Apartments for Rent in Kenwood, Chicago, IL

Kenwood, Chicago apartment availability

Kenwood's rental market offers a strong selection of listings, with an average of 264 rentals available each month in 2024. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and studio apartments, with a smaller selection of 3-bedroom units. Many of these apartments offer popular amenities, including hardwood floors, found in 61% of listings, and on-site laundry, available in 67% of rentals. Additionally, 60% of Kenwood apartments are pet-friendly with some restrictions, making this neighborhood a great option for renters with pets.

Kenwood, Chicago rental market trends

The Kenwood neighborhood in Chicago saw a relatively stable rent market in 2024, with an average monthly rent of $1,683, reflecting a slight year-over-year decrease of 0.09%. However, 1-bedroom apartments experienced a significant 21.3% increase, averaging $1,628 per month. The average rent for 2-bedrooms was around $2,011, while studios averaged $1,176.

The most expensive month to rent in Kenwood is typically February, with prices 20% higher compared to November, the month with the lowest average rent. If you're looking for a new apartment, November may be a good time to find a deal. On the other hand, if you're a landlord, February is likely to be the most lucrative month. In terms of competition, it's essential to be prepared during the peak season, as the difference in demand and inventory can significantly impact the rental experience.

Why Kenwood, Chicago is a great place to live

Kenwood stands out as a top choice for renters prioritizing environmental sustainability and social living. According to 2024 data, the neighborhood's focus on eco-friendly features such as non-toxic paint, waste recycling, rainwater harvesting, and sustainable materials in construction make it an ideal spot for those seeking a green lifestyle. Additionally, its high walk score and access to parks and recreation areas further support environmentally conscious living. Kenwood's social scene is also thriving, thanks to its shared community spaces, diverse neighborhood age distribution, and reliable transit options, making it easy to connect with others and get around the city. Overall, Kenwood offers a unique blend of eco-friendliness and community engagement, making it an attractive option for like-minded renters.