Two-bedroom apartment rents continue to fall

Add comment September 10th, 2009

The average advertised rent for apartments in Boone and Winnebago counties declined for the seventh straight month in September.

The Register Star tracks rents by charting the advertisements in the Register Star on the first Sunday of each month.

The declines have been consistent throughout the area. Apartments ads for northeast Rockford properties peaked at $782 in December and were down to $708 in September. Southeast side apartments have fallen from $592 last November to $559. Belvidere asked rents are down from $675 last October to $606 and Roscoe/Rockton apartment ads were asking $749 last November but just $636 this September.

The average for nine areas peaked at $638 in November and were at $629 in February. The average in September was $581.