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 178 listings with an average rent of $2,111. Next up is Rogers Park , where apartments go for $1,463/month, followed by Hyde Park with $1,783 If you’re looking to rent in Chicago’s most popular neighborhoods, make sure to also check out Bucktown , where renters pay $2,996 on average, and Edgewater Beach , where the average monthly rent is $1,425.

What is the average rent in Chicago?

The average rent for an apartment in Chicago is $2,395. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Chicago, IL

Last updated May 2025

Average Rent	Average Apartment Size
$2,395	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	$3,683
Wrightwood	$3,526
Greektown	$3,285
Fulton Market	$3,285
Downtown Chicago	$3,272
Streeterville	$3,214
Old Town Triangle	$3,186
River North	$3,107
Near East Side Chicago	$3,003
Bucktown	$2,996
Goose Island	$2,923
Chicago Loop	$2,896
Old Town Chicago	$2,891
River West	$2,840
Near North Side Chicago	$2,838
Wicker Park	$2,833
Near West Side	$2,825
Fulton River District	$2,820
East Village	$2,745
Humboldt Park	$2,737
South Loop	$2,711
Tri-Taylor	$2,599
Gold Coast	$2,572
Printer's Row	$2,478
Cabrini - Green	$2,441
West Loop	$2,325
Lincoln Park	$2,261
Little Italy	$2,208
Logan Square	$2,141
Lakeview	$2,111
East Hyde Park	$1,910
Palmer Square	$1,897
Clarendon Park	$1,893
Ravenswood	$1,884
Kenwood	$1,840
Hyde Park	$1,783
Andersonville	$1,777
Park West	$1,773
Buena Park	$1,686
Stateway Gardens	$1,651
Uptown Chicago	$1,594
Bronzeville	$1,557
Bryn Mawr Historic District	$1,550
Oakland	$1,532
Woodlawn	$1,507
Margate Park	$1,491
West Rogers Park	$1,489
Rogers Park	$1,463
North Kenwood	$1,461
Edgewater Beach	$1,425
East Garfield Park	$1,408
Sheridan Park	$1,372
Edgewater	$1,322
Englewood	$1,304
South Shore	$1,264
Budlong Woods	$1,257
Washington Park	$1,169
Jackson Park Highlands	$1,057
Austin	$845

What are the most affordable neighborhoods in Chicago?

The most affordable neighborhoods in Chicago are Austin, where the average rent goes for $845/month, Jackson Park Highlands, where renters pay $1,057/mo on average, and Washington Park, where the average rent goes for $1,169/mo. If you’re looking for other great deals, check out the listings from Budlong Woods ($1,257), South Shore ($1,264), and Englewood ($1,304), where the asking prices are below the average Chicago rent of $2,395/mo.

What are the most expensive neighborhoods in Chicago?

The most expensive neighborhoods in Chicago are Greektown ($3,285), Wrightwood ($3,526) and Sheffield ($3,683).

What are the most popular neighborhoods in Chicago?

The most popular neighborhood in Chicago is Lakeview, where there are 178 listings with an average rent of $2,111. Next up is Rogers Park, where apartments go for $1,463/month, followed by Hyde Park with $1,783 If you’re looking to rent in Chicago’s most popular neighborhoods, make sure to also check out Bucktown, where renters pay $2,996 on average, and Edgewater Beach, where the average monthly rent is $1,425.

Chicago | Rent Comparison by Neighborhood

Rent in Andersonville is 110% higher than in Austin

$1,777

Andersonville rent is 26% lower than Chicago average

Average Rent $1,777

$845

Austin rent is 65% lower than Chicago average

Average Rent $845

How Chicago Compares to Other Cities

State	Average Rent
Chicago	$2,395
Oak Park	$2,185
Evanston	$2,579
Rockford	$1,208
Aurora	$1,801
Waukegan	$1,349
Champaign	$1,624
Naperville	$2,079
Skokie	$2,034
Dekalb	$1,086
Lombard	$2,037
La Grange, IL	$2,088
Justice, IL	$1,367
Oak Lawn, IL	$1,341
Blue Island, IL	$1,017
Elmhurst, IL	$2,275
Forest Park, IL	$1,383
Hinsdale, IL	$1,921
Melrose Park, IL	$1,166
Riverdale, IL	$1,089
Worth, IL	$1,235

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.