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Rental Market Trends in Wheeling, IL

What is the average rent in Wheeling, IL?

$1,805/month

Average Rent

752 Sq Ft

Average Apartment Size

+1.6%

Increase in the Last Year

As of March 2026, the average rent in Wheeling, IL is $1,805 per month. For comparison, the national average rent price in the US is currently $1,626/month, which means Wheeling rent prices are 11% higher than the national average. When you rent an apartment in Wheeling, you can expect to pay about $2,581 per month for a studio, $1,805 for a one-bedroom apartment, and around $2,086 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,743 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$2,581/month
388 Sq Ft
One Bedroom
$1,805/month
752 Sq Ft
Two Bedroom
$2,086/month
996 Sq Ft
Three Bedroom
$2,743/month
1,332 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,400/month
1,268 Sq Ft
Three Bedroom
$3,249/month
1,657 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,507/month
620 Sq Ft
Two Bedroom
$2,088/month
1,175 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,296/month
954 Sq Ft
Three Bedroom
$3,445/month
2,127 Sq Ft

How much has average rent changed in Wheeling, IL?

In the past year, rent has increased by 1.6%, which averages out to $29 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Wheeling, IL
Last Updated March 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Wheeling, IL
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
29% $1,001 - $1,500/month
41% $1,501 - $2,000/month
29% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Wheeling?

Based on current rent prices, The Arlington Club is the most affordable neighborhood in Wheeling.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
The Arlington Club
$2,019/month
806 Sq Ft

What are the most expensive neighborhoods in Wheeling?

Based on current rent prices, The Arlington Club is the most expensive neighborhood in Wheeling.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
The Arlington Club
$2,019/month
806 Sq Ft

Which Wheeling neighborhoods have the most rentals available?

The neighborhood in Wheeling with the most apartments available is The Arlington Club .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
The Arlington Club
$2,019/month
806 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Wheeling, IL?

Because the average rent in Wheeling is $1,805, you’ll want to make about $6,016 per month or $72,192 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.

City

Wheeling, IL

419 Available Apartments for Rent

Search for Nearby Apartments

How does Wheeling, IL compare to other nearby cities and neighborhoods?

Use the tool below to compare Wheeling, 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.

Explore the Area Guide for Wheeling, IL

Apartment Averages

The Arlington Club

Wheeling, IL

The Arlington Club

Wheeling, IL

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

  • Prospect Heights Average Rent
  • Buffalo Grove Average Rent
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  • Northbrook Average Rent
  • Deerfield Average Rent
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Apartment communities in Wheeling we think you'll love

Northgate Crossing of Wheeling

Northgate Crossing of Wheeling

200 Hudson Ct,
Wheeling, IL 60090

$1,850 - $4,264

1-3 Beds

ReNew Lake Arlington

ReNew Lake Arlington

850 Corey Ln,
Wheeling, IL 60090

$1,499 - $2,719

1-2 Beds

Lake+House Apartments

Lake+House Apartments

333 Wood Creek Rd,
Wheeling, IL 60090

$1,675 - $5,344

1-3 Beds

The 250 Residences

The 250 Residences

250 McHenry Rd,
Buffalo Grove, IL 60089

$1,875 - $4,550

1-3 Beds

Property Management Companies in Wheeling, IL

Willow Bridge
Willow Bridge
  • 714

    Communities

  • 198,723

    Units

  • 339

    Cities

1 Community in Wheeling
RPM
RPM
  • 621

    Communities

  • 172,880

    Units

  • 246

    Cities

1 Community in Wheeling
BH
BH
  • 293

    Communities

  • 86,164

    Units

  • 169

    Cities

1 Community in Wheeling
Village Green
Village Green
  • 163

    Communities

  • 33,387

    Units

  • 94

    Cities

1 Community in Wheeling
FPA Multifamily LLC
FPA Multifamily LLC
  • 84

    Communities

  • 17,112

    Units

  • 63

    Cities

1 Community in Wheeling
Oakbrook Corporation
Oakbrook Corporation
  • 53

    Communities

  • 5,085

    Units

  • 31

    Cities

1 Community in Wheeling
Ludwig and Company
Ludwig and Company
  • 26

    Communities

  • 3,332

    Units

  • 22

    Cities

1 Community in Wheeling
GoldOller Real Estate Investments
GoldOller Real Estate Investments
  • 31

    Communities

  • 12,517

    Units

  • 21

    Cities

1 Community in Wheeling

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United States Illinois Wheeling Rental Trends

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 February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity