Lakes Apartments
13300 S Indiana Ave,
Chicago, IL 60827
2-4 Beds | $1,140 - $1,540
Rental Market Trends in Riverdale, IL
What is the average rent in Riverdale, IL?
$842/month
Average Rent
601 Sq Ft
Average Apartment Size
-1.2%
Decrease in the Last Year
As of December 2024, the average rent in Riverdale, IL is $842 per month. This is 46% lower than the national average rent of $1,560/month, making renting in Riverdale more affordable than most cities in the US. When you rent an apartment in Riverdale, you can expect to pay about $699 per month for a studio, $842 for a one-bedroom apartment, and around $996 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,358 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 Riverdale, IL?
In the past year, rent has decreased by 1.2%, which averages out to $9 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 Riverdale, IL
Last Updated December 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
5%
Below $700/month
59%
$700 - $1,000/month
35%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Riverdale, IL?
Because the average rent in Riverdale is $842, you’ll want to make about $2,806 per month or $33,672 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 Riverdale, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Riverdale, 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.
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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.