Average Rent in Chicago, IL

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Current Versus Historical Chicago, IL Rents

Chicago rentals average $1,360 for a studio rental to $3,585 for a 4-bedroom rental. The median price of all currently available listings is $2,150, or roughly $2 per square feet.

For the apartment units and housing in January 2025, median rents have risen over the last year. Studio rentals prices have increased by $152 (12.15%) year-over-year from $1,248 to $1,400. 1-bedroom rentals prices have increased by $152 (8.43%) year-over-year from $1,798 to $1,950. 2-bedroom rentals prices have increased by $38 (1.64%) year-over-year from $2,310 to $2,348. 3-bedroom rentals prices have decreased by $75 (-2.90%) year-over-year from $2,575 to $2,500. 4-bedroom rentals prices have increased by $509 (17.78%) year-over-year from $2,863 to $3,373. 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 10.40% this month. 1-bedroom rents have gone down by 6.33% this month. 2-bedroom rents have gone down by 2.83% this month. 3-bedroom rents have gone down by 6.83% this month. 4-bedroom rents have gone down by 1.92% this month.

Beds	Price / Sqft	Jan 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.17	$1,400	$1,248 (12.15%)	$1,318 (6.26%)
1 BR	$2.72	$1,950	$1,798 (8.43%)	$1,713 (13.85%)
2 BR	$2.25	$2,348	$2,310 (1.64%)	$1,916 (22.52%)
3 BR	$1.84	$2,500	$2,575 (-2.90%)	$2,191 (14.12%)
4+ BR	$1.82	$3,373	$2,863 (17.78%)	$2,833 (19.03%)

Historical Rents in Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Chicago

There are a total of 4 cities nearby Chicago. The average rent in Chicago is currently $2,597 per month. Our records show that Schaumburg, IL, with an average rent of $2,250, is the most affordable city nearby. In contrast, the most expensive city near Chicago, IL is Naperville, IL. Monthly rents here are on average $2,925 per month.

Let's compare Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 4.57% more expensive. Two bedrooms in Chicago, IL are about 5.11% more affordable. Finally, rent for three bedrooms are about 20.50% more affordable. Want more information? Check out the top 4 cities near Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$2,056	$2,400	$2,250
Aurora, IL	N/A	$1,475	$2,148	$2,435
Evanston, IL	N/A	$2,100	$2,897	$2,760
Naperville, IL	N/A	N/A	$2,225	$2,925

Top Neighborhoods Near Chicago

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

The average rent for these 16 neighborhoods in or near Chicago, IL is currently around $2,273 per month. A total of 7 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $2,273. Interestingly, the neighborhoods' average rent is higher than Chicago's average rent, which is only $2,150. Out of all the neighborhoods in or near Chicago, South Shore has the most affordable average rent at $1,463 per month. Whereas, at $3,275 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	$895	$1,200	$1,450	$1,463
Uptown, Chicago, IL	$1,195	$1,625	$2,455	$1,650
Rogers Park, Chicago, IL	$1,200	$1,544	$1,850	$1,650
Edgewater, Chicago, IL	$1,320	$1,650	$2,200	$1,750
Pilsen, Chicago, IL	N/A	$1,600	$1,645	$1,950
West Rogers Park, Chicago, IL	N/A	$1,573	$1,950	$2,025
Humboldt Park, Chicago, IL	N/A	N/A	$1,650	$2,083
Bronzeville, Chicago, IL	$1,258	$1,723	$2,065	$2,245
Hyde Park, Chicago, IL	$1,150	$1,475	$1,895	$2,300
Lakeview, Chicago, IL	$1,500	$1,995	$2,675	$2,395
Logan Square, Chicago, IL	$1,600	$2,389	$2,350	$2,400
South Loop, Chicago, IL	$1,750	$2,200	$2,800	$2,530
West Town, Chicago, IL	$2,360	$2,339	$2,550	$2,900
Near North Side, Chicago, IL	$1,800	$2,450	$3,800	$2,995
Near West Side, Chicago, IL	N/A	$2,595	$3,250	$3,198
The Loop, Chicago, IL	$1,975	$2,500	$3,425	$3,275

Top Counties Near Chicago

There are a total of 16 counties located by Chicago, IL. Some of these counties include Chicago, IL, Downers Grove, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,375. 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 Chicago, IL. It's average rent per month is $2,150. Vice versa, with an average rent of $2,760, Evanston, IL is the most expensive county by Chicago, IL.

In comparison, rent for one bedroom listings in Chicago, IL is 0.03% more expensive than other counties nearby. Finally, rent for two bedrooms in Chicago, IL is 2.84% more affordable than other counties nearby. We've listed the top 8 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,360	$1,850	$2,200	$2,150
Downers Grove, IL	N/A	$1,849	$2,199	$2,199
Schaumburg, IL	N/A	$2,128	$2,250	$2,203
Milton, IL	N/A	$1,800	$2,249	$2,249
Libertyville, IL	N/A	$2,160	$2,400	$2,501
Naperville, IL	N/A	N/A	$2,275	$2,600
Leyden, IL	N/A	$1,300	$2,650	$2,650
Evanston, IL	N/A	$2,100	$2,897	$2,760

Top Zipcodes Near Chicago

There are a total of 2 zipcodes in or near Chicago, IL. The average rent for all of these zipcodes is $2,200.

The following chart includes the top 2 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	$1,795	$1,995	$2,100	$2,400
60615, Chicago, IL	$1,178	$1,800	$1,838	$2,000

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 $2,150. 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 $1,360 and an average price per square feet of $3.17. There are a total of 282 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 $1,850 and an average price per square feet of $2.72. There are a total of 748 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 $2.25. There are a total of 1,107 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 0.12%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by -0.03% year-over-year.

What is a reasonable rent price in Chicago, IL?

A reasonable rent price in Chicago, IL is around $1,720/month. You can search for these reasonably priced rental listings on RentHop.