What is the average apartment size in Downtown Chicago, Chicago, IL?

The average size for a Downtown Chicago, Chicago, IL apartment is 794 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.

What is the average rent in Downtown Chicago?

As of Oct / 2025, the average rent in Downtown Chicago is $3,157 per month, a 4.59% increase from last year’s average of $3,019.

How much does rent cost by apartment size in Downtown Chicago?

In Downtown Chicago, studios rent for $2,237 per month, one-bedroom units average $3,002 per month, two-bedrooms cost around $3,652 per month, and three-bedroom apartments rent for about $5,204 per month

What is the average apartment size in Downtown Chicago?

The typical apartment in Downtown Chicago offers about 794 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Downtown Chicago?

Studio apartments in Downtown Chicago average 492 sq. ft., one-bedrooms offer 736 sq. ft., two-bedrooms are about 1,094 sq. ft., and three-bedroom apartments average 1,189 sq. ft.

Downtown Chicago, Chicago, IL Rental Market Trends

Q: What's the typical rent budget in Downtown Chicago?

The typical rent budget in Downtown Chicago ranges from $2,001 to $2,500 per month, with 39% of rentals in this range.

Q: Do most people rent or own in Downtown Chicago?

In Downtown Chicago, 61% of households rent while 39% own their homes, based on the latest U.S. Census data.

Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Downtown Chicago is $3,157, a 4.59% increase compared to the previous year, when the average rent was $3,019.

Studio Apartments at $2,237 offer the most budget-friendly option with 492 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 736 square feet for $3,002, balancing privacy and affordability.

Two-beedroom units at $3,652 offer 1,094 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,189 sq ft) for $5,204, suitable for larger households.

Average rent in Downtown Chicago, Chicago, IL

Last updated: November 18, 2025

	Average Rent	Average Apartment Size
All Rentals	$3,157	794 sq. ft.
Studio	$2,237	492 sq. ft.
1 Bed	$3,002	736 sq. ft.
2 Beds	$3,652	1,094 sq. ft.
3 Beds	$5,204	1,189 sq. ft.

Downtown Chicago, Chicago, IL rent trends

Rental prices in Downtown Chicago, Chicago, IL have increased by 4.59% over the past year. The average rent moved from $3,019 to $3,157.

What's the typical rent budget in Downtown Chicago, Chicago, IL?

The largest share of rentals in Downtown Chicago, Chicago, IL (39%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Downtown Chicago, Chicago, IL?

8,765 or 61% of the households in Downtown Chicago, Chicago, IL are renter-occupied while 5,497 or 39% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

Most affordable neighborhoods in Downtown Chicago?

Austin $1,008/month

Washington Park $1,205/month

Budlong Woods $1,262/month

All of these neighborhoods fall below the city wide average of $2,432/month.

Most expensive neighborhoods in Downtown Chicago?

River North $3,326/month

Wrightwood $3,579/month

Sheffield $3,583/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Chicago, IL By Neighborhood

Neighborhood	Average Rent
Sheffield	$3,583
Wrightwood	$3,579
River North	$3,326
Greektown	$3,297
Streeterville	$3,295
Fulton Market	$3,265
Downtown Chicago	$3,157
Near East Side Chicago	$3,089
Bucktown	$3,063
Old Town Chicago	$3,001
Old Town Triangle	$2,993
River West	$2,993
Near West Side	$2,964
Chicago Loop	$2,957
Wicker Park	$2,888
Goose Island	$2,882
Near North Side Chicago	$2,865
Fulton River District	$2,861
East Village	$2,800
Humboldt Park	$2,776
South Loop	$2,733
Tri-Taylor	$2,645
Gold Coast	$2,519
Printer's Row	$2,513
Cabrini - Green	$2,473
Lincoln Park	$2,348
Logan Square	$2,244
West Loop	$2,223
Little Italy	$2,166
Lakeview	$2,142
East Hyde Park	$2,055
Ravenswood	$2,019
Palmer Square	$1,931
Andersonville	$1,890
Clarendon Park	$1,889
Park West	$1,835
Kenwood	$1,827
Hyde Park	$1,785
Stateway Gardens	$1,738
Buena Park	$1,725
Uptown Chicago	$1,720
Margate Park	$1,574
Bryn Mawr Historic District	$1,546
Bronzeville	$1,491
Rogers Park	$1,483
Woodlawn	$1,482
West Rogers Park	$1,432
Edgewater Beach	$1,425
North Kenwood	$1,414
Englewood	$1,391
East Garfield Park	$1,384
Sheridan Park	$1,379
Jefferson Park	$1,345
Edgewater	$1,322
South Shore	$1,275
Budlong Woods	$1,262
Washington Park	$1,205
Austin	$1,008

Chicago | Rent Comparison by Neighborhood

Rent in Downtown Chicago is 67% higher than in Andersonville

$3,157

Downtown Chicago rent is the same as Chicago average

Average Rent $3,157

$1,890

Andersonville rent is 40% lower than Chicago average

Average Rent $1,890

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 Downtown 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.