Old Town Chicago, Chicago, Cook County, IL Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Old Town Chicago is $2,975, a 4.22% increase compared to the previous year, when the average rent was $2,854.
Studio Apartments at $2,054 offer the most budget-friendly option with 663 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 711 square feet for $2,858, balancing privacy and affordability.
Two-beedroom units at $3,938 offer 1,107 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,546 sq ft) for $6,389, suitable for larger households.
Average rent in Old Town Chicago, Chicago, Cook County, IL
Last updated: October 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,975 | 804 sq. ft. |
| Studio | $2,054 | 663 sq. ft. |
| 1 Bed | $2,858 | 711 sq. ft. |
| 2 Beds | $3,938 | 1,107 sq. ft. |
| 3 Beds | $6,389 | 1,546 sq. ft. |
Old Town Chicago, Chicago, Cook County, IL rent trends
Rental prices in Old Town Chicago, Chicago, Cook County, IL have increased by 4.22% over the past year. The average rent moved from $2,854 to $2,975.
What's the typical rent budget in Old Town Chicago, Chicago, Cook County, IL?
The largest share of rentals in Old Town Chicago, Chicago, Cook County, IL (39%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Old Town Chicago, Chicago, Cook County, IL?
17,844 or 66% of the households in Old Town Chicago, Chicago, Cook County, IL are renter-occupied while 9,301 or 34% are owner-occupied.
Most affordable neighborhoods in Old Town Chicago?
Austin $1,046/month
Jackson Park Highlands $1,105/month
Washington Park $1,227/month
All of these neighborhoods fall below the city wide average of $2,461/month.Most expensive neighborhoods in Old Town Chicago?
River North $3,349/month
Wrightwood $3,530/month
Sheffield $3,749/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Chicago, IL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sheffield | $3,749 |
| Wrightwood | $3,530 |
| River North | $3,349 |
| Downtown Chicago | $3,329 |
| Greektown | $3,315 |
| Fulton Market | $3,289 |
| Streeterville | $3,258 |
| Old Town Triangle | $3,105 |
| Bucktown | $3,074 |
| Near East Side Chicago | $3,038 |
| River West | $3,028 |
| Near West Side | $3,018 |
| Goose Island | $2,977 |
| Old Town Chicago | $2,975 |
| Wicker Park | $2,964 |
| Chicago Loop | $2,947 |
| Fulton River District | $2,916 |
| East Village | $2,846 |
| Near North Side Chicago | $2,845 |
| Humboldt Park | $2,825 |
| South Loop | $2,792 |
| Tri-Taylor | $2,667 |
| Printer's Row | $2,531 |
| Gold Coast | $2,526 |
| Cabrini - Green | $2,519 |
| Lincoln Park | $2,338 |
| Logan Square | $2,280 |
| West Loop | $2,267 |
| Little Italy | $2,230 |
| Lakeview | $2,165 |
| Ravenswood | $2,081 |
| Palmer Square | $2,042 |
| East Hyde Park | $2,003 |
| Clarendon Park | $1,970 |
| Andersonville | $1,949 |
| Kenwood | $1,886 |
| Stateway Gardens | $1,869 |
| Hyde Park | $1,815 |
| Park West | $1,801 |
| Uptown Chicago | $1,801 |
| Buena Park | $1,737 |
| Oakland | $1,690 |
| Woodlawn | $1,638 |
| Margate Park | $1,614 |
| Bronzeville | $1,608 |
| Bryn Mawr Historic District | $1,569 |
| West Rogers Park | $1,536 |
| North Kenwood | $1,535 |
| Rogers Park | $1,516 |
| East Garfield Park | $1,481 |
| Edgewater Beach | $1,457 |
| Englewood | $1,428 |
| Sheridan Park | $1,369 |
| Jefferson Park | $1,345 |
| Edgewater | $1,322 |
| South Shore | $1,305 |
| Budlong Woods | $1,277 |
| Washington Park | $1,227 |
| Jackson Park Highlands | $1,105 |
| Austin | $1,046 |
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Chicago | Rent Comparison by Neighborhood
Rent in Old Town Chicago is 53% higher than in Andersonville
$2,975
Old Town Chicago rent is the same as Chicago average
Average Rent
$2,975
$1,949
Andersonville rent is 34% lower than Chicago average
Average Rent
$1,949
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 Old Town 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.