Average Rent in Chicago, IL

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Current Versus Historical Chicago, IL Rents

Chicago rentals average $1,350 for a studio rental to $3,650 for a 4-bedroom rental. The median price of all currently available listings is $2,100, or roughly $2 per square feet.

For the apartment units and housing in February 2025, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $5 (0.37%) year-over-year from $1,345 to $1,350. 1-bedroom rentals prices have decreased by $11 (-0.58%) year-over-year from $1,878 to $1,868. 2-bedroom rentals prices have decreased by $236 (-9.58%) year-over-year from $2,460 to $2,224. 3-bedroom rentals prices have decreased by $223 (-8.11%) year-over-year from $2,750 to $2,527. 4-bedroom rentals prices have increased by $337 (10.64%) year-over-year from $3,163 to $3,500. 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 13.05% this month. 1-bedroom rents have gone down by 9.16% this month. 2-bedroom rents have gone down by 8.84% this month. 3-bedroom rents have gone down by 7.12% this month. 4-bedroom rents have gone up by 0.28% this month.

Beds	Price / Sqft	Feb 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.22	$1,350	$1,345 (0.37%)	$1,416 (-4.65%)
1 BR	$2.73	$1,868	$1,878 (-0.58%)	$1,776 (5.15%)
2 BR	$2.22	$2,224	$2,460 (-9.58%)	$1,974 (12.65%)
3 BR	$1.85	$2,527	$2,750 (-8.11%)	$2,191 (15.35%)
4+ BR	$1.83	$3,500	$3,163 (10.64%)	$2,698 (29.71%)

Historical Rents in Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Chicago

There are a total of 5 cities nearby Chicago. The average rent in Chicago is currently $2,400 per month. Our records show that Wheaton, IL, with an average rent of $2,271, is the most affordable city nearby. In contrast, the most expensive city near Chicago, IL is Naperville, IL. Monthly rents here are on average $2,750 per month.

Let's compare Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 2.93% more affordable. Two bedrooms in Chicago, IL are about 7.14% more affordable. Finally, rent for three bedrooms are about 12.58% more affordable. Want more information? Check out the top 5 cities near Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Wheaton, IL	N/A	$1,899	$2,357	$2,271
Schaumburg, IL	N/A	$2,056	$2,603	$2,293
Aurora, IL	N/A	$1,635	$2,200	$2,400
Evanston, IL	$1,525	$2,100	$2,973	$2,745
Naperville, IL	N/A	N/A	$2,348	$2,750

Top Neighborhoods Near Chicago

There are a total of 15 neighborhoods in or near Chicago. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 15 neighborhoods in or near Chicago, IL in the following chart.

The average rent for these 15 neighborhoods in or near Chicago, IL is currently around $2,225 per month. A total of 6 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $2,225. Interestingly, the neighborhoods' average rent is higher than Chicago's average rent, which is only $2,100. Out of all the neighborhoods in or near Chicago, South Shore has the most affordable average rent at $1,500 per month. Whereas, at $3,450 average rent per month, The Loop is the most expensive neighborhood in or near Chicago. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$873	$1,150	$1,450	$1,500
Uptown, Chicago, IL	$1,198	$1,650	$2,300	$1,638
Rogers Park, Chicago, IL	$1,200	$1,550	$1,895	$1,725
Edgewater, Chicago, IL	$1,325	$1,678	$2,200	$1,750
Humboldt Park, Chicago, IL	N/A	$2,188	$1,750	$2,000
West Rogers Park, Chicago, IL	$1,963	$1,600	$2,025	$2,075
Pilsen, Chicago, IL	N/A	$1,525	$1,895	$2,148
Woodlawn, Chicago, IL	N/A	$1,600	$1,900	$2,225
Logan Square, Chicago, IL	$1,295	$2,095	$2,300	$2,250
Bronzeville, Chicago, IL	$1,060	$1,425	$2,185	$2,350
Hyde Park, Chicago, IL	$1,290	$1,548	$1,925	$2,398
Lakeview, Chicago, IL	$1,440	$1,898	$2,750	$2,400
South Loop, Chicago, IL	$1,625	$2,200	$3,000	$2,600
Near North Side, Chicago, IL	$1,765	$2,400	$4,200	$2,789
The Loop, Chicago, IL	$1,960	$2,600	$3,600	$3,450

Top Counties Near Chicago

There are a total of 15 counties located by Chicago, IL. Some of these counties include Downers Grove, IL, Chicago, IL, and Milton, IL. The average rent for rentals in these counties is $2,329. That's roughly around $2 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Downers Grove, IL. It's average rent per month is $2,100. Vice versa, with an average rent of $2,745, Evanston, IL is the most expensive county by Chicago, IL.

In comparison, rent for one bedroom listings in Chicago, IL is 2.93% more affordable than other counties nearby. Finally, rent for two bedrooms in Chicago, IL is 3.23% more affordable than other counties nearby. We've listed the top 7 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Downers Grove, IL	N/A	$1,749	$2,149	$2,100
Chicago, IL	$1,350	$1,845	$2,200	$2,100
Milton, IL	N/A	$1,899	$2,271	$2,271
Schaumburg, IL	N/A	$2,139	$2,450	$2,329
Naperville, IL	N/A	$1,910	$2,250	$2,600
Leyden, IL	N/A	$1,550	$2,750	$2,650
Evanston, IL	$1,525	$2,100	$2,973	$2,745

Top Zipcodes Near Chicago

There are a total of 3 zipcodes in or near Chicago, IL. The average rent for all of these zipcodes is $2,263.

The following chart includes the top 3 zipcodes in Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60618, Chicago, IL	$1,600	$1,750	$2,210	$2,398
60615, Chicago, IL	$1,250	$1,525	$2,125	$2,263
60641, Chicago, IL	$1,175	$1,400	$1,775	$1,775

Frequently Asked Questions - Chicago Average Rents

What is the average rent price in Chicago, IL?

The average monthly rental price for Chicago, IL apartments for rent is approximately $2,100. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 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 Chicago, IL.

How much is a studio apartment in Chicago, IL?

The average monthly rental price for studio apartments is $1,350 and an average price per square feet of $3.22. There are a total of 308 studio apartment listings currently available for rent in Chicago.

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

The average monthly rental price for one bedroom apartments is $1,845 and an average price per square feet of $2.73. There are a total of 701 one bedroom apartment listings currently available for rent in Chicago.

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

The average monthly rental price for two bedroom apartments is $2,200 and an average price per square feet of $2.22. There are a total of 1,105 two bedroom apartment listings currently available for rent in Chicago.

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

Rent prices for rentals in Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by -0.01%, two bedroom rental prices have changed by -0.10%, and three bedroom rental prices have changed by -0.08% year-over-year.

What is a reasonable rent price in Chicago, IL?

A reasonable rent price in Chicago, IL is around $1,680/month. You can search for these reasonably priced rental listings on RentHop.