The Most and Least Expensive Areas to Rent in Park Ridge, IL

Park Ridge renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.

 

Park Ridge, IL of rent costs by neighborhood
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Rental Price Key

High-end
Mid-tier
Most affordable

On average, the cost of rent in Park Ridge is about $1,633 per month. This puts it in the 96th percentile compared to the state average cost of rent, which is $1,235. Households in Park Ridge have a median income of $10,934 per month so the average renter in Park Ridge is spending roughly 15% of their earnings on housing.

Nationally, and in Park Ridge, home values are the data point most closely correlated with the cost of rent. The median price of a home in Park Ridge is $471,788 right now, which is higher than nearby cities, meaning that rents in Park Ridge also tend to be higher versus these nearby cities.

Higher rent prices are common in the eastern parts of Park Ridge while lower rent rates are often available in southeastern areas.

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