Evanston, IL
August 2026
60201,60202
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,600 – $1,768 | 0.72% | -1.87% |
| 2-Bedroom | $2,113 – $2,335 | -0.60% | 5.80% |
| 3-Bedroom | $2,727 – $3,026 | 1.75% | 4.24% |
| 4-Bedroom | $2,896 – $3,213 | -0.02% | -3.80% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,927 – $2,026 | -1.60% | -0.20% |
| 2-Bedroom | $2,240 – $2,354 | -2.52% | 2.67% |
| 3-Bedroom | $2,928 – $3,109 | 3.31% | 1.63% |
| 4-Bedroom | $3,338 – $3,545 | 0.16% | 2.23% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,616 – $1,733 | -3.34% | -7.81% |
| 2-Bedroom | $2,082 – $2,189 | -0.24% | 1.60% |
| 3-Bedroom | $2,670 – $2,875 | -1.92% | 4.87% |
| 4-Bedroom | $3,093 – $3,284 | 1.78% | 2.91% |
In the Evanston (60201, 60202) rental market, 2-bedroom apartments hit a median rent of $2,211 for July 2026, marking a 7.67% increase year-over-year. Month-over-month, rents in this segment improved by 2.28%, making it a standout for annual and short-term growth among apartment types in Evanston (60201, 60202).
Median rent for 3-bedroom single-family homes in Evanston (60201, 60202) reached $2,836, with a month-over-month increase of 6.48%. Compared to 3BR apartments, which rose 4.43% MoM to $2,806, single-family homes demonstrated stronger near-term growth in this segment.
Recent Evanston (60201, 60202) rental trends show 1-bedroom apartment rents dropped 2.99% month-over-month to $1,674, while condo/townhome rents for the same segment increased 1.56% MoM to $2,058. This contrast highlights weakening demand for entry-level apartments relative to condos in the area.