Average Rent in Albany Park, Chicago, IL

Home » IL » Chicago » Albany Park

Current Versus Historical Albany Park, Chicago, IL Rents

Albany Park rentals average $0 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,925, or roughly $2 per square feet.

For the apartment units and housing in December 2024, median rents have risen over the last year. Studio rentals prices have increased by $396 (56.29%) year-over-year from $704 to $1,100. 1-bedroom rentals prices have increased by $125 (9.43%) year-over-year from $1,325 to $1,450. 2-bedroom rentals prices have increased by $273 (16.87%) year-over-year from $1,615 to $1,888. 3-bedroom rentals prices have increased by $313 (15.05%) year-over-year from $2,082 to $2,395. 4-bedroom rentals prices have decreased by $872 (-23.75%) year-over-year from $3,672 to $2,800. 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 down by 14.01% this month. 1-bedroom rents have gone down by 2.25% this month. 2-bedroom rents have gone up by 8.11% this month. 3-bedroom rents have gone up by 2.79% this month. 4-bedroom rents have gone down by 4.55% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.35	$1,450	$1,325 (9.43%)	$1,088 (33.33%)
2 BR	$1.96	$1,888	$1,615 (16.87%)	$1,413 (33.55%)
3 BR	$1.90	$2,395	$2,082 (15.05%)	$1,708 (40.20%)

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 $2,400 per month. Our records show that Chicago, IL, with an average rent of $2,165, 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 $2,730 per month.

Let's compare Albany Park, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 28.21% more affordable. Two bedrooms in Albany Park, Chicago, IL are about 20.51% more affordable. Finally, rent for three bedrooms are about 9.71% 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	$1,395	$1,887	$2,250	$2,165
Schaumburg, IL	N/A	$2,186	$2,350	$2,253
Wheaton, IL	N/A	$1,859	$2,699	$2,271
Aurora, IL	N/A	$1,523	$2,300	$2,400
Naperville, IL	N/A	$1,490	$2,250	$2,560
Oak Park, IL	N/A	$1,600	$2,650	$2,650
Evanston, IL	N/A	$2,100	$2,700	$2,730

Top Neighborhoods Near Albany Park

There are a total of 16 neighborhoods in or near Albany Park. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 16 neighborhoods in or near Albany Park, Chicago, IL in the following chart.

The average rent for these 16 neighborhoods in or near Albany Park, Chicago, IL is currently around $2,202 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only eleven neighborhoods have a higher average rent than $2,202. Interestingly, the neighborhoods' average rent is higher than Albany Park's average rent, which is only $1,925. Out of all the neighborhoods in or near Albany Park, South Shore has the most affordable average rent at $1,250 per month. Whereas, at $3,100 average rent per month, The Loop 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	$1,018	$1,175	$1,238	$1,250
Uptown, Chicago, IL	$1,198	$1,650	$2,233	$1,650
Rogers Park, Chicago, IL	$1,188	$1,525	$1,900	$1,650
Edgewater, Chicago, IL	$1,325	$1,675	$2,195	$1,814
Humboldt Park, Chicago, IL	N/A	$2,150	$1,600	$1,900
Pilsen, Chicago, IL	N/A	$1,450	$1,595	$2,100
West Rogers Park, Chicago, IL	N/A	$1,725	$1,925	$2,200
Woodlawn, Chicago, IL	N/A	$1,700	$1,675	$2,200
Bronzeville, Chicago, IL	N/A	$1,900	$2,200	$2,203
Logan Square, Chicago, IL	$1,600	$2,100	$2,150	$2,295
Lakeview, Chicago, IL	$1,595	$1,900	$2,798	$2,439
South Loop, Chicago, IL	$1,775	$2,200	$2,900	$2,700
Near West Side, Chicago, IL	N/A	$2,407	$2,900	$2,725
West Town, Chicago, IL	$2,413	$2,600	$2,842	$2,863
Near North Side, Chicago, IL	$1,785	$2,400	$3,798	$2,900
The Loop, Chicago, IL	$2,000	$2,400	$3,200	$3,100

Top Counties Near Albany Park

There are a total of 16 counties located by Albany Park, Chicago, IL. Some of these counties include Chicago, IL, Downers Grove, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,450. That's roughly around $2 per sqft. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,165. Vice versa, with an average rent of $2,730, Evanston, IL is the most expensive county by Albany Park, Chicago, IL.

In comparison, rent for one bedroom listings in Albany Park, Chicago, IL is 28.21% more affordable than other counties nearby. Finally, rent for two bedrooms in Albany Park, Chicago, IL is 17.95% more affordable than other counties nearby. We've listed the top 9 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,395	$1,887	$2,250	$2,165
Downers Grove, IL	N/A	$1,850	$2,210	$2,208
Schaumburg, IL	N/A	$2,127	$2,195	$2,250
Milton, IL	N/A	$1,859	$2,300	$2,260
Naperville, IL	N/A	N/A	$2,300	$2,450
Libertyville, IL	N/A	$1,966	$2,300	$2,500
Leyden, IL	N/A	$1,450	$2,550	$2,550
Oak Park, IL	N/A	$1,600	$2,650	$2,650
Evanston, IL	N/A	$2,100	$2,700	$2,730

Top Zipcodes Near Albany Park

There are a total of 4 zipcodes in or near Albany Park, Chicago, IL. The average rent for all of these zipcodes is $2,071.

The following chart includes the top 4 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	$1,548	$1,450	$2,050	$2,100
60618, Chicago, IL	$1,695	$1,700	$1,995	$2,048
60641, Chicago, IL	$948	$1,450	$1,750	$2,000
60615, Chicago, IL	$1,250	$1,460	$1,895	$2,095

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 $1,925. 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 1 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 $1,450 and an average price per square feet of $2.35. There are a total of 7 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 $1.96. There are a total of 21 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 0.56%, one bedroom rental prices have changed by 0.09%, two bedroom rental prices have changed by 0.17%, and three bedroom rental prices have changed by 0.15% 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 $1,540/month. You can search for these reasonably priced rental listings on RentHop.