The real estate website Zumper.com says the median rent for a one bedroom apartment in Evanston continued to decline last month, to $1,410.
That was a drop of 0.7 percent from the rate in February and a 2.1 percent decline from the fourth quarter last year.
But that left Evanston unchnaged at the seventh most expensive rental neighobrhood on Zumper’s list, which covers Evanston and 29 Chicago city neighborhoods, but not any other suburban communities.
The one-bedroom median rental rate in Evanston was substantially lower that the $1,760 median for all the Chicago neighborhoods covered in the report.
Meanwhile the median rent for two bedroom apartments in Evanston continued to rise — up 3.6 percent last month to $1,750, which was an increase of 9.4 percent since last quarter.
That, too, was substantially lower than the $2,370 listed as the median rate for two bedroom apartments across all the Chicago neighborhoods included in the report.
Zumper, which currently has 74 apartment rental listings in Evanston and thousands in Chicago, tends to have mainly listings in large, newer developments, which may skew its average rental rate figures
The Zumper report says the Chicago area was the seventh most expensive city for rentals among the 50 largest U.S. cities included in the report — trailing New York, Boston, Washington D.C. and three communities in the San Francisco bay area.
Detroit, Tucson, Ariz., and Wichita, Kan. were the least expensive cities. A one bedroom in Wichita, Zumper says, can be had for a median rental rate of $490 a month.
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Median one-bedroom rent here dropped last month (3/5/15)