Chicago, IL Rental Market Trends

Last updated: October 24, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Average rent in Chicago, IL

Last updated: October 24, 2025

Chicago, IL rent trends

What's the typical rent budget in Chicago, IL?

The largest share of rentals in Chicago, IL (23%) 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?

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Chicago, IL By Neighborhood

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Chicago | Rent Comparison by Neighborhood

Neighborhood
vs.

Rent in Andersonville is the same as in Andersonville

$1,949

Andersonville rent is 21% lower than Chicago average

Average Rent $1,949
$1,949

Andersonville rent is 21% lower than Chicago average

Average Rent $1,949

How Chicago Compares to Other Cities

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.