Apartments for Rent in Chicago, IL

Prices and availability in Chicago, IL were last updated on 7 May 2026.

The best apartments in Chicago, IL are: The Montrose, Shoreham and Tides, Presidential Towers, The Elle Apartments and North Harbor Tower.

The average rent in Chicago, IL is $2,331.

The price range for a studio apartment in Chicago, IL is between $300 and $16,307.

The price range for a 1-bedroom apartment in Chicago, IL is between $675 and $20,000.

The price range for a 2-bedroom apartment in Chicago, IL is between $675 and $19,846.

The price range for a 3-bedroom apartment in Chicago, IL is between $950 and $45,000.

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 26% of Chicago's rentals, 67% are small-scale complexes with under 50 units, and 6% are single-family rentals.

The average age of rental buildings in Chicago is 40 years old, with 45% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 19 stories, of which 22% are garden-style apartment communities, 27% are mid-sized buildings, and 59% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Chicago come in a range of sizes and floorplans. Studio apartments represent 22% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 51% of the total apartments in the city, while 2-bedroom floorplans represent around 20% of all rentals in Chicago. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.