Chicago, IL Rent Trends
Rank #15, last updated April 24
To calculate the apartment rental trends in each city or neighborhood, ApartmentAdvisor evaluates thousands of available apartment listings in a given market and updates this information daily.
What is the average rent in Chicago?
The average rent of a studio apartment in Chicago, IL is $1,558. The average rent of a 1-bedroom in Chicago, IL is $1,995. The average rent of a 2-bedroom in Chicago, IL is $2,300. The average rent of a 3-bedroom in Chicago, IL is $2,898.
Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.
Rent Prices Over Time in Chicago
Apartment Rent Ranges in Chicago
The monthly rent for apartments in Chicago, IL ranges from $700 to $3,500+.
$700 - $1,400
$1,400 - $2,100
$2,100 - $2,800
$2,800 - $3,500
$3,500+
What is the average apartment size in Chicago?
The average size of a Chicago, IL apartment is 805 square feet, while the median apartment size for Chicago, IL is 762 square feet. However, square footage varies based on unit type. Most rentals in Chicago, IL (37.98%) are 1 bedroom apartments, while the fewest (13.94%) are 3+ bedroom apartments. Meanwhile, 2 bedroom apartments account for 27.9%, and studio apartments make up 20.18%.
Studio
One bedroom
Two bedrooms
Three+ bedrooms
What is the average rent for various neighborhoods in Chicago?
| Studio | 1 bed | 2 beds | 3+ beds | |
|---|---|---|---|---|
| Albany Park | $991 | $1,375 | $1,600 | $2,523 |
| Ashburn | * | $2,454 | $1,700 | * |
| Auburn Gresham | * | * | $1,225 | $1,450 |
| Austin | * | $1,060 | $1,350 | $1,275 |
| Beverly | * | $1,500 | $1,700 | * |
| Douglas | $1,259 | $1,493 | $2,229 | * |
| Edgewater | $1,144 | $1,500 | $2,249 | $3,000 |
| Englewood | * | * | $1,050 | $1,425 |
| Grand Boulevard | * | * | $1,638 | $2,062 |
| Hermosa | * | $1,325 | $1,450 | $2,095 |
| Humboldt Park | $1,156 | * | $1,595 | $2,100 |
| Hyde Park | $1,058 | $1,492 | $2,044 | $2,450 |
| Irving Park | * | $1,420 | $1,750 | $2,400 |
| Lake View | $1,400 | $1,996 | $2,590 | $3,873 |
| Lincoln Park | $1,670 | $2,312 | $2,446 | $4,200 |
| Lincoln Square | $1,288 | $1,595 | $2,395 | * |
| Logan Square | $1,348 | $1,817 | $2,000 | $2,593 |
| Lower West Side | * | $1,450 | $1,850 | $2,700 |
| Morgan Park | * | $1,500 | $1,698 | * |
| Near North Side | $2,183 | $2,653 | $3,895 | $5,485 |
| Near South Side | $1,900 | $2,212 | $2,650 | $3,850 |
| Near West Side | $2,182 | $2,585 | $3,700 | $3,795 |
| North Center | * | $1,825 | $2,350 | $4,095 |
| Portage Park | $1,125 | $1,350 | $1,750 | $2,200 |
| Rogers Park | $1,028 | $1,325 | $1,860 | $2,550 |
| South Shore | $1,100 | $1,100 | $1,325 | $1,475 |
| Uptown | $1,283 | $1,614 | $2,525 | $2,865 |
| West Ridge | * | $1,300 | $1,550 | $2,225 |
| West Town | $1,938 | $2,388 | $2,410 | $3,300 |
Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.
* Insufficient data to calculate value
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