Average Rent in Near North Side, Chicago, IL

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Current Versus Historical Near North Side, Chicago, IL Rents

Near North Side rentals average $1,730 for a studio rental to $9,745 for a 4-bedroom rental. The median price of all currently available listings is $2,950, or roughly $3 per square feet.

For the apartment units and housing in November 2024, median rents have risen over the last year. Studio rentals prices have decreased by $31 (-1.81%) year-over-year from $1,688 to $1,657. 1-bedroom rentals prices have increased by $218 (9.97%) year-over-year from $2,182 to $2,400. 2-bedroom rentals prices have increased by $335 (9.80%) year-over-year from $3,415 to $3,750. 3-bedroom rentals prices have increased by $1,112 (18.89%) year-over-year from $5,888 to $7,000. 4-bedroom rentals prices have increased by $1,434 (12.39%) year-over-year from $11,567 to $13,000. 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 down by 4.21% this month. 1-bedroom rents have gone down by 1.28% this month. 2-bedroom rents have gone up by 0.53% this month. 3-bedroom rents have gone up by 1.05% this month. 4-bedroom rents have gone down by 0.77% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.48	$1,657	$1,688 (-1.81%)	$1,748 (-5.22%)
1 BR	$3.00	$2,400	$2,182 (9.97%)	$2,261 (6.16%)
2 BR	$2.94	$3,750	$3,415 (9.80%)	$3,322 (12.90%)
3 BR	$3.49	$7,000	$5,888 (18.89%)	$5,427 (28.98%)
4+ BR	$3.06	$13,000	$11,567 (12.39%)	$18,108 (-28.21%)

Historical Rents in Near North Side, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Near North Side

There are a total of 6 cities nearby Near North Side. The average rent in Near North Side is currently $2,550 per month. A total of 6 cities nearby have an average rent lower than that. 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 Near North Side, Chicago, IL is Evanston, IL. Monthly rents here are on average $2,795 per month.

Let's compare Near North Side, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 19.78% more expensive. Two bedrooms in Near North Side, Chicago, IL are about 39.32% more expensive. Finally, rent for three bedrooms are about 59.68% more expensive. Want more information? Check out the top 6 cities near Near North Side, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,375	$1,800	$2,200	$2,100
Schaumburg, IL	N/A	$2,131	$2,290	$2,250
Aurora, IL	N/A	$1,523	$2,200	$2,450
Oak Park, IL	N/A	$1,750	$2,625	$2,650
Naperville, IL	N/A	$1,850	$2,200	$2,700
Evanston, IL	$2,306	$2,250	$2,795	$2,795

Top Neighborhoods Near Near North Side

There are a total of 17 neighborhoods in or near Near North Side. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 17 neighborhoods in or near Near North Side, Chicago, IL in the following chart.

The average rent for these 17 neighborhoods in or near Near North Side, Chicago, IL is currently around $2,100 per month. A total of 17 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Near North Side, South Shore has the most affordable average rent at $1,275 per month. Whereas, at $2,900 average rent per month, West Town is the most expensive neighborhood in or near Near North Side. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$1,050	$1,050	$1,230	$1,275
Uptown, Chicago, IL	$1,200	$1,600	$2,325	$1,600
Rogers Park, Chicago, IL	$1,200	$1,550	$1,895	$1,650
Edgewater, Chicago, IL	$1,298	$1,648	$2,150	$1,800
West Rogers Park, Chicago, IL	N/A	$1,625	$1,850	$2,000
Lincoln Park, Chicago, IL	$1,788	$2,190	$3,800	$2,017
Pilsen, Chicago, IL	N/A	$1,600	$1,750	$2,050
Humboldt Park, Chicago, IL	N/A	$1,750	$1,750	$2,100
Ravenswood, Chicago, IL	$1,300	$1,800	$2,200	$2,100
Bronzeville, Chicago, IL	N/A	$1,700	$2,050	$2,200
Logan Square, Chicago, IL	$1,550	$1,650	$2,200	$2,296
Lakeview, Chicago, IL	$1,500	$1,850	$2,600	$2,310
South Loop, Chicago, IL	$1,650	$2,000	$2,800	$2,665
The Loop, Chicago, IL	$1,825	$2,200	$3,000	$2,750
Near West Side, Chicago, IL	N/A	$2,400	$2,733	$2,750
DePaul, Chicago, IL	$1,950	$2,496	$2,625	$2,775
West Town, Chicago, IL	$2,235	$2,480	$2,833	$2,900

Top Counties Near Near North Side

There are a total of 17 counties located by Near North Side, Chicago, IL. Some of these counties include Thornton, IL, Downers Grove, IL, and Chicago, IL. The average rent for rentals in these counties is $2,419. That's roughly around $2 per sqft. A total of 14 counties have a lower average rent. The county that is the most affordable is Thornton, IL. It's average rent per month is $1,713. Vice versa, with an average rent of $3,200, Vernon, IL is the most expensive county by Near North Side, Chicago, IL.

In comparison, rent for one bedroom listings in Near North Side, Chicago, IL is 28.79% more expensive than other counties nearby. Finally, rent for two bedrooms in Near North Side, Chicago, IL is 38.24% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Thornton, IL	$1,000	$1,050	$1,400	$1,713
Downers Grove, IL	N/A	$1,850	$2,060	$2,078
Chicago, IL	$1,375	$1,800	$2,200	$2,100
Proviso, IL	$1,195	$1,400	$1,700	$2,200
Milton, IL	N/A	$1,928	$2,271	$2,286
Leyden, IL	N/A	$1,350	$2,400	$2,400
Maine, IL	N/A	$1,500	$2,300	$2,400
Niles, IL	N/A	$1,400	$2,300	$2,500
Oak Park, IL	N/A	$1,750	$2,625	$2,650
Evanston, IL	$2,306	$2,250	$2,795	$2,795

Top Zipcodes Near Near North Side

There are a total of 4 zipcodes in or near Near North Side, Chicago, IL. The average rent for all of these zipcodes is $2,000. A total of 4 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 $1,900 per month. In comparison, the zipcode with the most expensive average rent of $2,300 per month is 60615, Chicago, IL.

Studios in these zipcodes have an average rent of $1,275. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Near North Side, Chicago, IL is $1,528 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,920 per month. Which comes out to $2 per sqft. The following chart includes the top 4 zipcodes in Near North Side, 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	$1,700	$1,975	$2,000
60625, Chicago, IL	$1,300	$1,543	$1,873	$2,000
60641, Chicago, IL	$1,100	$1,300	$1,750	$1,900
60615, Chicago, IL	$1,250	$1,513	$1,967	$2,300

Frequently Asked Questions - Near North Side Average Rents

What is the average rent price in Near North Side, Chicago, IL?

The average monthly rental price for Near North Side, Chicago, IL apartments for rent is approximately $2,950. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Near North Side, 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 Near North Side, Chicago, IL.

How much is a studio apartment in Near North Side, Chicago, IL?

The average monthly rental price for studio apartments is $1,730 and an average price per square feet of $3.48. There are a total of 41 studio apartment listings currently available for rent in Near North Side.

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

The average monthly rental price for one bedroom apartments is $2,275 and an average price per square feet of $3.00. There are a total of 149 one bedroom apartment listings currently available for rent in Near North Side.

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

The average monthly rental price for two bedroom apartments is $3,700 and an average price per square feet of $2.94. There are a total of 111 two bedroom apartment listings currently available for rent in Near North Side.

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

Rent prices for rentals in Near North Side, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by -0.02%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.10%, and three bedroom rental prices have changed by 0.19% year-over-year.

What is a reasonable rent price in Near North Side, Chicago, IL?

A reasonable rent price in Near North Side, Chicago, IL is around $2,360/month. You can search for these reasonably priced rental listings on RentHop.