Chicago, IL Rent Trends

Rank #5, last updated March 18

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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 $1,970. The average rent of a 1-bedroom in Chicago, IL is $2,470. The average rent of a 2-bedroom in Chicago, IL is $2,695. The average rent of a 3-bedroom in Chicago, IL is $2,932.

Studio

$1,970


1 bed

$2,470


2 beds

$2,695


3+ beds

$2,932

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 $600 to $4,200+.

$600 - $1,500

$1,500 - $2,400

$2,400 - $3,300

$3,300 - $4,200

$4,200+

What is the average apartment size in Chicago?

The average size of a Chicago, IL apartment is 797 square feet, while the median apartment size for Chicago, IL is 746 square feet. However, square footage varies based on unit type. Most rentals in Chicago, IL (40.14%) are 1 bedroom apartments, while the fewest (9.09%) are 3+ bedroom apartments. Meanwhile, 2 bedroom apartments account for 25.73%, and studio apartments make up 25.04%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Chicago?

Studio1 bed2 beds3+ beds
Albany Park$1,550$1,625$1,798$2,200
Auburn Gresham*$1,100$1,400$1,750
Austin$1,133$1,250$1,260$1,700
Belmont Cragin*$1,400$1,800$2,300
Chatham*$1,100$1,370$1,775
Chicago Lawn$945$1,288$1,358*
Douglas$1,345*$2,265$2,150
Dunning*$2,500$2,700$4,000
East Garfield Park**$2,895$2,249
Edgewater$1,298$1,695$2,550$2,900
Grand Boulevard*$1,495$1,868$2,450
Greater Grand Crossing**$1,375$1,475
Humboldt Park$1,250$1,650$1,550$2,300
Hyde Park$1,131$1,366$2,100$3,300
Irving Park$1,324$1,525$1,967$2,700
Kenwood*$1,668$2,175*
Lake View$1,480$2,265$2,895$4,648
Lincoln Park$1,818$2,625$3,995$4,495
Lincoln Square$1,550$1,733$2,075$2,500
Logan Square$1,350$1,885$2,115$2,830
Lower West Side*$1,650$1,800$2,798
Near North Side$2,442$2,895$4,229$6,193
Near South Side$2,031$2,495$3,300$3,900
Near West Side$2,255$2,738$3,751$4,993
North Center*$2,025$2,330*
North Lawndale**$1,673$1,950
Portage Park$1,275$1,525$1,723$2,400
Rogers Park$1,250$1,500$1,900$3,163
South Lawndale*$1,325$1,300*
South Shore$995$1,253$1,500$1,725
Uptown$1,545$1,995$2,556$3,400
Washington Park**$1,350$1,850
West Garfield Park**$1,486$1,800
West Ridge$1,300$1,550$1,896$2,395
West Town$2,213$2,770$3,050$4,575

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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