State of Rental

This release of the State of Rental Housing in the City of Chicago updates key data on changing rental demand, the supply of rental housing, and how these dynamics affect access to affordable rental housing for Chicago's lowest income households.

The newest release of the State of Rental Housing in Cook County updates key data on changing rental demand, the supply of rental housing, and how these dynamics affect access to affordable rental housing for Cook County's lowest income households.

The newest release of the State of Rental Housing in Cook County updates key data on changing rental demand, the supply of rental housing, and how these dynamics affect access to affordable rental housing for Cook County's lowest income households.

The newest release of the State of Rental Housing in Cook County updates key data on changing rental demand, the supply of rental housing, and how these dynamics are affecting access to affordable rental housing for Cook County's lowest income households.

This release of the State of Rental Housing in Cook County updates key data on changing rental demand, the supply of rental housing, and how these dynamics are affecting access to affordable rental housing for Cook County's lowest income households.

This release of the State of Rental Housing in Cook County updates key data on changing rental demand, the supply of rental housing, and how these dynamics are affecting access to affordable rental housing for Cook County's lowest income households. The report focuses on conditions in 2014, roughly two years into Cook County's housing market recovery, and compares data to pre-recession conditions in 2007 and conditions during the recession in 2011.

In the wake of the housing crisis, the need for a sufficient supply of quality, affordable, and stable rental housing has become increasingly important. The newest release of The State of Rental Housing in Cook County examines shifting patterns of renter and owner occupancy in Cook County from 2000 to 2011 with a focus on the period from 2007 to 2011. It looks at shifts in rental demand in Cook County, the changing nature of the supply of rental housing, and how these dynamics are impacting access to affordable rental housing for the lowest-income households.

This report examines how changes in the housing market over the last decade have affected renters and, in particular, access to affordable rental housing in Cook County.

As of 2005, there were approximately 2 million housing units in Cook County, and 835,000 of these were rentals. Of these, only 353,000 are considered “affordable”—renting for less than $750 per month.1 Moreover, the stock of affordable rental units is projected to fall by an additional 38,000 units by 2020 while demand for such units will increase by 34,000. In this report, we document the state of rental housing in Cook County—the first time this information has been put together in one place. We also present a forecast of both the supply of and demand for affordable rental housing that is likely to exist in the year 2020.