Chicago, IL Rental Market Trends

Q: What are the most affordable neighborhoods in Chicago?

The most affordable neighborhoods in Chicago are Austin , where the average rent goes for $839/month, Jackson Park Highlands , where renters pay $1,038/mo on average, and Washington Park , where the average rent goes for $1,155/mo. If you’re looking for other great deals, check out the listings from Budlong Woods ($1,200), South Shore ($1,242), and Jefferson Park ($1,259), where the asking prices are below the average Chicago rent of $2,435/mo.

Q: What are the most popular neighborhoods in Chicago?

The most popular neighborhood in Chicago is Lakeview , where there are 182 listings with an average rent of $2,145. Next up is Rogers Park , where apartments go for $1,462/month, followed by Hyde Park with $1,797 If you’re looking to rent in Chicago’s most popular neighborhoods, make sure to also check out Bucktown , where renters pay $3,051 on average, and Near North Side Chicago , where the average monthly rent is $2,853.

What is the average rent in Chicago?

The average rent for an apartment in Chicago is $2,435. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Chicago, IL

Last updated June 2025

Average Rent	Average Apartment Size
$2,435	746 sq. ft.

What is the average apartment size in Chicago?

The average size for a Chicago, IL apartment is 746 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	$3,757
Wrightwood	$3,535
Greektown	$3,350
Downtown Chicago	$3,335
Fulton Market	$3,331
Streeterville	$3,255
Old Town Triangle	$3,194
River North	$3,181
Near East Side Chicago	$3,078
Bucktown	$3,051
Old Town Chicago	$2,970
Goose Island	$2,960
River West	$2,954
Chicago Loop	$2,946
Wicker Park	$2,934
Fulton River District	$2,922
Near West Side	$2,876
Near North Side Chicago	$2,853
East Village	$2,818
Humboldt Park	$2,790
South Loop	$2,782
Tri-Taylor	$2,637
Gold Coast	$2,563
Printer's Row	$2,555
Cabrini - Green	$2,494
West Loop	$2,490
Lincoln Park	$2,325
Logan Square	$2,184
Little Italy	$2,177
Lakeview	$2,145
Ravenswood	$1,968
Clarendon Park	$1,959
Palmer Square	$1,918
Kenwood	$1,855
Andersonville	$1,838
East Hyde Park	$1,831
Stateway Gardens	$1,823
Park West	$1,800
Hyde Park	$1,797
Buena Park	$1,715
Uptown Chicago	$1,620
Margate Park	$1,550
Bryn Mawr Historic District	$1,543
Woodlawn	$1,533
Oakland	$1,501
Bronzeville	$1,489
West Rogers Park	$1,476
Rogers Park	$1,462
North Kenwood	$1,461
East Garfield Park	$1,434
Edgewater Beach	$1,431
Englewood	$1,347
Edgewater	$1,322
Sheridan Park	$1,272
Jefferson Park	$1,259
South Shore	$1,242
Budlong Woods	$1,200
Washington Park	$1,155
Jackson Park Highlands	$1,038
Austin	$839

What are the most affordable neighborhoods in Chicago?

The most affordable neighborhoods in Chicago are Austin, where the average rent goes for $839/month, Jackson Park Highlands, where renters pay $1,038/mo on average, and Washington Park, where the average rent goes for $1,155/mo. If you’re looking for other great deals, check out the listings from Budlong Woods ($1,200), South Shore ($1,242), and Jefferson Park ($1,259), where the asking prices are below the average Chicago rent of $2,435/mo.

What are the most expensive neighborhoods in Chicago?

The most expensive neighborhoods in Chicago are Greektown ($3,350), Wrightwood ($3,535) and Sheffield ($3,757).

What are the most popular neighborhoods in Chicago?

The most popular neighborhood in Chicago is Lakeview, where there are 182 listings with an average rent of $2,145. Next up is Rogers Park, where apartments go for $1,462/month, followed by Hyde Park with $1,797 If you’re looking to rent in Chicago’s most popular neighborhoods, make sure to also check out Bucktown, where renters pay $3,051 on average, and Near North Side Chicago, where the average monthly rent is $2,853.

Chicago | Rent Comparison by Neighborhood

Rent in Andersonville is 119% higher than in Austin

$1,838

Andersonville rent is 25% lower than Chicago average

Average Rent $1,838

$839

Austin rent is 66% lower than Chicago average

Average Rent $839

How Chicago Compares to Other Cities

State	Average Rent
Chicago	$2,435
Oak Park	$2,186
Evanston	$2,546
Rockford	$1,214
Naperville	$2,081
Aurora	$1,850
Skokie	$2,044
Waukegan	$1,365
Champaign	$1,642
Dekalb	$1,098
Belleville	$1,161
La Grange, IL	$2,018
Oak Lawn, IL	$1,319
Blue Island, IL	$1,023
Forest Park, IL	$1,387
Justice, IL	$1,371
Elmhurst, IL	$2,320
Hinsdale, IL	$1,935
Riverdale, IL	$1,157
Worth, IL	$1,208

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 $186.11. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.