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Prices and availability in Chicago, IL were last updated on 5 Nov 2026.
The best apartments in Chicago, IL are: Shoreham and Tides, North Harbor Tower, Presidential Towers, The Montrose and The Elle Apartments.
The average rent in Chicago, IL is $2,331.
The price range for a studio apartment in Chicago, IL is between $100 and $13,375.
The price range for a 1-bedroom apartment in Chicago, IL is between $700 and $11,615.
The price range for a 2-bedroom apartment in Chicago, IL is between $750 and $20,162.
The price range for a 3-bedroom apartment in Chicago, IL is between $850 and $52,547.
In Chicago, 54% of the residents are renting compared to 46% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 27% of Chicago's rentals, 66% are small-scale complexes with under 50 units, and 6% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Chicago are about 40 years old, on average. Of these, 45% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 19 stories. About 22% of the rental communities here are low-rise, garden-style communities, 27% are mid-rises, and 59% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Chicago are around 22% of rentals, while 1-bedroom floor plans represent 51% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 20% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
