Chicago, IL Rental Market Trends
Last updated: October 24, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Chicago is $2,461, a 4.68% increase compared to the previous year, when the average rent was $2,351.
Studio Apartments at $1,734 offer the most budget-friendly option with 468 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 708 square feet for $2,378, balancing privacy and affordability.
Two-beedroom units at $3,268 offer 1,061 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,359 sq ft) for $3,670, suitable for larger households.
Average rent in Chicago, IL
Last updated: October 24, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,461 | 747 sq. ft. |
| Studio | $1,734 | 468 sq. ft. |
| 1 Bed | $2,378 | 708 sq. ft. |
| 2 Beds | $3,268 | 1,061 sq. ft. |
| 3 Beds | $3,670 | 1,359 sq. ft. |
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?
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 $1,046/month
Austin $1,046/month
Washington Park $1,227/month
All of these neighborhoods fall below the city wide average of $2,461/month.Most expensive neighborhoods in Chicago?
Wrightwood $3,530/month
Sheffield $3,749/month
Sheffield $3,749/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Chicago, IL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sheffield | $3,749 |
| Sheffield | $3,749 |
| Wrightwood | $3,530 |
| Wrightwood | $3,530 |
| River North | $3,349 |
| River North | $3,349 |
| Downtown Chicago | $3,329 |
| Downtown Chicago | $3,329 |
| Greektown | $3,315 |
| Greektown | $3,315 |
| Fulton Market | $3,289 |
| Fulton Market | $3,289 |
| Streeterville | $3,258 |
| Streeterville | $3,258 |
| Old Town Triangle | $3,105 |
| Old Town Triangle | $3,105 |
| Bucktown | $3,074 |
| Bucktown | $3,074 |
| Near East Side Chicago | $3,038 |
| Near East Side Chicago | $3,038 |
| River West | $3,028 |
| River West | $3,028 |
| Near West Side | $3,018 |
| Near West Side | $3,018 |
| Goose Island | $2,977 |
| Goose Island | $2,977 |
| Old Town Chicago | $2,975 |
| Old Town Chicago | $2,975 |
| Wicker Park | $2,964 |
| Wicker Park | $2,964 |
| Chicago Loop | $2,947 |
| Chicago Loop | $2,947 |
| Fulton River District | $2,916 |
| Fulton River District | $2,916 |
| East Village | $2,846 |
| East Village | $2,846 |
| Near North Side Chicago | $2,845 |
| Near North Side Chicago | $2,845 |
| Humboldt Park | $2,825 |
| Humboldt Park | $2,825 |
| South Loop | $2,792 |
| South Loop | $2,792 |
| Tri-Taylor | $2,667 |
| Tri-Taylor | $2,667 |
| Printer's Row | $2,531 |
| Printer's Row | $2,531 |
| Gold Coast | $2,526 |
| Gold Coast | $2,526 |
| Cabrini - Green | $2,519 |
| Cabrini - Green | $2,519 |
| Lincoln Park | $2,338 |
| Lincoln Park | $2,338 |
| Logan Square | $2,280 |
| Logan Square | $2,280 |
| West Loop | $2,267 |
| West Loop | $2,267 |
| Little Italy | $2,230 |
| Little Italy | $2,230 |
| Lakeview | $2,165 |
| Lakeview | $2,165 |
| Ravenswood | $2,081 |
| Ravenswood | $2,081 |
| Palmer Square | $2,042 |
| Palmer Square | $2,042 |
| East Hyde Park | $2,003 |
| East Hyde Park | $2,003 |
| Clarendon Park | $1,970 |
| Clarendon Park | $1,970 |
| Andersonville | $1,949 |
| Andersonville | $1,949 |
| Kenwood | $1,886 |
| Kenwood | $1,886 |
| Stateway Gardens | $1,869 |
| Stateway Gardens | $1,869 |
| Hyde Park | $1,815 |
| Hyde Park | $1,815 |
| Park West | $1,801 |
| Park West | $1,801 |
| Uptown Chicago | $1,801 |
| Uptown Chicago | $1,801 |
| Buena Park | $1,737 |
| Buena Park | $1,737 |
| Woodlawn | $1,638 |
| Woodlawn | $1,638 |
| Margate Park | $1,614 |
| Margate Park | $1,614 |
| Bronzeville | $1,608 |
| Bronzeville | $1,608 |
| Bryn Mawr Historic District | $1,569 |
| Bryn Mawr Historic District | $1,569 |
| West Rogers Park | $1,536 |
| West Rogers Park | $1,536 |
| North Kenwood | $1,535 |
| North Kenwood | $1,535 |
| Rogers Park | $1,516 |
| Rogers Park | $1,516 |
| East Garfield Park | $1,481 |
| East Garfield Park | $1,481 |
| Edgewater Beach | $1,457 |
| Edgewater Beach | $1,457 |
| Englewood | $1,428 |
| Englewood | $1,428 |
| Sheridan Park | $1,369 |
| Sheridan Park | $1,369 |
| Jefferson Park | $1,345 |
| Jefferson Park | $1,345 |
| Edgewater | $1,322 |
| Edgewater | $1,322 |
| South Shore | $1,305 |
| South Shore | $1,305 |
| Budlong Woods | $1,277 |
| Budlong Woods | $1,277 |
| Washington Park | $1,227 |
| Washington Park | $1,227 |
| Austin | $1,046 |
| Austin | $1,046 |
/
/
Chicago | Rent Comparison by Neighborhood
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
| City | Average Rent |
|---|---|
| Chicago | $2,461 |
| Skokie | $2,041 |
| Naperville | $2,057 |
| Aurora | $1,856 |
| Evanston | $2,577 |
| Oak Park | $2,176 |
| Rockford | $1,260 |
| Elmhurst, IL | $2,285 |
| Forest Park, IL | $1,476 |
| La Grange, IL | $2,070 |
| Riverdale, IL | $1,228 |
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.