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Apartments in Buffalo Grove

1 - 4 of 4 Results
48
$1,589
Chicago - Buffalo Grove - Deerfield
1525 Busch Pkwy Buffalo Grove, IL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
6
$2,500
650 Le Parc Cir Unit 650
Buffalo Grove, IL
3 BR | Available Now
Contact
Dishwasher
McHenry Road
8
$1,580 - 1,785
Buffalo Creek Apartments
70 Buffalo Grove Rd S Buffalo Grove, IL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
18
$1,750 - 2,995
301 Riverwalk Place
Deal
301 North Riverwalk Drive Buffalo Grove, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
1 - 4 of 4 Results
  1. Home
  2. Chicago Area Apartments
  3. Buffalo Grove

How much does it cost to rent an apartment in Buffalo Grove?

Buffalo Grove Apartments
Bed Type Average Rent Range
1BR $1,930 $1,750 - $2,150
2BR $1,770 $1,580 - $2,900
3BR $2,500 $2,500 - $2,500
Frequently Asked Questions

How many apartments are available in Buffalo Grove, IL on Rentable.co?

Rentable.co has over 423 apartments available in Buffalo Grove.

What is the average rent for a one-bedroom apartment in Buffalo Grove, IL?

The average rent for a one-bedroom apartment in Buffalo Grove is around $1,930 per month.

What is the average rent for a two-bedroom apartment in Buffalo Grove, IL?

The average rent for a two-bedroom apartment in Buffalo Grove is around $1,770 per month.

How expensive is it to rent an apartment in Buffalo Grove, IL?

For a two-bedroom apartment in Buffalo Grove, the average rent price is $1,770 per month, which is higher than the national average of $1,620 per month.

Can I afford an apartment for rent in Buffalo Grove, IL?

Based on average rent prices in Buffalo Grove, to afford a one-bedroom apartment you would need an annual household income of $77,000 to live comfortably.

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Buffalo Grove:
May Rent Report

Welcome to the May 2024 Buffalo Grove Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Buffalo Grove rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Buffalo Grove 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 Buffalo Grove average rent prices in the chart below.

Monthly Rent Report

$2,100
$1,580
$1,050
$530
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Buffalo Grove Rent Prices Decrease From April to May

Buffalo Grove rent prices decreased over the last month. From April to May, the city experienced a -1.09% decrease for the price of a one-bedroom apartment. The rent price for a Buffalo Grove one-bedroom apartments currently stands at $1,990.0.

When we take a look at the two-bedroom comparison from April to May, Buffalo Grove experienced a 0.0% decrease for the price of a two-bedroom apartment. The rent price for a Buffalo Grove two-bedroom apartments currently stands at $1,687.0.

May Prices: Buffalo Grove vs. Surrounding Areas

Rent Prices in Buffalo Grove and Surrounding Areas

Rent prices have decreased in Buffalo Grove over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Buffalo Grove suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Buffalo Grove suburbs

  • Rents did not decrease in any of the Buffalo Grove suburbs.

May 2024 Pricing Trends: Buffalo Grove vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Buffalo Grove Rent Prices More Affordable Than Major Cities

Rent growth in Buffalo Grove over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Buffalo Grove average rent prices appear to be relatively affordable for local residents.

The price for a Buffalo Grove 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.

For more information about Buffalo Grove and surrounding area rent prices, take a look at the complete data set below.

Data set for Buffalo Grove and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable 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.

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