Apartments for Rent in Portage Park, Chicago, IL

Portage Park, Chicago apartment availability

Portage Park's rental market offers a good selection of listings, with an average of 151 rentals available each month in 2024. The neighborhood's inventory is relatively balanced, with a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as studios. Many of these apartments feature desirable amenities, including hardwood floors, found in 67% of listings, and on-site laundry, available in 56% of rentals. Additionally, about half of the apartments in Portage Park allow small pets, making it a suitable option for renters with furry companions.

Portage Park, Chicago rental market trends

Portage Park's rental market saw a moderate increase of 3.65% last year, with the average monthly rent reaching $1,627. Breaking it down by bedroom count, 1-bedrooms averaged $1,304 per month, a 5.52% increase from the previous year. Meanwhile, 2-bedrooms and 3-bedrooms saw average rents of $1,674 and $2,167, respectively, with year-over-year increases of 5.7% and 6.1%. Studios, however, experienced a slight decrease of 0.99%, averaging $1,130 per month.

The rental market in Portage Park tends to fluctuate throughout the year. February typically sees the highest rents, while April offers the lowest. In fact, rents in February are about 12.35% higher than in April. If you're looking for a new apartment, consider searching during the spring, when prices are relatively lower. Keep in mind that the market can be competitive, especially during peak months, so be prepared to act quickly when you find the right place.

Why Portage Park, Chicago is a great place to live

Portage Park stands out as a top choice for renters prioritizing environmental sustainability and a vibrant social life.

The neighborhood's commitment to sustainability is evident in its widespread adoption of eco-friendly practices, including the use of non-toxic paint, waste recycling and composting programs, and rainwater harvesting systems. Many buildings also incorporate sustainable materials in their construction and feature low-flow fixtures, reducing the community's overall environmental footprint. Community solar projects further underscore the neighborhood's dedication to renewable energy.

Meanwhile, Portage Park's social scene thrives due to its excellent walk score, well-maintained street infrastructure, and diverse neighborhood age distribution. Frequent transit options and a strong emphasis on safety make it easy for residents to get out and enjoy all the area has to offer. Whether you're looking for a community that shares your passion for the environment or a lively social atmosphere, Portage Park is an excellent fit.