -10.1%
    Lombard
    $1,370
    $1,610
    -0.7%
    7.5%
    Crystal Lake
    $1,220
    $1,430
    -0.3%
    -2.1%
    Carol Stream
    $1,140
    $1,340
    -0.3%
    2.7%
    Wheeling
    $1,140
    $1,340
    0.5%
    -2%
    Calumet City
    $870
    $1,020
    0
    -2.8%
    Glendale Heights
    $1,130
    $1,330
    0.6%
    -1.9%
    St. Charles
    $1,250
    $1,470
    -1.1%
    -9.2%
    Woodridge
    $1,200
    $1,410
    0.1%
    1.7%
    Woodstock
    $970
    $1,140
    -0.3%
    -1.4%
    Westmont
    $1,250
    $1,470
    -0.8%
    3.5%
    Lisle
    $1,200
    $1,420
    -0.8%
    1.8%
    Park Forest
    $980
    $1,150
    0
    0.2%
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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.