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 206 listings with an average rent of $1,925. Next up is Hyde Park , where apartments go for $1,662/month, followed by Ravenswood with $1,497 If you’re looking to rent in Chicago’s most popular neighborhoods, make sure to also check out Bucktown , where renters pay $2,380 on average, and Rogers Park , where the average monthly rent is $1,366.

What is the average rent in Chicago?

The average rent for an apartment in Chicago is $2,309. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Chicago, IL

Last updated July 2023

Average Rent	Average Apartment Size
$2,309	750 sq. ft.

What is the average apartment size in Chicago?

The average size for a Chicago, IL apartment is 750 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

604,772 or 54% of the households in Chicago, IL are renter-occupied while 507,809 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

Neighborhood	Average Rent
Streeterville	$3,134
Near East Side Chicago	$3,017
Dearborn Park	$2,946
Printer's Row	$2,946
River North	$2,926
Near North Side Chicago	$2,902
River West	$2,895
Gold Coast	$2,892
Little Italy	$2,879
University Village	$2,879
Chicago Loop	$2,837
Near West Side	$2,837
Fulton River District	$2,782
Noble Square	$2,766
West Loop	$2,729
East Village	$2,722
Ukrainian Village	$2,722
Wicker Park	$2,722
Fulton Market	$2,700
Greektown	$2,700
Goose Island	$2,675
Cabrini - Green	$2,657
Old Town Chicago	$2,657
West Town	$2,623
Downtown Chicago	$2,577
South Loop	$2,546
Bucktown	$2,380
Humboldt Park	$2,310
Lincoln Park	$2,270
Old Town Triangle	$2,270
Ranch Triangle	$2,270
Sheffield	$2,270
West DePaul	$2,270
Wrightwood	$2,270
Belmont Gardens	$2,261
Cragin	$2,261
Galewood	$2,261
Hanson Park	$2,261
Hermosa	$2,261
Kelvin Park	$2,261
Smith Park	$2,257
Chicago Lawn	$2,252
Ford City	$2,252
Lithuanian Plaza	$2,252
Marquette Park	$2,252
West Elsdon	$2,252
West Lawn	$2,252
Lathrop	$2,243
Belmont Central	$2,234
Belmont Heights	$2,220
Belmont Terrace	$2,220
Dunning	$2,220
Irving Woods	$2,220
Montclare	$2,220
Portage Park	$2,220
Schorsch Village	$2,220
Logan Square	$2,120
Palmer Square	$2,120
Park West	$2,117
Roscoe Village	$1,992
Lakeview	$1,925
Wrigleyville	$1,925
Kenwood	$1,791
Buena Park	$1,775
Graceland West	$1,775
South East Ravenswood	$1,775
North Center	$1,769
O'Hare	$1,766
Big Oaks	$1,731
Oriole Park	$1,731
Schorsch Forest View	$1,731
Union Ridge	$1,731
Bronzeville	$1,724
North Lawndale	$1,680
Tri-Taylor	$1,674
Armour Square	$1,662
Chinatown	$1,662
Dearborn	$1,662
Groveland Park	$1,662
Lake Meadows	$1,662
Prairie District	$1,662
Prairie Shores	$1,662
South Commons	$1,662
The Gap	$1,662
East Hyde Park	$1,662
Hyde Park	$1,662
Washington Park	$1,662
East Pilsen	$1,648
Bridgeport	$1,626
Clarendon Park	$1,612
Gage Park	$1,598
Beverly Woods	$1,582
Kennedy Park	$1,582
Mount Greenwood	$1,582
Mount Greenwood Heights	$1,582
Tally's Corner	$1,582
West Beverly	$1,582
West Morgan Park	$1,582
Illinois Medical District	$1,509
Lakewood - Balmoral	$1,503
Margate Park	$1,503
Sheridan Park	$1,503
Uptown Chicago	$1,503
West Rogers Park	$1,497
Bowmanville	$1,497
Ravenswood	$1,497
Andersonville	$1,484
Bryn Mawr Historic District	$1,484
Edgewater Beach	$1,484
Arcadia Terrace	$1,480
Hollywood Park	$1,480
Peterson Park	$1,480
Pulaski Park	$1,480
East Garfield Park	$1,467
Edgewater	$1,442
Edgewater Glen	$1,442
Magnolia Glen	$1,442
Forest Glen	$1,425
Gladstone Park	$1,425
Jefferson Park	$1,425
Mayfair	$1,425
North Mayfair	$1,425
River's Edge	$1,425
Sauganash	$1,425
Sauganash Woods	$1,425
North Kenwood	$1,417
Oakland	$1,417
North Park	$1,415
Albany Park	$1,413
Budlong Woods	$1,413
Lincoln Square	$1,413
Ravenswood Gardens	$1,413
Ravenswood Manor	$1,413
Back of the Yards	$1,384
Canaryville	$1,384
Fuller Park	$1,384
Stateway Gardens	$1,384
Wentworth Gardens	$1,384
Rogers Park	$1,366
Avondale	$1,361
Horner Park	$1,361
Irving Park	$1,361
Jackowo	$1,361
Saint Ben's	$1,361
The Villa	$1,361
Waclawowo	$1,361
West Woodlawn	$1,345
McKinley Park	$1,325
Douglas Park	$1,306
Little Village	$1,306
Greater Grand Crossing	$1,300
Park Manor	$1,300
Woodlawn	$1,236
Jackson Park Highlands	$1,154
South Shore	$1,154
Heart of Chicago	$1,115
Heart of Italy	$1,115
Pilsen	$1,115
Cottage Grove Heights	$991
Fernwood	$991
Longwood Manor	$991
Princeton Park	$991
Pullman	$991
Riverdale	$991
Roseland	$991
Rosemoor	$991
West Pullman	$991
Fifth City	$941
Homan Square	$941
West Garfield Park	$941
Englewood	$918
Avalon Park	$902
Burnside	$902
Calumet Heights	$902
Chatham	$902
East Chatham	$902
Marynook	$902
West Chesterfield	$902
Austin	$845
The Island	$718

What are the most affordable neighborhoods in Chicago?

The most affordable neighborhoods in Chicago are The Island, where the average rent goes for $718/month, Austin, where renters pay $845/mo on average, and Avalon Park, where the average rent goes for $902/mo. If you’re looking for other great deals, check out the listings from Burnside ($902), Calumet Heights ($902), and Chatham ($902), where the asking prices are below the average Chicago rent of $2,309/mo.

What are the most expensive neighborhoods in Chicago?

The most expensive neighborhoods in Chicago are Printer's Row ($2,946), Near East Side Chicago ($3,017) and Streeterville ($3,134).

What are the most popular neighborhoods in Chicago?

The most popular neighborhood in Chicago is Lakeview, where there are 206 listings with an average rent of $1,925. Next up is Hyde Park, where apartments go for $1,662/month, followed by Ravenswood with $1,497 If you’re looking to rent in Chicago’s most popular neighborhoods, make sure to also check out Bucktown, where renters pay $2,380 on average, and Rogers Park, where the average monthly rent is $1,366.

Chicago | Rent Comparison by Neighborhood

Rent in Albany Park is 5% lower than in Andersonville

$1,413

Albany Park rent is 39% lower than Chicago average

Average Rent $1,413

$1,484

Andersonville rent is 36% lower than Chicago average

Average Rent $1,484

How Chicago Compares to Other Cities

City	Average Rent
Chicago	$2,309
Oak Park	$2,118
Oak Park	$2,118
Evanston	$2,295
Naperville	$1,904
Champaign	$1,507
Dekalb	$1,012
Skokie	$1,830
Aurora	$1,678
O'Fallon	$1,631
Forest Park	$1,115
Schaumburg	$1,794
Forest Park	$1,115
La Grange	$2,048
Riverdale	$940
Willowbrook	$1,797
Blue Island	$989
Justice	$1,375
Oak Lawn	$1,499
Palos Hills	$1,277
Elmhurst	$2,075

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 $179.57. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.