Chicago, IL Rental Market Trends
Highlights
The average rent for an apartment in Chicago is $1,821, a 7% decrease compared to the previous year.
Average Rent in Chicago, IL
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,821 | -7% | 748 sq. ft. |
The average size for a Chicago, IL apartment is 748 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
- $501-$7001%
- $701-$1,00012%
- $1,001-$1,50028%
- $1,501-$2,00028%
- > $2,00030%
Chicago, IL Occupied Housing Units
- Renter-occupied Households46%
- Owner-occupied Households53%
490,497 or 46% of the households in Chicago, IL are renter-occupied while 565,621 or 53% are owner-occupied.
Chicago, IL Rent Trends
| Average Rent | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Oct / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Oct / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Chicago, IL | $1,811 | $1,815 | $1,896 | $1,897 | $1,910 | $1,998 | $1,965 | $1,950 | $1,967 | $1,918 | $1,821 |
| National | $1,377 | $1,380 | $1,417 | $1,426 | $1,430 | $1,466 | $1,466 | $1,473 | $1,474 | $1,461 | $1,464 |
Average Rent in Chicago, IL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| The Island | $571 |
| Austin | $571 |
| West Pullman | $647 |
| Rosemoor | $647 |
| Roseland | $647 |
| Riverdale | $647 |
| Pullman | $647 |
| Princeton Park | $647 |
| Longwood Manor | $647 |
| Fernwood | $647 |
| Cottage Grove Heights | $647 |
| West Chesterfield | $783 |
| Marynook | $783 |
| East Chatham | $783 |
| Chatham | $783 |
| Calumet Heights | $783 |
| Burnside | $783 |
| Avalon Park | $783 |
| Englewood | $804 |
| West Garfield Park | $899 |
| Homan Square | $899 |
| Fifth City | $899 |
| Pilsen | $941 |
| Heart of Italy | $941 |
| Heart of Chicago | $941 |
| South Shore | $1,024 |
| Jackson Park Highlands | $1,024 |
| Woodlawn | $1,063 |
| Park Manor | $1,084 |
| Greater Grand Crossing | $1,084 |
| Little Village | $1,103 |
| Douglas Park | $1,103 |
| Waclawowo | $1,114 |
| The Villa | $1,114 |
| Saint Ben's | $1,114 |
| Jackowo | $1,114 |
| Irving Park | $1,114 |
| Horner Park | $1,114 |
| Avondale | $1,114 |
| West Woodlawn | $1,117 |
| Uptown Chicago | $1,154 |
| Sheridan Park | $1,154 |
| Margate Park | $1,154 |
| Lakewood - Balmoral | $1,154 |
| Ravenswood | $1,158 |
| Bowmanville | $1,158 |
| McKinley Park | $1,158 |
| Edgewater Beach | $1,159 |
| Bryn Mawr Historic District | $1,159 |
| Andersonville | $1,159 |
| Magnolia Glen | $1,168 |
| Edgewater Glen | $1,168 |
| Edgewater | $1,168 |
| Rogers Park | $1,191 |
| Ravenswood Manor | $1,204 |
| Ravenswood Gardens | $1,204 |
| Lincoln Square | $1,204 |
| Budlong Woods | $1,204 |
| Albany Park | $1,204 |
| North Park | $1,216 |
| Wentworth Gardens | $1,218 |
| Stateway Gardens | $1,218 |
| Fuller Park | $1,218 |
| Canaryville | $1,218 |
| Back of the Yards | $1,218 |
| Oakland | $1,255 |
| North Kenwood | $1,255 |
| Clarendon Park | $1,284 |
| West Morgan Park | $1,287 |
| West Beverly | $1,287 |
| Tally's Corner | $1,287 |
| Mount Greenwood Heights | $1,287 |
| Mount Greenwood | $1,287 |
| Kennedy Park | $1,287 |
| Beverly Woods | $1,287 |
| Union Ridge | $1,294 |
| Schorsch Forest View | $1,294 |
| Sauganash Woods | $1,294 |
| Sauganash | $1,294 |
| River's Edge | $1,294 |
| Oriole Park | $1,294 |
| North Mayfair | $1,294 |
| Mayfair | $1,294 |
| Jefferson Park | $1,294 |
| Gladstone Park | $1,294 |
| Forest Glen | $1,294 |
| Big Oaks | $1,294 |
| East Garfield Park | $1,301 |
| Illinois Medical District | $1,308 |
| West Rogers Park | $1,310 |
| O'Hare | $1,312 |
| Pulaski Park | $1,324 |
| Peterson Park | $1,324 |
| Hollywood Park | $1,324 |
| Arcadia Terrace | $1,324 |
| Bridgeport | $1,357 |
| East Pilsen | $1,370 |
| Gage Park | $1,380 |
| The Gap | $1,381 |
| South Commons | $1,381 |
| Prairie Shores | $1,381 |
| Prairie District | $1,381 |
| Lake Meadows | $1,381 |
| Groveland Park | $1,381 |
| Dearborn | $1,381 |
| Chinatown | $1,381 |
| Armour Square | $1,381 |
| Washington Park | $1,434 |
| Hyde Park | $1,434 |
| East Hyde Park | $1,434 |
| North Center | $1,449 |
| South East Ravenswood | $1,454 |
| Graceland West | $1,454 |
| Buena Park | $1,454 |
| North Lawndale | $1,455 |
| Tri-Taylor | $1,459 |
| Bronzeville | $1,508 |
| Kenwood | $1,565 |
| Schorsch Village | $1,595 |
| Portage Park | $1,595 |
| Montclare | $1,595 |
| Irving Woods | $1,595 |
| Dunning | $1,595 |
| Belmont Terrace | $1,595 |
| Belmont Heights | $1,595 |
| Belmont Central | $1,595 |
| Wrigleyville | $1,598 |
| Lakeview | $1,598 |
| Roscoe Village | $1,662 |
| Park West | $1,701 |
| Wrightwood | $1,746 |
| West DePaul | $1,746 |
| Sheffield | $1,746 |
| Ranch Triangle | $1,746 |
| Old Town Triangle | $1,746 |
| Lincoln Park | $1,746 |
| Lathrop | $1,748 |
| Palmer Square | $1,805 |
| Logan Square | $1,805 |
| Bucktown | $1,863 |
| West Lawn | $1,874 |
| West Elsdon | $1,874 |
| Marquette Park | $1,874 |
| Lithuanian Plaza | $1,874 |
| Ford City | $1,874 |
| Chicago Lawn | $1,874 |
| Smith Park | $1,943 |
| South Loop | $1,948 |
| Humboldt Park | $1,996 |
| Downtown Chicago | $2,017 |
| Old Town Chicago | $2,049 |
| Cabrini - Green | $2,049 |
| Greektown | $2,054 |
| Fulton Market | $2,054 |
| Goose Island | $2,069 |
| West Loop | $2,082 |
| West Town | $2,109 |
| Fulton River District | $2,171 |
| Noble Square | $2,184 |
| Near West Side | $2,210 |
| Gold Coast | $2,215 |
| Printer's Row | $2,219 |
| Dearborn Park | $2,219 |
| University Village | $2,231 |
| Little Italy | $2,231 |
| Near North Side Chicago | $2,250 |
| Chicago Loop | $2,283 |
| River West | $2,310 |
| Wicker Park | $2,326 |
| Ukrainian Village | $2,326 |
| East Village | $2,326 |
| Near East Side Chicago | $2,336 |
| River North | $2,338 |
| Streeterville | $2,385 |
The most affordable neighborhoods in Chicago are Austin, where the average rent goes for $571/month, The Island, where renters pay $571/mo on average, and Cottage Grove Heights, where the average rent goes for $647/mo. If you’re looking for other great deals, check out the listings from Fernwood ($647), Longwood Manor ($647), and Princeton Park ($647), where the asking prices are below the average Chicago rent of $1,821/mo.
The most expensive neighborhoods in Chicago are Near East Side Chicago ($2,336), River North ($2,338) and Streeterville ($2,385).
The most popular neighborhood in Chicago is Lakeview, where there are 167 verified RENTCafé listings with an average rent of $1,598. Next up is Ravenswood, where apartments go for $1,158/month, followed by Rogers Park with $1,191 If you’re looking to rent in Chicago’s most popular neighborhoods, make sure to also check out Bucktown, where renters pay $1,863 on average, and Hyde Park, where the average monthly rent is $1,434.
Chicago | Rent Comparison by Neighborhood
Rent in Albany Park is 4% higher than in Andersonville
Albany Park rent is 34% lower than Chicago average
| Average Rent | $1,204 |
|---|
Andersonville rent is 36% lower than Chicago average
| Average Rent | $1,159 |
|---|
How Chicago Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Chicago | $1,821 | -7% |
| Oak Park | $1,880 | n/a |
| Evanston | $1,953 | -1% |
| Naperville | $1,513 | 2% |
| Skokie | $1,583 | -2% |
| Aurora | $1,338 | 2% |
| Des Plaines | $1,439 | 3% |
| Riverdale | $812 | 7% |
| Calumet City | $898 | 2% |
| Oak Lawn | $1,170 | n/a |
| Elgin | $1,196 | 9% |
For more information about the Chicago rental trends, check out our monthly rent report
Check out Illinois Cities, Illinois Neighborhoods and Illinois Zip Codes for more details on verified listings, including the Illinois Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!