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 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.

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

Last updated April 2025

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

Access comprehensive real estate data and information on Yardi Matrix

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

$1,769

Andersonville rent is 26% lower than Chicago average

Average Rent $1,769

$844

Austin rent is 65% lower than Chicago average

Average Rent $844

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.