Apartments for Rent in Washington Park, Chicago, IL

Washington Park, Chicago apartment availability

Washington Park's rental market offers a good selection of listings, with an average of around 92 rentals available each month. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, with the latter being the most prevalent. Many of these apartments offer desirable amenities, including hardwood floors, found in about 52% of rentals, and on-site laundry, available in around 42% of apartments. Additionally, about 27% of rentals in Washington Park are pet-friendly, making it a suitable option for renters with pets.

Washington Park, Chicago rental market trends

The Washington Park neighborhood in Chicago saw a slight decrease in average rent prices over the past year, with a 0.85% drop to $1,409 per month. Breaking it down by bedroom count, 1-bedrooms average $1,069 per month, a 1.01% decrease from the previous year. 2-bedrooms average $1,199 per month, a 5.83% decrease, while 3-bedrooms saw a 3.22% increase to $1,709 per month. Studios experienced a significant 81.21% increase to $1,336 per month.

In terms of seasonal fluctuations, November typically sees the highest rent prices, with a 22.3% increase compared to June, the month with the lowest rent prices. If you're looking for a new apartment, June may be a good time to find a deal. On the other hand, if you're looking to rent out a property, November may be the best time to capitalize on higher demand. It's worth noting that the rental market in Washington Park can be quite competitive, so it's essential to plan ahead and be prepared to act quickly when finding the right property.

Why Washington Park, Chicago is a great place to live

We've analyzed data from recent years to understand what makes Washington Park an attractive neighborhood for renters. Our findings suggest that this area excels in supporting social life and environmental sustainability.

The neighborhood's social scene thrives due to its excellent transit frequency, a diverse age distribution, well-maintained street infrastructure, high walk score, and strong safety record. These factors make it easy for residents to get out, explore, and connect with others.

Washington Park also shines in environmental sustainability, with a focus on eco-friendly features like non-toxic paint, ample parks and recreation spaces, waste recycling and composting programs, rainwater harvesting, community solar projects, low-flow fixtures, and sustainable building materials. The neighborhood's high walk score and transit score also contribute to its green credentials. If you prioritize a vibrant social life and a commitment to the environment, Washington Park is an excellent choice.