Ravenswood, Chicago, IL Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Ravenswood is $2,111, a 10.99% increase compared to the previous year, when the average rent was $1,902.
Studio Apartments at $1,610 offer the most budget-friendly option with 447 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 649 square feet for $2,009, balancing privacy and affordability.
Two-beedroom units at $2,814 offer 980 square feet, perfect for roommates or small families.
Average rent in Ravenswood, Chicago, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,111 | 678 sq. ft. |
| Studio | $1,610 | 447 sq. ft. |
| 1 Bed | $2,009 | 649 sq. ft. |
| 2 Beds | $2,814 | 980 sq. ft. |
| 3 Beds | n/a | n/a |
Ravenswood, Chicago, IL rent trends
Rental prices in Ravenswood, Chicago, IL have increased by 10.99% over the past year. The average rent moved from $1,902 to $2,111.
What's the typical rent budget in Ravenswood, Chicago, IL?
The largest share of rentals in Ravenswood, Chicago, IL (35%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Ravenswood, Chicago, IL?
8,081 or 64% of the households in Ravenswood, Chicago, IL are renter-occupied while 4,560 or 36% are owner-occupied.
Most affordable neighborhoods in Ravenswood?
Austin $1,107/month
Washington Park $1,212/month
Englewood $1,307/month
All of these neighborhoods fall below the city wide average of $2,471/month.Most expensive neighborhoods in Ravenswood?
Greektown $3,370/month
Wrightwood $3,738/month
Sheffield $3,837/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Chicago, IL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sheffield | $3,837 |
| Wrightwood | $3,738 |
| Greektown | $3,370 |
| River North | $3,368 |
| Fulton Market | $3,331 |
| Streeterville | $3,254 |
| Near East Side Chicago | $3,121 |
| Old Town Chicago | $3,114 |
| Goose Island | $3,085 |
| Downtown Chicago | $3,066 |
| Bucktown | $3,040 |
| Old Town Triangle | $3,027 |
| Near West Side | $2,999 |
| River West | $2,994 |
| Chicago Loop | $2,981 |
| Wicker Park | $2,955 |
| Fulton River District | $2,935 |
| Near North Side Chicago | $2,928 |
| Humboldt Park | $2,791 |
| East Village | $2,760 |
| South Loop | $2,727 |
| Tri-Taylor | $2,639 |
| Gold Coast | $2,602 |
| Printer's Row | $2,465 |
| Cabrini - Green | $2,461 |
| Lincoln Park | $2,375 |
| West Loop | $2,362 |
| Little Italy | $2,236 |
| Logan Square | $2,223 |
| Lakeview | $2,199 |
| Ravenswood | $2,111 |
| East Hyde Park | $2,034 |
| Andersonville | $2,015 |
| Palmer Square | $2,009 |
| Oakland | $1,962 |
| Clarendon Park | $1,955 |
| Kenwood | $1,926 |
| Stateway Gardens | $1,887 |
| Park West | $1,887 |
| Hyde Park | $1,800 |
| Uptown Chicago | $1,746 |
| Buena Park | $1,706 |
| Bronzeville | $1,603 |
| Margate Park | $1,592 |
| Bryn Mawr Historic District | $1,570 |
| North Kenwood | $1,512 |
| Rogers Park | $1,506 |
| West Rogers Park | $1,500 |
| Woodlawn | $1,478 |
| East Garfield Park | $1,443 |
| Edgewater Beach | $1,418 |
| South Shore | $1,355 |
| Jefferson Park | $1,345 |
| Edgewater | $1,326 |
| Sheridan Park | $1,323 |
| Douglas Park | $1,309 |
| Englewood | $1,307 |
| Washington Park | $1,212 |
| Austin | $1,107 |
Chicago | Rent Comparison by Neighborhood
Rent in Ravenswood is 5% higher than in Andersonville
Ravenswood rent is the same as Chicago average
Andersonville rent is 5% 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 Ravenswood 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.