Apartments for Rent in Albany Park, Chicago, IL

Albany Park, Chicago apartment availability

Albany Park's rental market offers a strong selection of listings, with an average of 274 rentals available each month in 2024. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as studios. Many of these apartments offer popular amenities, including hardwood floors, found in 67% of listings, and pet-friendly options, available in 63% of rentals. With a range of choices and desirable features, Albany Park is a great option for renters seeking a new home in Chicago.

Albany Park, Chicago rental market trends

Albany Park's rental market in 2024 has seen a slight decrease in average rent prices, with a year-over-year drop of 0.3% to $1,605. However, this trend varies by bedroom count. One-bedroom apartments have experienced a 6.5% increase, averaging $1,402 per month, while two-bedroom apartments have seen a 2.3% rise to $1,633. Three-bedroom apartments have also increased, by 4.1% to $2,122. In contrast, studio apartments have decreased by 1.8% to $1,096.

Rent prices fluctuate throughout the year, with January being the most expensive month and May the least expensive. The difference between these two months is significant, with January rents averaging 13.4% higher than May. For renters looking for a deal, May might be the best time to find an apartment, as prices are lower and there may be more available units.

Why Albany Park, Chicago is a great place to live

Albany Park stands out as a hub for environmentally conscious renters and those seeking a vibrant social life. The neighborhood's focus on sustainability is evident in its use of non-toxic paint, waste recycling and composting programs, and incorporation of sustainable materials in construction. The area also prioritizes eco-friendly features like rainwater harvesting and community solar projects. With a strong walk score and access to parks and recreation, Albany Park makes it easy to live a greener lifestyle. Additionally, the neighborhood's dense population, excellent street infrastructure, and frequent transit options create a lively atmosphere perfect for socializing. With a strong emphasis on safety, Albany Park offers the ideal blend of eco-awareness and community engagement, making it an attractive choice for renters who value both.