Average Rent in Central Chicago, Chicago, IL

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Current Versus Historical Central Chicago, Chicago, IL Rents

Central Chicago rentals average $2,250 for a studio rental to $19,500 for a 4-bedroom rental. The median price of all currently available listings is $2,900, or roughly $43 per square feet.

For the apartment units and housing in November 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $365 (19.38%) year-over-year from $1,885 to $2,250. 1-bedroom rentals prices have increased by $104 (4.01%) year-over-year from $2,584 to $2,688. 2-bedroom rentals prices have increased by $135 (3.73%) year-over-year from $3,619 to $3,755. 3-bedroom rentals prices have decreased by $49 (-0.83%) year-over-year from $5,902 to $5,853. 4-bedroom rentals prices have increased by $9,791 (95.91%) year-over-year from $10,208 to $19,999. 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 3.18% this month. 1-bedroom rents have gone up by 2.23% this month. 2-bedroom rents have gone down by 0.36% this month. 3-bedroom rents have gone down by 0.95% this month. 4-bedroom rents have gone up by 72.41% this month.

Beds	Price / Sqft	Nov 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$50.18	$2,250	$1,885 (19.38%)	$1,700 (32.35%)
1 BR	$42.73	$2,688	$2,584 (4.01%)	$2,172 (23.73%)
2 BR	$39.54	$3,755	$3,619 (3.73%)	$3,181 (18.04%)
3 BR	$40.93	$5,853	$5,902 (-0.83%)	$5,114 (14.45%)
4+ BR	$56.98	$19,999	$10,208 (95.91%)	$7,775 (157.22%)

Historical Rents in Central Chicago, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Central Chicago

There are a total of 13 cities nearby Central Chicago. The average rent in Central Chicago is currently $2,498 per month. A total of 12 cities nearby have an average rent lower than that. Our records show that Oak Park, IL, with an average rent of $2,100, is the most affordable city nearby. In contrast, the most expensive city near Central Chicago, Chicago, IL is River Grove, IL. Monthly rents here are on average $3,195 per month.

Let's compare Central Chicago, Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Central Chicago, Chicago, IL is 41.67% more expensive than other cities nearby. One bedrooms are about 37.02% more expensive. Two bedrooms in Central Chicago, Chicago, IL are about 40.79% more expensive. Finally, rent for three bedrooms are about 48.29% more expensive. Want more information? Check out the top 10 cities out of 13 total cities near Central Chicago, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Oak Park, IL	$1,555	$1,725	$2,100	$2,100
Palatine, IL	$1,300	$1,500	$2,025	$2,250
Chicago, IL	$1,650	$2,350	$2,500	$2,385
Schaumburg, IL	N/A	$2,142	$2,325	$2,453
Skokie, IL	$1,150	$2,113	$2,200	$2,498
Arlington Heights, IL	$1,200	$1,675	$2,250	$2,500
Wheaton, IL	$1,300	$1,994	$2,576	$2,502
Evanston, IL	$2,503	$1,675	$2,348	$2,543
Naperville, IL	$1,325	$1,600	$2,350	$2,895
River Grove, IL	N/A	$2,680	$3,190	$3,195

Top Neighborhoods Near Central Chicago

There are a total of 23 neighborhoods in or near Central Chicago. Some of these neighborhoods include Hyde Park, South Shore, and Rogers Park. We've included all of these top 23 neighborhoods in or near Central Chicago, Chicago, IL in the following table.

The average rent for these 23 neighborhoods in or near Central Chicago, Chicago, IL is currently around $2,250 per month. A total of 17 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $2,250. Interestingly, the neighborhoods' average rent is less than Central Chicago's average rent, which is actually $2,900. Out of all the neighborhoods in or near Central Chicago, Hyde Park has the most affordable average rent at $1,500 per month. Whereas, at $3,500 average rent per month, DePaul is the most expensive neighborhood in or near Central Chicago. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Hyde Park, Chicago, IL	$1,075	$1,390	$2,300	$1,500
South Shore, Chicago, IL	$1,248	$1,200	$1,500	$1,600
Rogers Park, Chicago, IL	$1,341	$1,500	$2,000	$1,750
Edgewater, Chicago, IL	$1,416	$1,689	$2,400	$1,773
Albany Park, Chicago, IL	$1,275	$1,575	$1,863	$1,863
Portage Park, Chicago, IL	$1,300	$1,425	$1,748	$1,900
Lawndale, Chicago, IL	$1,900	$1,400	$1,650	$1,925
Uptown, Chicago, IL	$1,295	$1,900	$2,500	$1,935
West Rogers Park, Chicago, IL	$1,388	$1,495	$1,950	$1,976
Pilsen, Chicago, IL	$2,500	$1,675	$2,025	$2,100
Ravenswood, Chicago, IL	$1,450	$1,963	$2,595	$2,225
Humboldt Park, Chicago, IL	$1,513	$1,663	$2,150	$2,250
Lakeview, Chicago, IL	$1,500	$2,195	$3,100	$2,350
Logan Square, Chicago, IL	$1,595	$2,250	$2,552	$2,435
Lincoln Park, Chicago, IL	$1,750	$2,450	$3,961	$2,450
Bronzeville, Chicago, IL	N/A	$1,700	$2,300	$2,500
South Loop, Chicago, IL	$2,329	$2,534	$3,380	$2,750
The Loop, Chicago, IL	$2,358	$2,911	$3,956	$2,974
Near North Side, Chicago, IL	$2,200	$2,795	$4,000	$2,995
West Loop, Chicago, IL	$2,601	$2,866	$3,900	$3,005
West Town, Chicago, IL	$2,595	$2,858	$3,650	$3,199
Near West Side, Chicago, IL	$2,205	$2,800	$3,600	$3,200
DePaul, Chicago, IL	$1,601	$2,400	$4,000	$3,500

Top Counties Near Central Chicago

There are a total of 30 counties located by Central Chicago, Chicago, IL. Some of these counties include Worth, IL, Oak Park, IL, and Proviso, IL. The average rent for rentals in these counties is $2,423. That's roughly around $23 per sqft. A total of 24 counties have a lower average rent. The county that is the most affordable is Worth, IL. Its average rent per month is $1,650. Vice versa, with an average rent of $3,473, New Trier, IL is the most expensive county by Central Chicago, Chicago, IL.

Typically, rent for studios in Central Chicago, Chicago, IL is 44.44% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Central Chicago, Chicago, IL is 39.76% more expensive than other counties nearby. Finally, rent for two bedrooms in Central Chicago, Chicago, IL is 43.45% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Worth, IL	$1,350	$1,450	$1,650	$1,650
Oak Park, IL	$1,555	$1,725	$2,100	$2,100
Proviso, IL	$1,250	$1,550	$1,800	$2,100
Lyons, IL	$1,625	$1,500	$1,800	$2,300
Chicago, IL	$1,650	$2,350	$2,500	$2,385
Maine, IL	N/A	$1,595	$2,100	$2,500
Evanston, IL	$2,503	$1,675	$2,348	$2,543
Niles, IL	$1,150	$1,925	$2,400	$2,750
Leyden, IL	N/A	$1,595	$3,150	$3,150
New Trier, IL	N/A	$1,973	$2,648	$3,473

Top Zipcodes Near Central Chicago

There are a total of 38 zipcodes in or near Central Chicago, Chicago, IL. The average rent for all of these zipcodes is $2,248. A total of 33 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60649, Chicago, IL at $1,600 per month. In comparison, the zipcode with the most expensive average rent of $3,195 per month is 60611, Chicago, IL.

Studios in these zipcodes have an average rent of $1,429. That's at least $38 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Central Chicago, Chicago, IL is $1,743 per month. Or in other words, $30 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,250 per month. Which comes out to $28 per sqft. The following table includes the top 10 zipcodes in Central Chicago, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60601, Chicago, IL	$2,279	$3,000	$4,100	$3,116
60661, Chicago, IL	$2,392	$2,775	$3,750	$2,900
60654, Chicago, IL	$2,250	$2,813	$3,950	$2,924
60611, Chicago, IL	$2,350	$2,805	$4,100	$3,195
60607, Chicago, IL	$2,393	$2,840	$3,700	$3,102
60605, Chicago, IL	$2,340	$2,582	$3,634	$2,771
60610, Chicago, IL	$2,011	$2,679	$3,799	$2,750
60642, Chicago, IL	$1,850	$2,717	$3,148	$3,024
60616, Chicago, IL	$1,815	$2,437	$2,900	$2,600
60612, Chicago, IL	$1,999	$2,150	$2,600	$2,548

Frequently Asked Questions - Central Chicago Average Rents

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

The average monthly rental price for Central Chicago, Chicago, IL apartments for rent is approximately $2,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Central Chicago, 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 Central Chicago, Chicago, IL.

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

The average monthly rental price for studio apartments is $2,250 and an average price per square feet of $50.18. There are a total of 288 studio apartment listings currently available for rent in Central Chicago.

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

The average monthly rental price for one bedroom apartments is $2,739 and an average price per square feet of $42.73. There are a total of 751 one bedroom apartment listings currently available for rent in Central Chicago.

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

The average monthly rental price for two bedroom apartments is $3,800 and an average price per square feet of $39.54. There are a total of 444 two bedroom apartment listings currently available for rent in Central Chicago.

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

Rent prices for rentals in Central Chicago, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.19%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.04%, three bedroom rental prices have changed by -0.01% year-over-year.

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

A reasonable rent price in Central Chicago, Chicago, IL is around $2,320/month. You can search for these reasonably priced rental listings on RentHop.