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 278 listings with an average rent of $2,174. Next up is Rogers Park , where apartments go for $1,454/month, followed by Park West with $1,822 If you’re looking to rent in Chicago’s most popular neighborhoods, make sure to also check out Logan Square , where renters pay $2,194 on average, and Ravenswood , where the average monthly rent is $1,942.

What is the average rent in Chicago?

The average rent for an apartment in Chicago is $2,464. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Chicago, IL

Last updated August 2025

Average Rent	Average Apartment Size
$2,464	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	$3,811
Wrightwood	$3,589
River North	$3,373
Greektown	$3,366
Downtown Chicago	$3,351
Fulton Market	$3,318
Streeterville	$3,300
Old Town Triangle	$3,220
Near East Side Chicago	$3,109
Bucktown	$3,052
River West	$3,048
Goose Island	$3,024
Old Town Chicago	$3,015
Wicker Park	$2,978
Near West Side	$2,970
Chicago Loop	$2,966
Fulton River District	$2,955
Near North Side Chicago	$2,877
East Village	$2,860
Humboldt Park	$2,847
South Loop	$2,813
Tri-Taylor	$2,675
Gold Coast	$2,570
Printer's Row	$2,560
Cabrini - Green	$2,532
West Loop	$2,432
Lincoln Park	$2,345
Logan Square	$2,194
Lakeview	$2,174
Little Italy	$2,160
East Hyde Park	$2,011
Clarendon Park	$1,958
Ravenswood	$1,942
Palmer Square	$1,889
Kenwood	$1,880
Park West	$1,822
Andersonville	$1,820
Stateway Gardens	$1,796
Hyde Park	$1,742
Uptown Chicago	$1,733
Buena Park	$1,681
Bryn Mawr Historic District	$1,566
Margate Park	$1,561
Woodlawn	$1,509
Bronzeville	$1,485
Oakland	$1,479
West Rogers Park	$1,456
Rogers Park	$1,454
North Kenwood	$1,439
Edgewater Beach	$1,435
East Garfield Park	$1,413
Englewood	$1,344
Edgewater	$1,322
Sheridan Park	$1,287
Jefferson Park	$1,286
South Shore	$1,229
Budlong Woods	$1,181
Washington Park	$1,141
Austin	$1,024
Jackson Park Highlands	$1,022

What are the most affordable neighborhoods in Chicago?

The most affordable neighborhoods in Chicago are Jackson Park Highlands, where the average rent goes for $1,022/month, Austin, where renters pay $1,024/mo on average, and Washington Park, where the average rent goes for $1,141/mo. If you’re looking for other great deals, check out the listings from Budlong Woods ($1,181), South Shore ($1,229), and Jefferson Park ($1,286), where the asking prices are below the average Chicago rent of $2,464/mo.

What are the most expensive neighborhoods in Chicago?

The most expensive neighborhoods in Chicago are River North ($3,373), Wrightwood ($3,589) and Sheffield ($3,811).

What are the most popular neighborhoods in Chicago?

The most popular neighborhood in Chicago is Lakeview, where there are 278 listings with an average rent of $2,174. Next up is Rogers Park, where apartments go for $1,454/month, followed by Park West with $1,822 If you’re looking to rent in Chicago’s most popular neighborhoods, make sure to also check out Logan Square, where renters pay $2,194 on average, and Ravenswood, where the average monthly rent is $1,942.

Chicago | Rent Comparison by Neighborhood

Rent in Andersonville is 78% higher than in Austin

$1,820

Andersonville rent is 26% lower than Chicago average

Average Rent $1,820

$1,024

Austin rent is 58% lower than Chicago average

Average Rent $1,024

How Chicago Compares to Other Cities

State	Average Rent
Chicago	$2,464
Oak Park	$2,198
Evanston	$2,601
Rockford	$1,230
Skokie	$2,053
Champaign	$1,635
Dekalb	$1,092
Naperville	$2,086
Aurora	$1,844
Waukegan	$1,361
Lisle	$1,882
La Grange	$2,061
Riverdale, IL	$1,151
Oak Lawn, IL	$1,339
Worth, IL	$1,202
Blue Island, IL	$1,034
Elmhurst, IL	$2,323
Forest Park, IL	$1,365
Justice, IL	$1,344

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.