Highpoint at 8000 North
8000 Lincoln Ave,
Skokie, IL 60077
Studio - 2 Beds | $2,029 - $8,230
Rental Market Trends in Morton Grove, IL
What is the average rent in Morton Grove, IL?
$2,229/month
Average Rent
789 Sq Ft
Average Apartment Size
-0.2%
Decrease in the Last Year
As of December 2024, the average rent in Morton Grove, IL is $2,229 per month. This is 43% higher than the national average rent price of $1,560/month, making Morton Grove one of the most expensive cities in the US. When you rent an apartment in Morton Grove, you can expect to pay about $1,855 per month for a studio, $2,229 for a one-bedroom apartment, and around $4,363 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Morton Grove, IL?
In the past year, rent has decreased by 0.2%, which averages out to $5 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Morton Grove, IL
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
25%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
75%
Above $2,000/month
What salary do I need to live comfortably in Morton Grove, IL?
Because the average rent in Morton Grove is $2,229, you’ll want to make about $7,430 per month or $89,160 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Morton Grove, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Morton Grove, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.