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16 Studio Apartments for rent in Wheeling, IL

Last updated July 17 at 1:38pm UTC
Results within 5 miles of Wheeling, IL
Buckingham Place
800 E Northwest Hwy
Des Plaines, IL
Updated July 17 at 12:17pm UTC
Studio
$1,427
2550 Waterview Drive
Northbrook
Northbrook, IL
Updated July 3 at 9:47pm UTC
Studio
$1,599
Results within 10 miles of Wheeling, IL
The Atworth at Mellody Farm
1111 N Milwaukee Ave
Vernon Hills, IL
Updated July 17 at 12:18pm UTC
Studio
$1,545
52 East Main Street
Lake Zurich
Lake Zurich, IL
Updated July 16 at 10:50pm UTC
Studio
$625
1585 Ellinwood Ave
Des Plaines
Des Plaines, IL
Updated July 14 at 5:13pm UTC
Studio
$325
7900 N Caldwell Ave
Rivers Edge
Niles, IL
Updated July 16 at 1:15am UTC
Studio
$795
3330 Skokie Valley Rd
Buena Woods
Highland Park, IL
Updated July 4 at 9:17am UTC
Studio
$2,100

July 2018 Wheeling Rent Report

Welcome to the July 2018 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 Wheeling Rent Report
Rent Report
Wheeling

July 2018 Wheeling Rent Report

Welcome to the July 2018 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 slightly over the past month

Wheeling rents have increased 0.2% over the past month, and are up marginally by 0.9% in comparison to the same time last year. Currently, median rents in Wheeling stand at $1,180 for a one-bedroom apartment and $1,390 for a two-bedroom. This is the fifth straight month that the city has seen rent increases after a decline in January. Wheeling'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

Throughout the past year, rent increases have been occurring not just in the city of Wheeling, but across the entire metro. Of the largest 10 cities that we have data for in the Chicago metro, 6 of them have seen prices rise. 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 decreased 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 were up 0.7% over the past month but remained flat year-over-year.

Many large cities nationwide show more affordable rents compared to Wheeling

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

  • Wheeling's median two-bedroom rent of $1,390 is above the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 0.9% rise in Wheeling.
  • While Wheeling's rents rose marginally over the past year, many cities nationwide saw decreases, including Baltimore (-0.6%), St. Louis (-0.4%), and DC (-0.1%).
  • Renters will generally find more expensive prices in Wheeling than most large cities. For example, Detroit has a median 2BR rent of $890, where Wheeling 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 0.3% -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.