Average Rent in Ravenswood, Chicago, IL

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Current Versus Historical Ravenswood, Chicago, IL Rents

Ravenswood rentals average $1,300 for a studio rental to $0 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 November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $131 (11.21%) year-over-year from $1,169 to $1,300. 1-bedroom rentals prices have increased by $193 (12.79%) year-over-year from $1,507 to $1,700. 2-bedroom rentals prices have increased by $77 (3.61%) year-over-year from $2,123 to $2,200. 3-bedroom rentals prices have decreased by $268 (-8.98%) year-over-year from $2,985 to $2,717. 4-bedroom rentals prices have increased by $545 (11.01%) year-over-year from $4,950 to $5,495. 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 1.30% this month. 1-bedroom rents have gone up by 4.62% this month. 2-bedroom rents have gone down by 0.71% this month. 3-bedroom rents have gone up by 3.61% this month. 4-bedroom rents have gone up by 7.08% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.68	$1,300	$1,169 (11.21%)	$933 (39.29%)
1 BR	$2.46	$1,700	$1,507 (12.79%)	$1,294 (31.36%)
2 BR	$2.18	$2,200	$2,123 (3.61%)	$1,592 (38.23%)
3 BR	$2.09	$2,717	$2,985 (-8.98%)	$2,185 (24.33%)

Historical Rents in Ravenswood, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Ravenswood

There are a total of 6 cities nearby Ravenswood. The average rent in Ravenswood is currently $2,550 per month. Only one city nearby has 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 Ravenswood, Chicago, IL is Evanston, IL. Monthly rents here are on average $2,795 per month.

Let's compare Ravenswood, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 1.40% more affordable. Two bedrooms in Ravenswood, Chicago, IL are about 2.05% more affordable. Finally, rent for three bedrooms are about 6.64% more affordable. Want more information? Check out the top 6 cities near Ravenswood, 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 Ravenswood

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

The average rent for these 17 neighborhoods in or near Ravenswood, Chicago, IL is currently around $2,203 per month. A total of 8 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $2,203. Interestingly, the neighborhoods' average rent is higher than Ravenswood's average rent, which is only $2,100. Out of all the neighborhoods in or near Ravenswood, South Shore has the most affordable average rent at $1,275 per month. Whereas, at $2,950 average rent per month, Near North Side is the most expensive neighborhood in or near Ravenswood. 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	$1,573	$2,325	$1,600
Rogers Park, Chicago, IL	$1,200	$1,550	$1,895	$1,650
Edgewater, Chicago, IL	$1,295	$1,645	$2,125	$1,800
Lincoln Park, Chicago, IL	$1,788	$2,190	$3,800	$2,017
West Rogers Park, Chicago, IL	N/A	$1,625	$1,900	$2,025
Pilsen, Chicago, IL	N/A	$1,600	$1,750	$2,050
Humboldt Park, Chicago, IL	N/A	$1,750	$1,750	$2,100
Bronzeville, Chicago, IL	N/A	$1,700	$2,143	$2,203
Logan Square, Chicago, IL	$1,550	$1,650	$2,200	$2,295
Lakeview, Chicago, IL	$1,500	$1,850	$2,600	$2,310
South Loop, Chicago, IL	$1,650	$2,000	$2,850	$2,660
Near West Side, Chicago, IL	N/A	$2,400	$2,733	$2,750
The Loop, Chicago, IL	$1,825	$2,200	$3,000	$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
Near North Side, Chicago, IL	$1,728	$2,285	$3,713	$2,950

Top Counties Near Ravenswood

There are a total of 17 counties located by Ravenswood, Chicago, IL. Some of these counties include Downers Grove, IL, Chicago, IL, and Proviso, IL. The average rent for rentals in these counties is $2,400. That's roughly around $2 per sqft. A total of 3 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 $3,000, Wheatland, Naperville, IL is the most expensive county by Ravenswood, Chicago, IL.

In comparison, rent for one bedroom listings in Ravenswood, Chicago, IL is 8.86% more expensive than other counties nearby. Finally, rent for two bedrooms in Ravenswood, Chicago, IL is 3.23% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
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
Schaumburg, IL	N/A	$2,131	$2,099	$2,201
Milton, IL	N/A	$1,928	$2,271	$2,271
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 Ravenswood

There are a total of 4 zipcodes in or near Ravenswood, Chicago, IL. The average rent for all of these zipcodes is $2,000. 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 $1,900 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 Ravenswood, Chicago, IL is $1,528 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,924 per month. Which comes out to $2 per sqft. The following chart includes the top 4 zipcodes in Ravenswood, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60625, Chicago, IL	$1,300	$1,543	$1,873	$2,000
60618, Chicago, IL	$1,600	$1,695	$1,975	$2,000
60641, Chicago, IL	$1,100	$1,300	$1,750	$1,900
60615, Chicago, IL	$1,250	$1,513	$1,983	$2,300

Frequently Asked Questions - Ravenswood Average Rents

What is the average rent price in Ravenswood, Chicago, IL?

The average monthly rental price for Ravenswood, 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 Ravenswood, 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 Ravenswood, Chicago, IL.

How much is a studio apartment in Ravenswood, Chicago, IL?

The average monthly rental price for studio apartments is $1,300 and an average price per square feet of $2.68. There are a total of 8 studio apartment listings currently available for rent in Ravenswood.

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

The average monthly rental price for one bedroom apartments is $1,800 and an average price per square feet of $2.46. There are a total of 12 one bedroom apartment listings currently available for rent in Ravenswood.

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

The average monthly rental price for two bedroom apartments is $2,200 and an average price per square feet of $2.18. There are a total of 22 two bedroom apartment listings currently available for rent in Ravenswood.

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

Rent prices for rentals in Ravenswood, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.11%, one bedroom rental prices have changed by 0.13%, two bedroom rental prices have changed by 0.04%, and three bedroom rental prices have changed by -0.09% year-over-year.

What is a reasonable rent price in Ravenswood, Chicago, IL?

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