Average Rent in Albany Park, Chicago, IL

Current Versus Historical Albany Park, Chicago, IL Rents

Albany Park rentals average $1,050 for a studio rental to $2,775 for a 4-bedroom rental. The median price of all currently available listings is $1,738, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $34 (3.38%) year-over-year from $1,011 to $1,045. 1-bedroom rentals prices have increased by $133 (10.13%) year-over-year from $1,317 to $1,450. 2-bedroom rentals prices have increased by $167 (11.05%) year-over-year from $1,508 to $1,675. 3-bedroom rentals prices have increased by $102 (5.50%) year-over-year from $1,848 to $1,950. 4-bedroom rentals prices have increased by $117 (4.39%) year-over-year from $2,658 to $2,775. 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 0.95% this month. 1-bedroom rents have gone up by 4.82% this month. 2-bedroom rents have gone up by 0.10% this month. 3-bedroom rents have gone down by 9.30% this month. 4-bedroom rents have gone down by 5.67% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.32	$1,045	$1,011 (3.38%)	$907 (15.21%)
1 BR	$2.00	$1,450	$1,317 (10.13%)	$1,103 (31.42%)
2 BR	$2.07	$1,675	$1,508 (11.05%)	$1,413 (18.51%)
3 BR	$1.80	$1,950	$1,848 (5.50%)	$1,817 (7.34%)
4+ BR	$1.91	$2,775	$2,658 (4.39%)	$2,067 (34.27%)

Historical Rents in Albany Park, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Albany Park

There are a total of 5 cities nearby Albany Park. The average rent in Albany Park is currently $2,105 per month. Our records show that Evanston, IL, with an average rent of $1,975, is the most affordable city nearby. In contrast, the most expensive city near Albany Park, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,850 per month.

Let's compare Albany Park, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 23.59% more affordable. Two bedrooms in Albany Park, Chicago, IL are about 18.42% more affordable. Finally, rent for three bedrooms are about 36.90% more affordable. Want more information? Check out the top 5 cities near Albany Park, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,185	$1,595	$2,150	$1,975
Chicago, IL	$1,345	$1,755	$2,250	$2,000
Schaumburg, IL	N/A	$1,995	$2,350	$2,105
Wheaton, IL	N/A	$1,960	$2,320	$2,320
Naperville, IL	N/A	$1,650	$2,250	$2,850

Top Neighborhoods Near Albany Park

There are a total of 14 neighborhoods in or near Albany Park. Some of these neighborhoods include Edgewater, Ravenswood, and Rogers Park. We've included all of these top 14 neighborhoods in or near Albany Park, Chicago, IL in the following chart.

The average rent for these 14 neighborhoods in or near Albany Park, Chicago, IL is currently around $1,985 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $1,985. Interestingly, the neighborhoods' average rent is higher than Albany Park's average rent, which is only $1,738. Out of all the neighborhoods in or near Albany Park, Edgewater has the most affordable average rent at $1,550 per month. Whereas, at $2,800 average rent per month, South Loop is the most expensive neighborhood in or near Albany Park. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Edgewater, Chicago, IL	$1,121	$1,550	$2,200	$1,550
Ravenswood, Chicago, IL	$1,220	$1,550	$2,570	$1,600
Rogers Park, Chicago, IL	$1,098	$1,350	$1,850	$1,600
Uptown, Chicago, IL	$1,100	$1,600	$2,250	$1,635
West Rogers Park, Chicago, IL	$1,200	$1,325	$1,800	$1,700
Lincoln Park, Chicago, IL	$1,385	$1,963	$2,805	$1,875
Humboldt Park, Chicago, IL	N/A	$1,775	$1,813	$1,975
Logan Square, Chicago, IL	$1,250	$1,795	$2,050	$1,995
Lakeview, Chicago, IL	$1,345	$1,850	$2,550	$2,090
Hyde Park, Chicago, IL	$1,250	$1,673	$2,000	$2,200
DePaul, Chicago, IL	$1,595	$2,270	$2,375	$2,325
Near North Side, Chicago, IL	$1,860	$2,350	$3,500	$2,555
The Loop, Chicago, IL	N/A	$2,475	$3,300	$2,788
South Loop, Chicago, IL	$1,648	$2,225	$3,000	$2,800

Top Counties Near Albany Park

There are a total of 14 counties located by Albany Park, Chicago, IL. Some of these counties include Evanston, IL, Chicago, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,100. That's roughly around $2 per sqft. The county that is the most affordable is Evanston, IL. It's average rent per month is $1,975. Vice versa, with an average rent of $2,700, Naperville, IL is the most expensive county by Albany Park, Chicago, IL.

Typically, rent for studios in Albany Park, Chicago, IL is 43.57% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Albany Park, Chicago, IL is 26.06% more affordable than other counties nearby. Finally, rent for two bedrooms in Albany Park, Chicago, IL is 17.34% more affordable than other counties nearby. We've listed the top 6 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,185	$1,595	$2,150	$1,975
Chicago, IL	$1,345	$1,755	$2,250	$2,000
Schaumburg, IL	$1,195	$1,985	$2,400	$2,098
Downers Grove, IL	N/A	$1,825	$2,209	$2,103
Milton, IL	N/A	$1,960	$2,320	$2,320
Naperville, IL	N/A	$1,663	$2,200	$2,700

Top Zipcodes Near Albany Park

There are a total of 21 zipcodes in or near Albany Park, Chicago, IL. The average rent for all of these zipcodes is $2,100. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60640, Chicago, IL at $1,550 per month. In comparison, the zipcode with the most expensive average rent of $2,998 per month is 60607, Chicago, IL.

Studios in these zipcodes have an average rent of $1,250. 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 Albany Park, Chicago, IL is $1,890 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,398 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Albany Park, 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	$1,125	$1,495	$2,100	$1,650
60618, Chicago, IL	$1,400	$1,488	$1,900	$1,900
60641, Chicago, IL	$1,050	$1,295	$1,725	$1,600
60640, Chicago, IL	$1,121	$1,550	$2,398	$1,550
60660, Chicago, IL	$1,120	$1,500	$1,995	$1,550
60613, Chicago, IL	$1,300	$1,695	$2,585	$1,943
60645, Chicago, IL	$1,200	$1,325	$1,800	$1,700
60647, Chicago, IL	$1,250	$1,890	$2,150	$2,100
60657, Chicago, IL	$1,345	$1,898	$2,593	$2,072
60626, Chicago, IL	$1,125	$1,350	$1,850	$1,600

Frequently Asked Questions - Albany Park Average Rents

What is the average rent price in Albany Park, Chicago, IL?

The average monthly rental price for Albany Park, Chicago, IL apartments for rent is approximately $1,738. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Albany Park, 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 Albany Park, Chicago, IL.

How much is a studio apartment in Albany Park, Chicago, IL?

The average monthly rental price for studio apartments is $1,050 and an average price per square feet of $2.32. There are a total of 7 studio apartment listings currently available for rent in Albany Park.

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

The average monthly rental price for one bedroom apartments is $1,420 and an average price per square feet of $2.00. There are a total of 25 one bedroom apartment listings currently available for rent in Albany Park.

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

The average monthly rental price for two bedroom apartments is $1,900 and an average price per square feet of $2.07. There are a total of 27 two bedroom apartment listings currently available for rent in Albany Park.

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

Rent prices for rentals in Albany Park, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.03%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.11%, and three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in Albany Park, Chicago, IL?

A reasonable rent price in Albany Park, Chicago, IL is around $1,390/month. You can search for these reasonably priced rental listings on RentHop.