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 $3,695 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 March 2025, median rents have risen substantially over the last year. Studio rentals prices have increased by $107 (8.34%) year-over-year from $1,278 to $1,385. 1-bedroom rentals prices have increased by $202 (11.25%) year-over-year from $1,793 to $1,995. 2-bedroom rentals prices have decreased by $7 (-0.29%) year-over-year from $2,267 to $2,260. 3-bedroom rentals prices have decreased by $109 (-4.06%) year-over-year from $2,684 to $2,575. 4-bedroom rentals prices have increased by $72 (2.09%) year-over-year from $3,428 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 9.58% this month. 1-bedroom rents have gone down by 3.31% this month. 2-bedroom rents have gone down by 6.55% this month. 3-bedroom rents have gone down by 6.22% this month. 4-bedroom rents have gone down by 0.47% this month.

Beds	Price / Sqft	Mar 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.28	$1,385	$1,278 (8.34%)	$1,444 (-4.09%)
1 BR	$2.73	$1,995	$1,793 (11.25%)	$1,793 (11.29%)
2 BR	$2.26	$2,260	$2,267 (-0.29%)	$2,048 (10.33%)
3 BR	$1.87	$2,575	$2,684 (-4.06%)	$2,332 (10.44%)
4+ BR	$1.83	$3,500	$3,428 (2.09%)	$2,832 (23.60%)

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 $2,524 per month. Our records show that Schaumburg, IL, with an average rent of $2,200, is the most affordable city nearby. In contrast, the most expensive city near Chicago, IL is Evanston, IL. Monthly rents here are on average $2,795 per month.

Let's compare Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 3.80% more affordable. Two bedrooms in Chicago, IL are about 6.23% more affordable. Finally, rent for three bedrooms are about 19.45% 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	$2,099	$2,375	$2,200
Naperville, IL	N/A	$1,742	$2,299	$2,500
Aurora, IL	N/A	$1,400	$2,212	$2,548
Evanston, IL	$1,450	$2,223	$2,798	$2,795

Top Neighborhoods Near Chicago

There are a total of 13 neighborhoods in or near Chicago. Some of these neighborhoods include South Shore, Uptown, and Edgewater. We've included all of these top 13 neighborhoods in or near Chicago, IL in the following chart.

The average rent for these 13 neighborhoods in or near Chicago, IL is currently around $2,195 per month. A total of 6 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $2,195. 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 $1,450 per month. Whereas, at $3,050 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	$923	$1,175	$1,450	$1,450
Uptown, Chicago, IL	$1,195	$1,688	$2,200	$1,650
Edgewater, Chicago, IL	$1,300	$1,650	$2,150	$1,685
Rogers Park, Chicago, IL	$1,186	$1,524	$1,875	$1,700
Humboldt Park, Chicago, IL	N/A	$2,000	$1,700	$2,075
West Rogers Park, Chicago, IL	N/A	$1,523	$2,050	$2,097
Logan Square, Chicago, IL	$1,250	$1,985	$2,250	$2,195
Bronzeville, Chicago, IL	$1,125	$1,395	$2,100	$2,395
Hyde Park, Chicago, IL	$1,290	$1,650	$2,175	$2,395
Lakeview, Chicago, IL	$1,430	$2,048	$2,745	$2,398
South Loop, Chicago, IL	$1,780	$2,150	$2,900	$2,717
Near North Side, Chicago, IL	$1,788	$2,363	$4,075	$2,800
The Loop, Chicago, IL	$1,910	$2,350	$3,525	$3,050

Top Counties Near Chicago

There are a total of 13 counties located by Chicago, IL. Some of these counties include Milton, IL, Chicago, IL, and Downers Grove, IL. The average rent for rentals in these counties is $2,200. 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 Milton, IL. It's average rent per month is $1,975. Vice versa, with an average rent of $2,795, Evanston, IL is the most expensive county by Chicago, IL.

In comparison, rent for one bedroom listings in Chicago, IL is on par with the other counties nearby. Finally, rent for two bedrooms in Chicago, IL is 2.27% more affordable than other counties nearby. We've listed the top 7 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Milton, IL	N/A	$1,899	$2,419	$1,975
Chicago, IL	$1,350	$1,850	$2,200	$2,100
Downers Grove, IL	N/A	$1,749	$2,199	$2,149
Schaumburg, IL	N/A	$2,064	$2,250	$2,200
Naperville, IL	N/A	$1,739	$2,237	$2,400
Leyden, IL	$1,245	$1,375	$2,750	$2,650
Evanston, IL	$1,450	$2,223	$2,798	$2,795

Top Zipcodes Near Chicago

There are a total of 4 zipcodes in or near Chicago, IL. The average rent for all of these zipcodes is $2,044. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60641, Chicago, IL at $1,643 per month. In comparison, the zipcode with the most expensive average rent of $2,263 per month is 60618, Chicago, IL.

Studios in these zipcodes have an average rent of $1,270. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Chicago, IL is $1,637 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,094 per month. Which comes out to $2 per sqft. The following chart includes the top 4 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	$1,265	$1,625	$2,100	$2,263
60615, Chicago, IL	$1,275	$1,650	$2,088	$2,188
60625, Chicago, IL	$1,195	$1,700	$2,207	$1,900
60641, Chicago, IL	$1,300	$1,375	$1,663	$1,643

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 $3.28. There are a total of 321 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 $2.73. There are a total of 698 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 $2.26. There are a total of 973 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 0.08%, one bedroom rental prices have changed by 0.11%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by -0.04% 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.