Little Italy, Chicago, IL Rental Market Trends
Last updated: October 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Little Italy is $2,318, a 7.2% increase compared to the previous year, when the average rent was $2,162.
Studio Apartments at $2,275 offer the most budget-friendly option with 572 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 707 square feet for $2,390, balancing privacy and affordability.
Two-bedroom units at $2,435 offer 982 square feet, perfect for roommates or small families.
Average rent in Little Italy, Chicago, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,318 | 832 sq. ft. |
| Studio | $2,275 | 572 sq. ft. |
| 1 Bed | $2,390 | 707 sq. ft. |
| 2 Beds | $2,435 | 982 sq. ft. |
| 3 Beds | n/a | n/a |
Little Italy, Chicago, IL rent trends
Rental prices in Little Italy, Chicago, IL have increased by 7.2% over the past year. The average rent moved from $2,162 to $2,318.
What's the typical rent budget in Little Italy, Chicago, IL?
The largest share of rentals in Little Italy, Chicago, IL (66%) 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 Little Italy, Chicago, IL?
1,979 or 59% of the households in Little Italy, Chicago, IL are renter-occupied while 1,350 or 41% are owner-occupied.
Most affordable neighborhoods in Little Italy?
Austin $1,180/month
Washington Park $1,253/month
Englewood $1,270/month
All of these neighborhoods fall below the city wide average of $2,531/month.Most expensive neighborhoods in Little Italy?
River North $3,419/month
Wrightwood $3,783/month
Sheffield $4,051/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Chicago, IL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sheffield | $4,051 |
| Wrightwood | $3,783 |
| River North | $3,419 |
| Fulton Market | $3,369 |
| Greektown | $3,362 |
| Bucktown | $3,361 |
| Streeterville | $3,250 |
| Old Town Chicago | $3,187 |
| Downtown Chicago | $3,130 |
| Goose Island | $3,101 |
| Near East Side Chicago | $3,100 |
| Near West Side | $3,091 |
| West Town | $3,054 |
| River West | $3,044 |
| Old Town Triangle | $3,033 |
| Wicker Park | $3,009 |
| Fulton River District | $2,996 |
| Chicago Loop | $2,991 |
| Near North Side Chicago | $2,909 |
| East Village | $2,860 |
| Tri-Taylor | $2,850 |
| South Loop | $2,802 |
| Humboldt Park | $2,791 |
| Gold Coast | $2,670 |
| Cabrini - Green | $2,567 |
| West Loop | $2,472 |
| Printer's Row | $2,463 |
| Lincoln Park | $2,428 |
| Little Italy | $2,318 |
| Lakeview | $2,302 |
| Logan Square | $2,296 |
| Ravenswood | $2,135 |
| Palmer Square | $2,122 |
| East Hyde Park | $2,114 |
| Andersonville | $2,012 |
| Park West | $1,987 |
| Kenwood | $1,976 |
| Clarendon Park | $1,964 |
| Stateway Gardens | $1,948 |
| Bronzeville | $1,828 |
| Bryn Mawr Historic District | $1,782 |
| Oakland | $1,781 |
| Buena Park | $1,770 |
| Margate Park | $1,764 |
| Hyde Park | $1,714 |
| Uptown Chicago | $1,676 |
| Woodlawn | $1,631 |
| West Rogers Park | $1,616 |
| Rogers Park | $1,539 |
| North Kenwood | $1,509 |
| Edgewater Beach | $1,506 |
| East Garfield Park | $1,502 |
| Sheridan Park | $1,442 |
| South Shore | $1,381 |
| Jefferson Park | $1,345 |
| Edgewater | $1,326 |
| Douglas Park | $1,294 |
| Englewood | $1,270 |
| Washington Park | $1,253 |
| Austin | $1,180 |
Chicago | Rent Comparison by Neighborhood
Rent in Little Italy is 15% higher than in Andersonville
Little Italy rent is the same as Chicago average
Andersonville rent is 13% lower than Chicago average
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 Little Italy 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.