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Apartments in Michael Lane Area Addison

1 - 8 of 8 Results
39
$2,039
Chicago - Elmhurst -O'Hare
550 W Grand Ave Elmhurst, IL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
28
$1,399 - 1,499
Salt Creek Apartments
125 S Villa Ave Addison, IL
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Storage
Disability Access
1
$1,799
331 339 Fullerton Ave
Addison, IL
2 BR | Available Now
Contact
Cat Friendly
Storage
Disability Access
6
$2,750
1117 N Yale Ave
Villa Park, IL
3 BR | Available Now
Contact
House
17
$3,000
110 Homestead Dr
Wood Dale, IL
3 BR | Available Now
Contact
Dog Friendly
House
Balcony/Deck/Patio
Storage
7
$3,200
Itasca Rd Unit 125
Itasca, IL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
1
$1,495
Villa Garden Apartments On Villa Avenue In Villa Park
712 Villa Ave Villa Park, IL
1 BR | Dec. 13, 2025
Contact
Dog Friendly
Cat Friendly
Dishwasher
2
$1,699 - 2,300
Royal Grove Apartments
1100-1182 Grove Ave Bensenville, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
1 - 8 of 8 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 10 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 $1,499 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 $2,200 per month.

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

Rentable.co has over 111 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 $1,450 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 $2,500 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 $2,500 per month, which is higher than the national average of $1,640 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 $58,000 to live comfortably.

Addison:
December Rent Report

Welcome to the December 2025 Addison Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 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

$2,150
$1,610
$1,080
$540
$0
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
1 BR       2 BR

Addison Rent Prices Decrease From November to December

Addison rent prices decreased over the last month. From November to December, 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 November to December, 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 $.

December 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.

December 2025 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 December 1 BR M/M % Change 2 BR December 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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