Chicago, IL Rental Market Trends
What is the average rent in Chicago?
The average rent for an apartment in Chicago is $2,206. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Chicago, IL
Average Rent | Average Apartment Size |
---|---|
$2,206 | 750 sq. ft. |
What is the average apartment size in Chicago?
The average size for a Chicago, IL apartment is 750 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Chicago, IL Apartment Rent Ranges
Chicago, IL Occupied Housing Units
590,848 or 55% of the households in Chicago, IL are renter-occupied while 490,295 or 45% are owner-occupied.
Chicago, IL Rent Trends
Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Mar / 2022 | Jul / 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|
$1,910 | $1,998 | $1,950 | $1,967 | $1,918 | $1,794 | $1,862 | $2,033 | $2,091 | $2,080 | $2,206 | |
$1,375 | $1,407 | $1,415 | $1,416 | $1,406 | $1,410 | $1,418 | $1,501 | $1,596 | $1,634 | $1,706 |
Average Rent in Chicago, IL By Neighborhood
Neighborhood | Average Rent |
---|---|
Streeterville | $2,970 |
Near East Side Chicago | $2,874 |
Dearborn Park | $2,848 |
Printer's Row | $2,848 |
River North | $2,848 |
River West | $2,821 |
Little Italy | $2,811 |
University Village | $2,811 |
Near West Side | $2,772 |
Near North Side Chicago | $2,763 |
Gold Coast | $2,729 |
Chicago Loop | $2,714 |
Noble Square | $2,707 |
Fulton River District | $2,677 |
West Loop | $2,620 |
Fulton Market | $2,605 |
Greektown | $2,605 |
East Village | $2,570 |
Ukrainian Village | $2,570 |
Wicker Park | $2,570 |
West Town | $2,543 |
Goose Island | $2,534 |
Cabrini - Green | $2,502 |
Old Town Chicago | $2,502 |
Downtown Chicago | $2,487 |
South Loop | $2,483 |
Bucktown | $2,257 |
Chicago Lawn | $2,196 |
Ford City | $2,196 |
Lithuanian Plaza | $2,196 |
Marquette Park | $2,196 |
West Elsdon | $2,196 |
West Lawn | $2,196 |
Lincoln Park | $2,150 |
Old Town Triangle | $2,150 |
Ranch Triangle | $2,150 |
Sheffield | $2,150 |
West DePaul | $2,150 |
Wrightwood | $2,150 |
Smith Park | $2,138 |
Humboldt Park | $2,119 |
Lathrop | $2,113 |
Belmont Gardens | $2,052 |
Cragin | $2,052 |
Galewood | $2,052 |
Hanson Park | $2,052 |
Hermosa | $2,052 |
Kelvin Park | $2,052 |
Belmont Central | $2,046 |
Park West | $1,992 |
Logan Square | $1,901 |
Palmer Square | $1,901 |
Roscoe Village | $1,858 |
Lakeview | $1,795 |
Wrigleyville | $1,795 |
Kenwood | $1,786 |
Belmont Heights | $1,765 |
Belmont Terrace | $1,765 |
Dunning | $1,765 |
Irving Woods | $1,765 |
Montclare | $1,765 |
Portage Park | $1,765 |
Schorsch Village | $1,765 |
Bronzeville | $1,706 |
Buena Park | $1,649 |
Graceland West | $1,649 |
South East Ravenswood | $1,649 |
East Hyde Park | $1,646 |
Hyde Park | $1,646 |
Washington Park | $1,646 |
Armour Square | $1,644 |
Chinatown | $1,644 |
Dearborn | $1,644 |
Groveland Park | $1,644 |
Lake Meadows | $1,644 |
Prairie District | $1,644 |
Prairie Shores | $1,644 |
South Commons | $1,644 |
The Gap | $1,644 |
North Center | $1,643 |
East Pilsen | $1,632 |
Bridgeport | $1,610 |
Tri-Taylor | $1,596 |
North Lawndale | $1,582 |
Gage Park | $1,565 |
Beverly Woods | $1,529 |
Kennedy Park | $1,529 |
Mount Greenwood | $1,529 |
Mount Greenwood Heights | $1,529 |
Tally's Corner | $1,529 |
West Beverly | $1,529 |
West Morgan Park | $1,529 |
Clarendon Park | $1,482 |
Forest Glen | $1,476 |
Gladstone Park | $1,476 |
Jefferson Park | $1,476 |
Mayfair | $1,476 |
North Mayfair | $1,476 |
River's Edge | $1,476 |
Sauganash | $1,476 |
Sauganash Woods | $1,476 |
Illinois Medical District | $1,474 |
East Garfield Park | $1,413 |
Lakewood - Balmoral | $1,371 |
Margate Park | $1,371 |
Sheridan Park | $1,371 |
Uptown Chicago | $1,371 |
O'Hare | $1,364 |
Big Oaks | $1,364 |
Oriole Park | $1,364 |
Schorsch Forest View | $1,364 |
Union Ridge | $1,364 |
Bowmanville | $1,363 |
Ravenswood | $1,363 |
Back of the Yards | $1,358 |
Canaryville | $1,358 |
Fuller Park | $1,358 |
Stateway Gardens | $1,358 |
Wentworth Gardens | $1,358 |
Andersonville | $1,338 |
Bryn Mawr Historic District | $1,338 |
Edgewater Beach | $1,338 |
West Rogers Park | $1,326 |
North Kenwood | $1,324 |
Oakland | $1,324 |
McKinley Park | $1,320 |
Rogers Park | $1,318 |
West Woodlawn | $1,309 |
Douglas Park | $1,289 |
Little Village | $1,289 |
Arcadia Terrace | $1,278 |
Hollywood Park | $1,278 |
Peterson Park | $1,278 |
Pulaski Park | $1,278 |
North Park | $1,275 |
Edgewater | $1,268 |
Edgewater Glen | $1,268 |
Magnolia Glen | $1,268 |
Greater Grand Crossing | $1,257 |
Park Manor | $1,257 |
Albany Park | $1,243 |
Budlong Woods | $1,243 |
Lincoln Square | $1,243 |
Ravenswood Gardens | $1,243 |
Ravenswood Manor | $1,243 |
Avondale | $1,213 |
Horner Park | $1,213 |
Irving Park | $1,213 |
Jackowo | $1,213 |
Saint Ben's | $1,213 |
The Villa | $1,213 |
Waclawowo | $1,213 |
Woodlawn | $1,196 |
Heart of Chicago | $1,184 |
Heart of Italy | $1,184 |
Pilsen | $1,184 |
Jackson Park Highlands | $1,114 |
South Shore | $1,114 |
Cottage Grove Heights | $960 |
Fernwood | $960 |
Longwood Manor | $960 |
Princeton Park | $960 |
Pullman | $960 |
Riverdale | $960 |
Roseland | $960 |
Rosemoor | $960 |
West Pullman | $960 |
Fifth City | $947 |
Homan Square | $947 |
West Garfield Park | $947 |
Englewood | $885 |
Austin | $831 |
Avalon Park | $782 |
Burnside | $782 |
Calumet Heights | $782 |
Chatham | $782 |
East Chatham | $782 |
Marynook | $782 |
West Chesterfield | $782 |
The Island | $724 |
What are the most affordable neighborhoods in Chicago?
The most affordable neighborhoods in Chicago are The Island, where the average rent goes for $724/month, Avalon Park, where renters pay $782/mo on average, and Burnside, where the average rent goes for $782/mo. If you’re looking for other great deals, check out the listings from Calumet Heights ($782), Chatham ($782), and East Chatham ($782), where the asking prices are below the average Chicago rent of $2,206/mo.
What are the most expensive neighborhoods in Chicago?
The most expensive neighborhoods in Chicago are River North ($2,848), Near East Side Chicago ($2,874) and Streeterville ($2,970).
What are the most popular neighborhoods in Chicago?
The most popular neighborhood in Chicago is Lakeview, where there are 186 verified RentCafe listings with an average rent of $1,795. Next up is Ravenswood, where apartments go for $1,363/month, followed by Hyde Park with $1,646 If you’re looking to rent in Chicago’s most popular neighborhoods, make sure to also check out Rogers Park, where renters pay $1,318 on average, and Bucktown, where the average monthly rent is $2,257.
Chicago | Rent Comparison by Neighborhood
Rent in Albany Park is 7% lower than in Andersonville
Albany Park rent is 44% lower than Chicago average
Average Rent | $1,243 |
---|
Andersonville rent is 39% lower than Chicago average
Average Rent | $1,338 |
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How Chicago Compares to Other Cities
City | Average Rent |
---|---|
Chicago | $2,206 |
Oak Park | $2,016 |
Evanston | $2,117 |
Aurora | $1,607 |
Naperville | $1,814 |
Skokie | $1,758 |
Waukegan | $1,129 |
Riverdale | $899 |
Dekalb | $971 |
Des Plaines | $1,608 |
Elgin | $1,409 |
Forest Park | $1,063 |
Calumet City | $1,001 |
Arlington Heights | $1,737 |
Hammond | $1,001 |
Schaumburg | $1,713 |
Bolingbrook | $1,814 |
Justice | $1,328 |
Alsip | $1,126 |
Blue Island | $922 |
Downers Grove | $1,801 |