Park 205 Apartments
205 W Touhy Ave,
Park Ridge, IL 60068
1-3 Beds | $2,633 - $4,158
Rental Market Trends in Park Ridge, IL
Updated July 2026
The average rent in Park Ridge, IL is $1,756/month.
Rent in Park Ridge is roughly equal to the national average rent of of $1,663/month.
$1,756/month
Average Rent
554 Sq Ft
Average Size
+4.7%
Change / Year
373
Available Apartments
Park Ridge rent varies by unit size and layout:
- Studio apartments in Park Ridge average $1,122 per month.
- One-bedroom apartments in Park Ridge average $1,756 per month.
- Two-bedroom apartments in Park Ridge average $2,494 per month.
- Three-bedroom apartments in Park Ridge average $3,069 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Park Ridge, IL?
In the past year, rent has increased by 4.7%, which averages out to $83 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Park Ridge, IL
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
18%
$700 - $1,000/month
45%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
36%
Above $2,000/month
What salary do I need to live comfortably in Park Ridge, IL?
Because the average rent in Park Ridge is $1,756, you’ll want to make about $5,853 per month or $70,236 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Park Ridge, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Park Ridge, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Park Ridge Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Park Ridge We Think You'll Love
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Park Ridge?
The average rent in Park Ridge is $1,756 per month, which is 5.6% higher than the national average of $1,663.
What is the average rent for a house in Park Ridge?
The average rent for a house in Park Ridge, IL is $3,020 per month.
What is the average rent for a condo in Park Ridge?
The average rent for a condo in Park Ridge, IL is $1,599 per month.
Are rents going up or down in Park Ridge?
Rents in Park Ridge, IL are increasing, with prices up 4.7% year-over-year and $83 more per month.
What rent range is most common in Park Ridge?
In Park Ridge, IL, 45% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.