Chicago, IL Rental Market Trends

Q: What are the most popular neighborhoods in Chicago?

The most popular neighborhood in Chicago is Lakeview , where there are 272 listings with an average rent of $2,173. Next up is Rogers Park , where apartments go for $1,455/month, followed by Logan Square with $2,183 If you’re looking to rent in Chicago’s most popular neighborhoods, make sure to also check out Hyde Park , where renters pay $1,767 on average, and Ravenswood , where the average monthly rent is $1,928.

What is the average rent in Chicago?

The average rent for an apartment in Chicago is $2,466. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Chicago, IL

Last updated July 2025

Average Rent	Average Apartment Size
$2,466	749 sq. ft.

What is the average apartment size in Chicago?

The average size for a Chicago, IL apartment is 749 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

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Chicago, IL By Neighborhood

City	Average Rent
Sheffield	$3,810
Wrightwood	$3,588
Greektown	$3,374
Downtown Chicago	$3,364
Streeterville	$3,345
Fulton Market	$3,321
River North	$3,215
Old Town Triangle	$3,203
Near East Side Chicago	$3,120
Bucktown	$3,083
Goose Island	$3,030
Old Town Chicago	$3,014
River West	$2,985
Wicker Park	$2,973
Chicago Loop	$2,969
Near West Side	$2,962
Fulton River District	$2,955
Near North Side Chicago	$2,900
East Village	$2,855
Humboldt Park	$2,843
South Loop	$2,823
Tri-Taylor	$2,670
West Loop	$2,633
Gold Coast	$2,577
Printer's Row	$2,561
Cabrini - Green	$2,527
Lincoln Park	$2,353
Logan Square	$2,183
Lakeview	$2,173
Little Italy	$2,152
East Hyde Park	$2,008
Clarendon Park	$1,958
Ravenswood	$1,928
Palmer Square	$1,878
Kenwood	$1,872
Park West	$1,820
Andersonville	$1,814
Stateway Gardens	$1,785
Hyde Park	$1,767
Buena Park	$1,675
Uptown Chicago	$1,619
Margate Park	$1,563
Bryn Mawr Historic District	$1,555
Woodlawn	$1,501
Oakland	$1,470
West Rogers Park	$1,460
Bronzeville	$1,458
Rogers Park	$1,455
Edgewater Beach	$1,442
North Kenwood	$1,431
East Garfield Park	$1,404
Englewood	$1,353
Jefferson Park	$1,324
Edgewater	$1,322
Sheridan Park	$1,291
South Shore	$1,222
Budlong Woods	$1,175
Washington Park	$1,132
Jackson Park Highlands	$1,016
Austin	$1,001

What are the most affordable neighborhoods in Chicago?

The most affordable neighborhoods in Chicago are Austin, where the average rent goes for $1,001/month, Jackson Park Highlands, where renters pay $1,016/mo on average, and Washington Park, where the average rent goes for $1,132/mo. If you’re looking for other great deals, check out the listings from Budlong Woods ($1,175), South Shore ($1,222), and Sheridan Park ($1,291), where the asking prices are below the average Chicago rent of $2,466/mo.

What are the most expensive neighborhoods in Chicago?

The most expensive neighborhoods in Chicago are Greektown ($3,374), Wrightwood ($3,588) and Sheffield ($3,810).

What are the most popular neighborhoods in Chicago?

The most popular neighborhood in Chicago is Lakeview, where there are 272 listings with an average rent of $2,173. Next up is Rogers Park, where apartments go for $1,455/month, followed by Logan Square with $2,183 If you’re looking to rent in Chicago’s most popular neighborhoods, make sure to also check out Hyde Park, where renters pay $1,767 on average, and Ravenswood, where the average monthly rent is $1,928.

Chicago | Rent Comparison by Neighborhood

Rent in Andersonville is 81% higher than in Austin

$1,814

Andersonville rent is 26% lower than Chicago average

Average Rent $1,814

$1,001

Austin rent is 59% lower than Chicago average

Average Rent $1,001

How Chicago Compares to Other Cities

State	Average Rent
Chicago	$2,466
Oak Park	$2,218
Evanston	$2,587
Rockford	$1,214
Aurora	$1,844
Skokie	$2,045
Naperville	$2,076
Champaign	$1,642
Lombard	$2,031
Dekalb	$1,092
Belleville	$1,166

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 $197.73. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.