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 $1,765 for a studio rental to $11,250 for a 4-bedroom rental. The median price of all currently available listings is $2,789, or roughly $3 per square feet.

For the apartment units and housing in February 2025, median rents have risen over the last year. Studio rentals prices have increased by $100 (5.89%) year-over-year from $1,700 to $1,800. 1-bedroom rentals prices have increased by $179 (8.08%) year-over-year from $2,221 to $2,400. 2-bedroom rentals prices have increased by $397 (11.49%) year-over-year from $3,453 to $3,850. 3-bedroom rentals prices have increased by $1,095 (17.86%) year-over-year from $6,130 to $7,225. 4-bedroom rentals prices have decreased by $2,338 (-18.54%) year-over-year from $12,613 to $10,275. 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 up by 0.39% this month. 1-bedroom rents have gone down by 1.37% this month. 2-bedroom rents have gone up by 2.27% this month. 3-bedroom rents have gone up by 4.13% this month. 4-bedroom rents have gone up by 13.02% this month.

Beds	Price / Sqft	Feb 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.56	$1,800	$1,700 (5.89%)	$1,667 (8.00%)
1 BR	$3.18	$2,400	$2,221 (8.08%)	$2,206 (8.78%)
2 BR	$3.23	$3,850	$3,453 (11.49%)	$3,435 (12.09%)
3 BR	$3.57	$7,225	$6,130 (17.86%)	$5,706 (26.62%)
4+ BR	$4.00	$10,275	$12,613 (-18.54%)	$16,983 (-39.50%)

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 $2,347 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 Naperville, IL. Monthly rents here are on average $2,750 per month.

Let's compare Near North Side, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 22.16% more expensive. Two bedrooms in Near North Side, Chicago, IL are about 43.99% more expensive. Finally, rent for three bedrooms are about 66.86% 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	$1,350	$1,838	$2,200	$2,100
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 Near North Side

There are a total of 14 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 14 neighborhoods in or near Near North Side, Chicago, IL in the following chart.

The average rent for these 14 neighborhoods in or near Near North Side, Chicago, IL is currently around $2,186 per month. A total of 13 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near Near North Side, South Shore has the most affordable average rent at $1,500 per month. Whereas, at $3,425 average rent per month, The Loop 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	$873	$1,150	$1,450	$1,500
Uptown, Chicago, IL	$1,198	$1,650	$2,300	$1,650
Rogers Park, Chicago, IL	$1,200	$1,550	$1,895	$1,725
Edgewater, Chicago, IL	$1,325	$1,675	$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	$1,900	$2,750	$2,400
South Loop, Chicago, IL	$1,625	$2,200	$3,000	$2,600
The Loop, Chicago, IL	$1,960	$2,600	$3,550	$3,425

Top Counties Near Near North Side

There are a total of 14 counties located by Near North Side, 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 7 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 Near North Side, Chicago, IL.

In comparison, rent for one bedroom listings in Near North Side, Chicago, IL is 20.88% more expensive than other counties nearby. Finally, rent for two bedrooms in Near North Side, Chicago, IL is 45.93% more expensive 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	$1,838	$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 Near North Side

There are a total of 3 zipcodes in or near Near North Side, Chicago, IL. The average rent for all of these zipcodes is $2,263. A total of 3 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 $1,775 per month. In comparison, the zipcode with the most expensive average rent of $2,400 per month is 60618, Chicago, IL.

Studios in these zipcodes have an average rent of $1,250. 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 $1,525 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,125 per month. Which comes out to $2 per sqft. The following chart includes the top 3 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	$1,750	$2,210	$2,400
60641, Chicago, IL	$1,150	$1,400	$1,775	$1,775
60615, Chicago, IL	$1,250	$1,525	$2,125	$2,263

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 $2,789. 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 $1,765 and an average price per square feet of $3.56. There are a total of 49 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 $2,400 and an average price per square feet of $3.18. There are a total of 134 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 $4,200 and an average price per square feet of $3.23. There are a total of 79 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 0.06%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by 0.11%, and three bedroom rental prices have changed by 0.18% 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 $2,231/month. You can search for these reasonably priced rental listings on RentHop.