Themed Bars and Family-Friendly Dining in Chicago’s Bucktown
If you’re looking for trendy, check out Bucktown. This nicely affordable community is just a smidge north of downtown. It’s outlined by the Chicago River-- turned green on St. Patrick’s Day--and I-94 (the Kennedy Expressway) goes straight through Bucktown. As you’ll find in most of the Chicago area, public transportation is ubiquitous, and there is abundant nightlife. Local grocery shoppers love places like Mariano’s, and unlike some other Chicago neighborhoods, there are at least three very nice public park areas. Chicago’s public transportation is epitomized by elevated rail or “The L,” and there is a trail called The Bloomindale that traverses almost three miles of an unused elevated train line. Renters love the area because of the great mix of charter and public schools.
Bucktown is large with a population of over 200,000 crammed into just over three-square miles. The 65 and older set make up only 10 % of the total population while 32% of the residents are single. Only a bit less than 20% of Bucktown’s inhabitants are under 18, and 50% are between 18 and 39. If you want a big home, this is the place for you. A 2000 square foot home goes for close to $400,000, but the majority of area homes are older—most constructed before 1950. There are a wide range of rentals available up to $1500 or more.
If you're not sure how much an apartment will cost, the table below shows the average price by size.
Foodies really enjoy Bucktown. If you’re one of them, try a burger from Floyd’s Pub or some of the famous BBQ pork steamed buns at the Bento Box. If you’re looking for a fancier menu, try the exemplary French bistro food at Le Bouchon. Finally, if fine dining is your thing, get a reservation at The Bristol. If wine is your passion, check out Red & White. Chicagoans love beer, and the Map Room is a Bucktown favorite with nearly 30 proprietary beers and over 100 bottled cervezas.
Welcome to the May 2020 Chicago Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the May 2020 key findings and figures for the Chicago rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Chicago and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Chicago rent prices in the chart below.
Chicago rent prices decreased over the last month. From April to May, the city experienced a -0.95% decrease for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,768.0.
When we take a look at the two-bedroom comparison from April to May, Chicago experienced a -1.51% decrease for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,023.0.
Rent prices have decreased in Chicago over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Chicago suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Evanston, IL, Lombard, IL, Schaumburg, IL, Hoffman Estates, IL .
Rent decreased in Oak Park, IL, Naperville, IL, Arlington Heights, IL.
7 suburbs are currently priced lower than the city of Chicago.
Rent growth in Chicago over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Chicago rent prices appear to be relatively affordable for local residents.
The price for a Chicago one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of ABODO's May 2020 National Apartment Report and data set here.
For more information about Chicago and surrounding area rent prices, take a look at the complete data set below.
|1 BR May||1 BR M/M % Change||2 BR May||2 BR M/M % Change|
|Oak Park, IL||$1,203.0||-2.91%||$1,719.0||-0.69%|
|Hoffman Estates, IL||$1,322.0||0.15%||$1,545.0||-0.39%|
|Arlington Heights, IL||$1,187.0||-7.34%||$1,447.0||-2.56%|
Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.