Average Rent in Albany Park, Chicago, IL

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Current Versus Historical Albany Park, Chicago, IL Rents

Albany Park rentals average $1,425 for a 1-bedroom rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,875, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $805 (115.67%) year-over-year from $696 to $1,500. 1-bedroom rentals prices have increased by $164 (12.64%) year-over-year from $1,298 to $1,463. 2-bedroom rentals prices have increased by $235 (13.70%) year-over-year from $1,715 to $1,950. 3-bedroom rentals prices have increased by $518 (25.18%) year-over-year from $2,057 to $2,575. 4-bedroom rentals prices have decreased by $517 (-14.69%) year-over-year from $3,517 to $3,000. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 21.21% this month. 1-bedroom rents have gone up by 2.15% this month. 2-bedroom rents have gone up by 13.04% this month. 3-bedroom rents have gone up by 8.46% this month. 4-bedroom rents have gone down by 2.17% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$1.79	$1,463	$1,298 (12.64%)	$1,107 (32.15%)
2 BR	$1.92	$1,950	$1,715 (13.70%)	$1,387 (40.63%)
3 BR	$1.58	$2,575	$2,057 (25.18%)	$1,700 (51.47%)

Historical Rents in Albany Park, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Albany Park

There are a total of 7 cities nearby Albany Park. The average rent in Albany Park is currently $2,455 per month. Our records show that Chicago, IL, with an average rent of $2,100, is the most affordable city nearby. In contrast, the most expensive city near Albany Park, Chicago, IL is Evanston, IL. Monthly rents here are on average $2,804 per month.

Let's compare Albany Park, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 54.46% more affordable. Two bedrooms in Albany Park, Chicago, IL are about 15.38% more affordable. Finally, rent for three bedrooms are about 16.80% more affordable. Want more information? Check out the top 7 cities near Albany Park, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,350	$1,800	$2,200	$2,100
Schaumburg, IL	N/A	$2,201	$2,250	$2,289
Aurora, IL	N/A	$1,400	$2,173	$2,300
Wheaton, IL	N/A	$1,950	$2,720	$2,455
Naperville, IL	N/A	$2,415	$2,250	$2,615
Oak Park, IL	N/A	$2,250	$2,650	$2,750
Evanston, IL	$1,853	$2,350	$2,925	$2,804

Top Neighborhoods Near Albany Park

There are a total of 19 neighborhoods in or near Albany Park. Some of these neighborhoods include South Shore, Rogers Park, and Uptown. We've included all of these top 19 neighborhoods in or near Albany Park, Chicago, IL in the following chart.

The average rent for these 19 neighborhoods in or near Albany Park, Chicago, IL is currently around $2,273 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only fourteen neighborhoods have a higher average rent than $2,273. Interestingly, the neighborhoods' average rent is higher than Albany Park's average rent, which is only $1,875. Out of all the neighborhoods in or near Albany Park, South Shore has the most affordable average rent at $1,550 per month. Whereas, at $2,950 average rent per month, Near West Side is the most expensive neighborhood in or near Albany Park. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$1,050	$1,175	$1,375	$1,550
Rogers Park, Chicago, IL	$1,200	$1,535	$1,863	$1,650
Uptown, Chicago, IL	$1,200	$1,600	$2,350	$1,695
Edgewater, Chicago, IL	$1,275	$1,650	$2,100	$1,720
West Rogers Park, Chicago, IL	N/A	$1,500	$1,878	$1,860
Pilsen, Chicago, IL	$1,495	$1,450	$1,900	$2,100
Ravenswood, Chicago, IL	$1,338	$1,675	$2,200	$2,100
Hyde Park, Chicago, IL	$1,200	$1,523	$1,975	$2,153
Humboldt Park, Chicago, IL	N/A	$1,963	$1,700	$2,163
Bronzeville, Chicago, IL	$1,325	$1,675	$1,992	$2,273
Logan Square, Chicago, IL	$1,395	$1,700	$2,200	$2,300
Lincoln Park, Chicago, IL	$1,585	$2,198	$3,650	$2,300
Lakeview, Chicago, IL	$1,445	$1,857	$2,600	$2,400
South Loop, Chicago, IL	$1,735	$2,000	$2,900	$2,650
The Loop, Chicago, IL	$1,900	$2,150	$3,000	$2,700
Bucktown, Chicago, IL	N/A	$1,836	$2,725	$2,713
Near North Side, Chicago, IL	$1,730	$2,300	$3,600	$2,800
West Town, Chicago, IL	$2,235	$2,243	$2,846	$2,950
Near West Side, Chicago, IL	N/A	$2,400	$2,875	$2,950

Top Counties Near Albany Park

There are a total of 19 counties located by Albany Park, Chicago, IL. Some of these counties include Proviso, IL, Downers Grove, IL, and Chicago, IL. The average rent for rentals in these counties is $2,550. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Proviso, IL. It's average rent per month is $1,800. Vice versa, with an average rent of $3,200, Vernon, IL is the most expensive county by Albany Park, Chicago, IL.

In comparison, rent for one bedroom listings in Albany Park, Chicago, IL is 27.95% more affordable than other counties nearby. Finally, rent for two bedrooms in Albany Park, Chicago, IL is 16.65% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Proviso, IL	$1,195	$1,375	$1,600	$1,800
Downers Grove, IL	N/A	$1,847	$2,050	$2,050
Chicago, IL	$1,350	$1,800	$2,200	$2,100
Schaumburg, IL	N/A	$2,131	$2,100	$2,250
Milton, IL	N/A	$1,950	$2,409	$2,364
Maine, IL	N/A	$1,400	$2,250	$2,600
Oak Park, IL	N/A	$2,250	$2,650	$2,750
Evanston, IL	$1,853	$2,350	$2,925	$2,804
York, IL	N/A	$1,935	$2,806	$2,850
Vernon, IL	N/A	N/A	$2,350	$3,200

Top Zipcodes Near Albany Park

There are a total of 5 zipcodes in or near Albany Park, Chicago, IL. The average rent for all of these zipcodes is $2,000.

The following chart includes the top 5 zipcodes in Albany Park, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60625, Chicago, IL	$1,300	$1,400	$1,863	$2,000
60618, Chicago, IL	$1,625	$1,625	$2,000	$2,000
60641, Chicago, IL	$1,025	$1,300	$1,750	$1,900
60201, Evanston, IL	$2,306	$2,400	$3,475	$2,950
60615, Chicago, IL	$1,200	$1,499	$1,950	$2,150

Frequently Asked Questions - Albany Park Average Rents

What is the average rent price in Albany Park, Chicago, IL?

The average monthly rental price for Albany Park, Chicago, IL apartments for rent is approximately $1,875. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Albany Park, Chicago, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Albany Park, Chicago, IL.

How much is a studio apartment in Albany Park, Chicago, IL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Albany Park.

How much is a one bedroom apartment in Albany Park, Chicago, IL?

The average monthly rental price for one bedroom apartments is $1,425 and an average price per square feet of $1.79. There are a total of 11 one bedroom apartment listings currently available for rent in Albany Park.

How much is a two bedroom apartment in Albany Park, Chicago, IL?

The average monthly rental price for two bedroom apartments is $1,950 and an average price per square feet of $1.92. There are a total of 24 two bedroom apartment listings currently available for rent in Albany Park.

How have rent prices in Albany Park, Chicago, IL changed this year?

Rent prices for rentals in Albany Park, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 1.16%, one bedroom rental prices have changed by 0.13%, two bedroom rental prices have changed by 0.14%, and three bedroom rental prices have changed by 0.25% year-over-year.

What is a reasonable rent price in Albany Park, Chicago, IL?

A reasonable rent price in Albany Park, Chicago, IL is around $1,500/month. You can search for these reasonably priced rental listings on RentHop.