Chicago, IL Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Chicago is $2,432, a 4.33% increase compared to the previous year, when the average rent was $2,331.
Studio Apartments at $1,724 offer the most budget-friendly option with 468 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 707 square feet for $2,357, balancing privacy and affordability.
Two-beedroom units at $3,205 offer 1,061 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,361 sq ft) for $3,669, suitable for larger households.
Average rent in Chicago, IL
Last updated: November 18, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,432 | 746 sq. ft. |
| Studio | $1,724 | 468 sq. ft. |
| 1 Bed | $2,357 | 707 sq. ft. |
| 2 Beds | $3,205 | 1,061 sq. ft. |
| 3 Beds | $3,669 | 1,361 sq. ft. |
Chicago, IL rent trends
What's the typical rent budget in Chicago, IL?
The largest share of rentals in Chicago, IL (22%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Chicago, IL?
624,368 or 54% of the households in Chicago, IL are renter-occupied while 522,179 or 46% are owner-occupied.
Most affordable neighborhoods in Chicago?
Austin $1,008/month
Washington Park $1,205/month
Budlong Woods $1,262/month
All of these neighborhoods fall below the city wide average of $2,432/month.Most expensive neighborhoods in Chicago?
River North $3,326/month
Wrightwood $3,579/month
Sheffield $3,583/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Chicago, IL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sheffield | $3,583 |
| Wrightwood | $3,579 |
| River North | $3,326 |
| Greektown | $3,297 |
| Streeterville | $3,295 |
| Fulton Market | $3,265 |
| Downtown Chicago | $3,157 |
| Near East Side Chicago | $3,089 |
| Bucktown | $3,063 |
| Old Town Chicago | $3,001 |
| Old Town Triangle | $2,993 |
| River West | $2,993 |
| Near West Side | $2,964 |
| Chicago Loop | $2,957 |
| Wicker Park | $2,888 |
| Goose Island | $2,882 |
| Near North Side Chicago | $2,865 |
| Fulton River District | $2,861 |
| East Village | $2,800 |
| Humboldt Park | $2,776 |
| South Loop | $2,733 |
| Tri-Taylor | $2,645 |
| Gold Coast | $2,519 |
| Printer's Row | $2,513 |
| Cabrini - Green | $2,473 |
| Lincoln Park | $2,348 |
| Logan Square | $2,244 |
| West Loop | $2,223 |
| Little Italy | $2,166 |
| Lakeview | $2,142 |
| East Hyde Park | $2,055 |
| Ravenswood | $2,019 |
| Palmer Square | $1,931 |
| Andersonville | $1,890 |
| Clarendon Park | $1,889 |
| Park West | $1,835 |
| Kenwood | $1,827 |
| Hyde Park | $1,785 |
| Stateway Gardens | $1,738 |
| Buena Park | $1,725 |
| Uptown Chicago | $1,720 |
| Margate Park | $1,574 |
| Bryn Mawr Historic District | $1,546 |
| Bronzeville | $1,491 |
| Rogers Park | $1,483 |
| Woodlawn | $1,482 |
| West Rogers Park | $1,432 |
| Edgewater Beach | $1,425 |
| North Kenwood | $1,414 |
| Englewood | $1,391 |
| East Garfield Park | $1,384 |
| Sheridan Park | $1,379 |
| Jefferson Park | $1,345 |
| Edgewater | $1,322 |
| South Shore | $1,275 |
| Budlong Woods | $1,262 |
| Washington Park | $1,205 |
| Austin | $1,008 |
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Chicago | Rent Comparison by Neighborhood
Rent in Andersonville is 87% higher than in Austin
$1,890
Andersonville rent is 22% lower than Chicago average
Average Rent
$1,890
$1,008
Austin rent is 59% lower than Chicago average
Average Rent
$1,008
How Chicago Compares to Other Cities
| City | Average Rent |
|---|---|
| Chicago | $2,432 |
| Oak Park | $2,213 |
| Evanston | $2,568 |
| Rockford | $1,252 |
| Skokie | $2,128 |
| Peoria | $1,218 |
| Aurora | $1,865 |
| Naperville | $2,082 |
| Waukegan | $1,365 |
| Dekalb | $1,105 |
| Champaign | $1,688 |
| La Grange, IL | $2,061 |
| Oak Lawn, IL | $1,193 |
| Riverdale, IL | $1,096 |
| Forest Park, IL | $1,333 |
| Blue Island, IL | $1,019 |
| Elmhurst, IL | $2,291 |
| Hinsdale, IL | $2,041 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Chicago apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.