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City Report · IL

Niles

Pop. 30,064·30th most expensive in Illinois·Rental market data updated monthly for Niles, IL
Median rent (all units)
$2,329/mo
Year-over-Year
Stable
Month-over-Month
+7.8%
vs US Median
+$367
Rising (Monthly)
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Most AffordableMost Expensive
Niles · $2,329
More expensive than 73% of US cities · National median $1,962/mo
Affordability
37% of income
MODERATE
0%30% benchmark60%+

At $2,329/mo, rent takes about 37% of the local median household income, slightly above the 30% benchmark.

Income to afford
$93,000/yr
Local median income
$75,274/yr
Based on the 30%-of-income rule using Niles's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,320
1 BR
$1,410
2 BR
$1,590
3 BR
$2,040
4 BR+
$2,400
Fair Market Rent (HUD)
$1,590/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,329 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$27,948/yr
At $2,329/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, +7.8% MoM), not inventory.
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Demographics

Who lives here

Niles, IL is majority owner-occupied, has a large retiree population, 39.3% of residents hold a bachelor's degree or higher.

Population
30,064
Median income
$75,274
Median age
48.2
Renters
25.4%
Age distribution
17.6%
15.8%
24.2%
13.8%
28.5%
Under 1817.6%
18–3415.8%
35–5424.2%
55–6413.8%
65+28.5%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
64.7%
13.3%
20.4%
White64.7%
Black2.3%
Hispanic13.3%
Asian20.4%
Education (25+)
24.2%
24.8%
39.3%
No HS diploma11.7%
HS diploma24.2%
Some college24.8%
Bachelor's+39.3%
Housing tenure
74.6%
25.4%
Owner74.6%
Renter25.4%

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

2021 vs 2026

How Niles, IL has changed in 5 years

Income
$69,081 → $75,274
up 9.0%
Population
30,971 → 30,064
down 2.9%
Renter share
23.7% → 25.4%
+1.7 pts
Bachelor's+
37.6% → 39.3%
+1.7 pts
Median age
46.8 → 48.2
+1.4 yrs

On the earnings side, the typical household in Niles, IL now reports about $75,274, up from $69,081 in 2021. The population has contracted by 2.9% since 2021, moving from about 30,971 residents to roughly 30,064. Renters now make up 25.4% of households, compared with 23.7% five years ago.

Community

Discussions about Niles

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

Can you afford rent in Niles on your salary?

At $2,329/mo, how Niles rent compares to typical pay (30% rule).

By apartment size

Niles rent by bedroom count

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

Local insights

Tips for renters in Niles

About renting in Niles, IL

Last updated: August 17, 2026

The median rent in Niles is $2,329/mo as of August 2026. A studio apartment averages $1,320/mo while a 2-bedroom runs $1,590/mo. One-bedroom apartments average $1,410/mo and 3-bedroom units go for $2,040/mo.

At 37% of local median household income ($75,274/yr), Niles ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Niles an affordable city for renters?

Niles is considered moderate for renters. At $2,329/mo, rent takes approximately 37% of the local median household income ($75,274/yr). The standard benchmark is 30%. Niles slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Niles?

To keep rent at or below 30% of gross income, you would need to earn at least $93,000/year (~$45/hour full-time) to afford the median rent of $2,329/mo in Niles. The local median household income is $75,274/yr, meaning the typical Niles household falls short of that threshold.

Is rent going up or down in Niles?

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

How does Niles rent compare to other cities in Illinois?

Niles is one of the pricier cities in Illinois for rent, ranking #30 out of 142 tracked cities at $2,329/mo.

Which nearby cities are cheaper to rent in than Niles?

Several nearby cities have lower median rents than Niles ($2,329/mo): Des Plaines ($2,108/mo), Skokie ($2,132/mo).

What percentage of Niles residents rent vs. own?

According to Census data, approximately 25.4% of Niles households are renters, while 74.6% are owner-occupied. Niles leans toward homeownership, which can mean a smaller rental inventory.

How does Niles rent compare to the national average?

Niles's median rent of $2,329/mo is $367 (19%) above the US national median of $1,962/mo. Within Illinois, it ranks #30 out of 142 tracked cities.
Income Affordability
37%
MODERATE

At $2,329/mo, rent takes ~37% of Niles's median household income ($75,274/yr). The standard benchmark is 30%.

Niles 37%Benchmark 30%
State income tax4.95%
Run the Niles affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Niles, IL

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