Chicago, IL Rental Market Trends
What is the average rent in Chicago?
The average rent for an apartment in Chicago is $2,381. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Chicago, IL
Average Rent | Average Apartment Size |
---|---|
$2,381 | 747 sq. ft. |
What is the average apartment size in Chicago?
The average size for a Chicago, IL apartment is 747 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
624,368 or 54% of the households in Chicago, IL are renter-occupied while 522,179 or 46% are owner-occupied.
Chicago, IL rent trends

Average Rent in Chicago, IL By Neighborhood
City | Average Rent |
---|---|
Sheffield | $4,080 |
Wrightwood | $3,476 |
Fulton Market | $3,259 |
Downtown Chicago | $3,242 |
Greektown | $3,226 |
River North | $3,208 |
Streeterville | $3,166 |
Old Town Triangle | $3,077 |
Bucktown | $2,983 |
Near East Side Chicago | $2,976 |
Goose Island | $2,912 |
Chicago Loop | $2,875 |
Old Town Chicago | $2,837 |
River West | $2,828 |
Wicker Park | $2,821 |
Near North Side Chicago | $2,805 |
Near West Side | $2,794 |
Fulton River District | $2,770 |
East Village | $2,734 |
South Loop | $2,694 |
Tri-Taylor | $2,581 |
Gold Coast | $2,531 |
Printer's Row | $2,478 |
Cabrini - Green | $2,430 |
West Loop | $2,335 |
Lincoln Park | $2,241 |
Little Italy | $2,204 |
Logan Square | $2,136 |
Lakeview | $2,047 |
East Hyde Park | $1,923 |
Palmer Square | $1,891 |
Ravenswood | $1,880 |
Clarendon Park | $1,879 |
Kenwood | $1,834 |
Hyde Park | $1,770 |
Andersonville | $1,769 |
Park West | $1,769 |
Buena Park | $1,706 |
Stateway Gardens | $1,647 |
Uptown Chicago | $1,579 |
Bronzeville | $1,552 |
Bryn Mawr Historic District | $1,536 |
Oakland | $1,527 |
Woodlawn | $1,506 |
Margate Park | $1,487 |
West Rogers Park | $1,485 |
Rogers Park | $1,460 |
North Kenwood | $1,456 |
Edgewater Beach | $1,409 |
East Garfield Park | $1,404 |
Sheridan Park | $1,362 |
Edgewater | $1,322 |
Englewood | $1,300 |
South Shore | $1,263 |
Budlong Woods | $1,253 |
Washington Park | $1,164 |
Jackson Park Highlands | $1,053 |
Austin | $844 |
What are the most affordable neighborhoods in Chicago?
The most affordable neighborhoods in Chicago are Austin, where the average rent goes for $844/month, Jackson Park Highlands, where renters pay $1,053/mo on average, and Washington Park, where the average rent goes for $1,164/mo. If you’re looking for other great deals, check out the listings from Budlong Woods ($1,253), South Shore ($1,263), and Englewood ($1,300), where the asking prices are below the average Chicago rent of $2,381/mo.
What are the most expensive neighborhoods in Chicago?
The most expensive neighborhoods in Chicago are Fulton Market ($3,259), Wrightwood ($3,476) and Sheffield ($4,080).
What are the most popular neighborhoods in Chicago?
The most popular neighborhood in Chicago is Lakeview, where there are 201 listings with an average rent of $2,047. Next up is Rogers Park, where apartments go for $1,460/month, followed by Edgewater Beach with $1,409 If you’re looking to rent in Chicago’s most popular neighborhoods, make sure to also check out Lincoln Park, where renters pay $2,241 on average, and Bucktown, where the average monthly rent is $2,983.
Chicago | Rent Comparison by Neighborhood
Rent in Andersonville is 110% higher than in Austin
Andersonville rent is 26% lower than Chicago average
Austin rent is 65% lower than Chicago average
How Chicago Compares to Other Cities
State | Average Rent |
---|---|
Chicago | $2,381 |
Oak Park | $2,185 |
Evanston | $2,579 |
Rockford | $1,208 |
Aurora | $1,801 |
Naperville | $2,079 |
Champaign | $1,624 |
Skokie | $2,034 |
Waukegan | $1,349 |
Dekalb | $1,086 |
Lisle | $1,853 |
La Grange, IL | $2,088 |
Justice, IL | $1,367 |
Oak Lawn, IL | $1,341 |
Blue Island, IL | $1,017 |
Forest Park, IL | $1,383 |
Melrose Park, IL | $1,166 |
Riverdale, IL | $1,089 |
Elmhurst, IL | $2,275 |
Hinsdale, IL | $1,921 |
La Grange Park, IL | $1,444 |
What is the average price for a storage unit in Chicago?
The average rent for a non-climate-controlled 10'x10' storage unit in Chicago is $176.87. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.