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Rockford Apartments For Rent

Rockford is the third largest city in Illinois with a population of around 157,000 people and sitting at the heart of a larger metropolitan area of almost 340,000 people. Once the city was a major manufacturing center, but this mostly ended in the 1980s. Since then Rockford has been working to redefine itself and now relies heavily on tourism, especially from the westward expansion of the Greater Chicago metropolitan area.

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Featuring a number of high quality museums and attractions as well as an excellent park system, Rockford has steadily become more popular as an overnight or weekend destination for people from Chicago. The city is currently in the process of urban redevelopment with new residential and commercial real estate being developed as well as other attractions like a casino and convention center.

Almost forty percent of Rockford residents rent their homes and the overwhelming majority of these are at $600 per month or less. According to the U.S. Department of Housing and Urban Development (HUD), the 2010 Fair Market Rent for Rockford goes from $497 per month for a studio apartment to $956 for a four bedroom. The vast majority of residences in Rockford date from before 1990 and few new housing units to be developed since then have been higher end luxury developments. As the Greater Chicago metropolitan area continues to expand westward, it is expected that the number of housing units will continue to expand, especially apartments and higher end suburban homes.

At present, it takes about one hour to travel from Rockford to O'Hare International Airport, the second busiest airport in the United States, and about an hour and half to downtown Chicago. Nevertheless, Rockford still has a small town feel making it a popular place to live for many people that work in Chicago - especially in the western part of the metropolitan area - but who do not want to live there. Although it remains distinct today, Rockford's future is intimately ties to that of the Greater Chicago area, so it seems likely that it will also remain popular with developers setting up rental properties.