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Rental Market Trends in Wheeling, IL

What is the average rent in Wheeling, IL?

$1,793/month

Average Rent

751 Sq Ft

Average Apartment Size

+0.2%

Increase in the Last Year

As of April 2026, the average rent in Wheeling, IL is $1,793 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means Wheeling rent prices are 9% higher than the national average. When you rent an apartment in Wheeling, you can expect to pay about $2,596 per month for a studio, $1,793 for a one-bedroom apartment, and around $2,109 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,713 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$2,596/month
388 Sq Ft
One Bedroom
$1,793/month
751 Sq Ft
Two Bedroom
$2,109/month
996 Sq Ft
Three Bedroom
$2,713/month
1,332 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,342/month
1,187 Sq Ft
Three Bedroom
$3,038/month
1,314 Sq Ft
Four Bedroom
$3,850/month
1,949 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,960/month
962 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,471/month
1,273 Sq Ft
Three Bedroom
$3,210/month
1,893 Sq Ft

How much has average rent changed in Wheeling, IL?

In the past year, rent has increased by 0.2%, which averages out to $3 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Wheeling, IL
Last Updated April 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
47% $1,501 - $2,000/month
24% 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, Lexington Commons, Cedar Run Condominiums and The Arlington Club are the most affordable neighborhoods in Wheeling.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lexington Commons
$1,636/month
709 Sq Ft
Cedar Run Condominiums
$1,636/month
709 Sq Ft
The Arlington Club
$1,950/month
770 Sq Ft

What are the most expensive neighborhoods in Wheeling?

Based on current rent prices, The Arlington Club, Lexington Commons and Cedar Run Condominiums are the most expensive neighborhoods in Wheeling.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
The Arlington Club
$1,950/month
770 Sq Ft
Lexington Commons
$1,636/month
709 Sq Ft
Cedar Run Condominiums
$1,636/month
709 Sq Ft

Which Wheeling neighborhoods have the most rentals available?

The neighborhoods in Wheeling with the most apartments available are The Arlington Club, Lexington Commons and Cedar Run Condominiums .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
The Arlington Club
$1,950/month
770 Sq Ft
Lexington Commons
$1,636/month
709 Sq Ft
Cedar Run Condominiums
$1,636/month
709 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 $1,793, you’ll want to make about $5,976 per month or $71,712 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

408 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

Lexington Commons

Wheeling, IL

The Arlington Club

Wheeling, IL

Studio
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-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
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Nearby City Rent Trends

  • Prospect Heights Average Rent
  • Buffalo Grove Average Rent
  • Arlington Heights Average Rent
  • Mount Prospect Average Rent
  • Lincolnshire Average Rent

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 - $3,740

1-3 Beds

ReNew Lake Arlington

ReNew Lake Arlington

850 Corey Ln,
Wheeling, IL 60090

$1,599 - $2,679

1-2 Beds

Lake+House Apartments

Lake+House Apartments

333 Wood Creek Rd,
Wheeling, IL 60090

$1,699 - $3,800

1-3 Beds

The 250 Residences

The 250 Residences

250 McHenry Rd,
Buffalo Grove, IL 60089

$2,079 - $4,322

1-3 Beds

Property Management Companies in Wheeling, IL

Willow Bridge
Willow Bridge
  • 717

    Communities

  • 198,510

    Units

  • 340

    Cities

1 Community in Wheeling
RPM
RPM
  • 651

    Communities

  • 179,330

    Units

  • 257

    Cities

1 Community in Wheeling
BH
BH
  • 272

    Communities

  • 83,796

    Units

  • 157

    Cities

1 Community in Wheeling
Village Green
Village Green
  • 162

    Communities

  • 33,189

    Units

  • 92

    Cities

1 Community in Wheeling
FPA Multifamily LLC
FPA Multifamily LLC
  • 89

    Communities

  • 18,182

    Units

  • 65

    Cities

1 Community in Wheeling
Oakbrook Corporation
Oakbrook Corporation
  • 54

    Communities

  • 5,231

    Units

  • 31

    Cities

1 Community in Wheeling
Ludwig and Company
Ludwig and Company
  • 28

    Communities

  • 3,546

    Units

  • 23

    Cities

1 Community in Wheeling
GoldOller Real Estate Investments
GoldOller Real Estate Investments
  • 36

    Communities

  • 14,563

    Units

  • 22

    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.

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.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity