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Apartments in Michael Lane Area Addison

1 - 5 of 5 Results
35
$2,399
Chicago - Elmhurst -O'Hare
550 W Grand Ave Elmhurst, IL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
7
$1,499 - 1,599
Salt Creek Apartments
125 S Villa Ave Addison, IL
1 BR | Sep. 15, 2026
Contact
Dog Friendly
Cat Friendly
Section 8
Storage
Disability Access
1
$1,799
331 339 Fullerton Ave
Addison, IL
2 BR | Available Now
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Cat Friendly
Storage
Disability Access
Dishwasher
34
$1,200
843 Heritage Dr
Addison, IL
3 BR | Ask for Availability
Contact
17
$1,699 - 2,400
Royal Grove Apartments
1100-1182 Grove Ave Bensenville, IL
1 - 3 BR | Sep. 15, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
1 - 5 of 5 Results
  1. Home
  2. Chicago Area Apartments
  3. Addison
  4. Michael Lane Area
Frequently Asked Questions

How many apartments are available in Michael Lane Area on Rentable.co?

Rentable.co has over 5 apartments available near Michael Lane Area.

What is the average rent for a one-bedroom apartment in Michael Lane Area?

The average rent for a one-bedroom apartment near Michael Lane Area is around $1,649 per month.

What is the average rent for a two-bedroom apartment in Michael Lane Area?

The average rent for a two-bedroom apartment near Michael Lane Area is around $1,999 per month.

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

Rentable.co has over 132 apartments available in Addison.

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

The average rent for a one-bedroom apartment in Addison is around $1,600 per month.

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

The average rent for a two-bedroom apartment in Addison is around $2,050 per month.

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

For a two-bedroom apartment in Addison, the average rent price is $2,050 per month, which is higher than the national average of $1,630 per month.

Can I afford an apartment for rent in Addison, IL?

Based on average rent prices in Addison, to afford a one-bedroom apartment you would need an annual household income of $64,000 to live comfortably.

Addison:
August Rent Report

Welcome to the August 2026 Addison Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2026 key findings and figures for the Addison rental landscape.

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

Monthly Rent Report

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Aug. 2026
1 BR       2 BR

Addison Rent Prices Decrease From July to August

Addison rent prices decreased over the last month. From July to August, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Addison one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from July to August, Addison experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Addison two-bedroom apartments currently stands at $.

August Prices: Addison vs. Surrounding Areas

Rent Prices in Addison and Surrounding Areas

Rent prices have decreased in Addison 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 Addison 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 Addison suburbs

  • Rents did not decrease in any of the Addison suburbs.

August 2026 Pricing Trends: Addison vs. National Comparisons

Addison Rent Prices More Affordable Than Major Cities

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

The price for a Addison 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 Addison and surrounding area rent prices, take a look at the complete data set below.

Data set for Addison and suburbs

1 BR August 1 BR M/M % Change 2 BR August 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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