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City Report · IL

Addison

Pop. 35,489·76th most expensive in Illinois·Rental market data updated monthly for Addison, IL
Median rent (all units)
$1,853/mo
Year-over-Year
Stable
Month-over-Month
+9.9%
vs US Median
-$112
Rising (Monthly)
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Most AffordableMost Expensive
Addison · $1,853
More expensive than 50% of US cities · National median $1,965/mo
Affordability
25% of income
AFFORDABLE
0%30% benchmark60%+

At $1,853/mo, rent takes about 25% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$74,000/yr
Local median income
$90,431/yr
Based on the 30%-of-income rule using Addison's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,310
1 BR
$1,400
2 BR
$1,580
3 BR
$2,030
4 BR+
$2,380
Research median
$1,580/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$22,236/yr
At $1,853/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +9.9% MoM), not inventory.
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Demographics

Who lives here

Addison, IL is majority owner-occupied, has a median income above the national average, 23.7% of residents hold a bachelor's degree or higher.

Population
35,489
Median income
$90,431
Median age
40.8
Renters
33%
Age distribution
19.5%
23%
25.9%
14.7%
16.9%
Under 1819.5%
18–3423%
35–5425.9%
55–6414.7%
65+16.9%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
46.5%
46%
White46.5%
Black3.4%
Hispanic46%
Asian8.6%
Education (25+)
24.1%
30.7%
21.6%
23.7%
No HS diploma24.1%
HS diploma30.7%
Some college21.6%
Bachelor's+23.7%
Housing tenure
67%
33%
Owner67%
Renter33%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Addison, IL has changed in 5 years

Income
$75,960 → $90,431
up 19.1%
Population
35,999 → 35,489
down 1.4%
Renter share
35.2% → 33%
-2.2 pts
Bachelor's+
23.8% → 23.7%
-0.1 pts
Median age
37.9 → 40.8
+2.9 yrs

On the earnings side, the typical household in Addison, IL now reports about $90,431, up from $75,960 in 2021. The population has contracted by 1.4% since 2021, moving from about 35,999 residents to roughly 35,489. Renters now make up 33% of households, compared with 35.2% five years ago.

Community

Discussions about Addison

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View Addison rent history (2015–2026) →
Salary vs rent

Can you afford rent in Addison on your salary?

At $1,853/mo, how Addison rent compares to typical pay (30% rule).

By apartment size

Addison rent by bedroom count

Median rent for each apartment size in Addison. Click any size for full breakdown.

Local insights

Tips for renters in Addison

About renting in Addison, IL

Last updated: July 20, 2026

The median rent in Addison is $1,853/mo as of July 2026. A studio apartment averages $1,310/mo while a 2-bedroom runs $1,580/mo. One-bedroom apartments average $1,400/mo and 3-bedroom units go for $2,030/mo.

At 25% of local median household income ($90,431/yr), Addison ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Addison an affordable city for renters?

Addison is considered affordable for renters. At $1,853/mo, rent takes approximately 25% of the local median household income ($90,431/yr). The standard benchmark is 30%. Addison falls comfortably within that range.

How much income do you need to rent in Addison?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,853/mo in Addison. The local median household income is $90,431/yr, meaning the typical Addison household meets that threshold.

Is rent going up or down in Addison?

Rent in Addison has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Addison rent compare to other cities in Illinois?

Addison is middle-of-the-pack for Illinois for rent, ranking #76 out of 142 tracked cities at $1,853/mo.

What percentage of Addison residents rent vs. own?

According to Census data, approximately 33% of Addison households are renters, while 67% are owner-occupied. Addison leans toward homeownership, which can mean a smaller rental inventory.

How does Addison rent compare to the national average?

Addison's median rent of $1,853/mo is $112 (6%) below the US national median of $1,965/mo. Within Illinois, it ranks #76 out of 142 tracked cities.
Income Affordability
25%
AFFORDABLE

At $1,853/mo, rent takes ~25% of Addison's median household income ($90,431/yr). The standard benchmark is 30%.

Addison 25%Benchmark 30%
State income tax4.95%
Run the Addison affordability calculator →
Lowest-rent ZIP codes in Addison
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Addison, IL

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