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Apartments in Michael Lane Area Addison

1 - 7 of 7 Results
$2,339
Chicago - Elmhurst -O'Hare
550 W Grand Ave Elmhurst, IL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
1
$1,549
Prairie View
220 E North Ave Addison, IL
1 BR | Available Now
Contact
Cat Friendly
Storage
Disability Access
Michael Lane Area
7
$1,499 - 1,599
Salt Creek Apartments
125 S Villa Ave Addison, IL
1 BR | Jul. 1, 2026
Contact
Dog Friendly
Cat Friendly
Section 8
Storage
Disability Access
1
$1,485
331 339 Fullerton Ave
Addison, IL
1 BR | Jun. 14, 2026
Contact
Cat Friendly
Storage
Disability Access
16
$2,100
Beauty For Rent!!
642 E Le Moyne Ave Lombard, IL
4 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
12
$3,700
473 Highview Ave
Elmhurst, IL
3 BR | Jun. 12, 2026
Contact
Dog Friendly
Cat Friendly
House
Storage
Dishwasher
17
$1,699 - 2,100
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 - 7 of 7 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 $1,574 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 126 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 $1,550 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 $2,300 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 $2,300 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 $62,000 to live comfortably.

Addison:
May Rent Report

Welcome to the May 2026 Addison Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 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

$2,150
$1,610
$1,080
$540
$0
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
Apr. 2026
May. 2026
1 BR       2 BR

Addison Rent Prices Decrease From April to May

Addison rent prices decreased over the last month. From April to May, 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 April to May, 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 $.

May 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.

May 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 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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