Apartments for Rent in Hermosa, Chicago, IL

Hermosa, Chicago apartment availability

Hermosa's rental market offers a good selection of listings, with an average of 70 rentals available each month. The majority of rentals are 2-bedroom apartments, followed by 1-bedroom and 3-bedroom units. Many apartments in Hermosa feature desirable amenities, including hardwood floors, found in 71% of rentals, and on-site laundry, available in 65% of rentals. Additionally, 46% of apartments allow small pets, making Hermosa a suitable option for pet owners. With a range of amenities and a variety of unit types, Hermosa is a neighborhood worth considering for renters.

Hermosa, Chicago rental market trends

The Hermosa neighborhood in Chicago saw a notable increase in rent prices last year, with an average monthly rent of $1,506 across all bed counts and property types, representing a 5.96% year-over-year increase. Breaking it down by bed count, 1-bedrooms averaged $1,333 per month, a significant 11.08% annual increase, while 2-bedrooms averaged $1,524, a 9.32% increase. Studios saw an impressive 18.08% increase, averaging $1,450 per month. However, 3-bedrooms experienced a 4.82% decrease, averaging $1,754 per month.

In terms of seasonality, December typically sees the highest rent prices, with a 12.02% increase compared to September, the month with the lowest rent. If you're looking for a new apartment, September may be a good time to find a deal. On the other hand, if you're looking to rent out a property, December may be the best time to capitalize on higher demand.

Why Hermosa, Chicago is a great place to live

Hermosa stands out as a neighborhood that seamlessly blends a vibrant social scene with a strong commitment to environmental sustainability.

For those who value an active social life, Hermosa's appeal lies in its dense neighborhood population, strong safety record, and excellent transit options, including frequent service and well-designed street infrastructure. Add to that a high walk score, and you have the perfect setting for getting out and enjoying all the area has to offer.

Environmentally conscious renters will appreciate the attention to detail in Hermosa's sustainable features, including the use of non-toxic paint, sustainable materials in construction, and an impressive array of parks and recreation spaces. Initiatives like waste recycling and composting, rainwater harvesting and recycling, community solar projects, and low-flow fixtures further underscore the neighborhood's eco-friendly ethos. Whether you prioritize socializing or sustainability, Hermosa offers a unique blend that's hard to find elsewhere.