Old Town Chicago, Chicago, Cook County, IL Rental Market Trends
Last updated: June 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Old Town Chicago is $3,149, a 9.1% increase compared to the previous year, when the average rent was $2,886.
Studio Apartments at $2,551 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 $2,928, balancing privacy and affordability.
Two-beedroom units at $3,934 offer 1,105 square feet, perfect for roommates or small families.
Average rent in Old Town Chicago, Chicago, Cook County, IL
Last updated: June 02, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $3,149 | 805 sq. ft. |
| Studio | $2,551 | 663 sq. ft. |
| 1 Bed | $2,928 | 711 sq. ft. |
| 2 Beds | $3,934 | 1,105 sq. ft. |
| 3 Beds | n/a | n/a |
Old Town Chicago, Chicago, Cook County, IL rent trends
Rental prices in Old Town Chicago, Chicago, Cook County, IL have increased by 9.1% over the past year. The average rent moved from $2,886 to $3,149.
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 (46%) 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?
3,549 or 66% of the households in Old Town Chicago, Chicago, Cook County, IL are renter-occupied while 1,861 or 34% are owner-occupied.
Most affordable neighborhoods in Old Town Chicago?
Austin $1,108/month
Washington Park $1,211/month
Douglas Park $1,291/month
All of these neighborhoods fall below the city wide average of $2,494/month.Most expensive neighborhoods in Old Town Chicago?
River North $3,420/month
Wrightwood $3,782/month
Sheffield $3,905/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Chicago, IL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sheffield | $3,905 |
| Wrightwood | $3,782 |
| River North | $3,420 |
| Greektown | $3,419 |
| Fulton Market | $3,357 |
| Streeterville | $3,300 |
| West Town | $3,189 |
| Near East Side Chicago | $3,170 |
| Old Town Chicago | $3,149 |
| Goose Island | $3,132 |
| Bucktown | $3,093 |
| Downtown Chicago | $3,084 |
| Old Town Triangle | $3,080 |
| Near West Side | $3,020 |
| Chicago Loop | $3,013 |
| River West | $3,002 |
| Fulton River District | $2,973 |
| Near North Side Chicago | $2,958 |
| Wicker Park | $2,957 |
| Humboldt Park | $2,791 |
| East Village | $2,762 |
| South Loop | $2,735 |
| Gold Coast | $2,653 |
| Tri-Taylor | $2,639 |
| Cabrini - Green | $2,503 |
| Printer's Row | $2,462 |
| West Loop | $2,457 |
| Lincoln Park | $2,408 |
| Little Italy | $2,232 |
| Logan Square | $2,224 |
| Lakeview | $2,200 |
| Ravenswood | $2,111 |
| East Hyde Park | $2,038 |
| Palmer Square | $2,022 |
| Andersonville | $1,991 |
| Oakland | $1,959 |
| Clarendon Park | $1,957 |
| Kenwood | $1,929 |
| Park West | $1,904 |
| Stateway Gardens | $1,884 |
| Hyde Park | $1,801 |
| Uptown Chicago | $1,765 |
| Buena Park | $1,735 |
| Margate Park | $1,598 |
| Bronzeville | $1,592 |
| Bryn Mawr Historic District | $1,572 |
| North Kenwood | $1,513 |
| Rogers Park | $1,509 |
| West Rogers Park | $1,496 |
| Woodlawn | $1,472 |
| East Garfield Park | $1,435 |
| Edgewater Beach | $1,433 |
| South Shore | $1,352 |
| Jefferson Park | $1,345 |
| Sheridan Park | $1,335 |
| Edgewater | $1,326 |
| Englewood | $1,305 |
| Douglas Park | $1,291 |
| Washington Park | $1,211 |
| Austin | $1,108 |
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Chicago | Rent Comparison by Neighborhood
Rent in Old Town Chicago is 58% higher than in Andersonville
$3,149
Old Town Chicago rent is the same as Chicago average
Average Rent
$3,149
$1,991
Andersonville rent is 37% lower than Chicago average
Average Rent
$1,991
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.