Ravenswood, IL
August 2026
60625,60640
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,690 – $1,868 | -1.36% | 7.90% |
| 2-Bedroom | $2,184 – $2,413 | -1.17% | 12.89% |
| 3-Bedroom | $2,630 – $2,937 | 1.10% | 7.68% |
| 4-Bedroom | $3,064 – $3,254 | -0.59% | 1.30% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,749 – $1,876 | -1.19% | 7.14% |
| 2-Bedroom | $2,268 – $2,433 | -0.07% | 9.91% |
| 3-Bedroom | $2,811 – $3,046 | -1.87% | 6.10% |
| 4-Bedroom | $3,356 – $3,563 | 3.68% | 2.82% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,711 – $1,799 | -4.75% | 1.90% |
| 2-Bedroom | $2,123 – $2,277 | -2.55% | 6.34% |
| 3-Bedroom | $2,399 – $2,557 | -11.94% | -5.44% |
| 4-Bedroom | $3,069 – $3,258 | 2.66% | 2.90% |
In the Ravenswood (60625, 60640) rental market, 1-bedroom apartments recorded an 8.92% year-over-year increase, pushing the median rent to $1,808. This substantial rise highlights growing demand for entry-level apartment units within Ravenswood (60625, 60640).
The median rent for 2-bedroom condos in Ravenswood (60625, 60640) rose 1.93% month-over-month to $2,346, while 2-bedroom apartments posted a 0.62% decrease to $2,332. This $14 gap shows condos now lead apartments in the two-bedroom segment.
Analysis of Ravenswood (60625, 60640) rental trends indicates that 3-bedroom single-family homes increased 4.34% month-over-month, reaching $2,832 and topping the 3-bedroom apartment median by $80. This suggests a preference shift toward larger single-family rentals.