Average Rent in Chicago, IL

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Current Versus Historical Chicago, IL Rents

Chicago rentals average $1,350 for a studio rental to $3,850 for a 4-bedroom rental. The median price of all currently available listings is $2,200, or roughly $2 per square feet.

For the apartment units and housing in July 2025, median rents have fallenover the last year. Studio rentals prices have decreased by $150 (-9.92%) year-over-year from $1,513 to $1,363. 1-bedroom rentals prices have decreased by $127 (-6.24%) year-over-year from $2,027 to $1,900. 2-bedroom rentals prices have decreased by $314 (-12.01%) year-over-year from $2,614 to $2,300. 3-bedroom rentals prices have decreased by $883 (-24.65%) year-over-year from $3,583 to $2,700. 4-bedroom rentals prices have decreased by $72 (-1.80%) year-over-year from $3,972 to $3,900. 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 9.32% this month. 1-bedroom rents have gone down by 5.96% this month. 2-bedroom rents have gone down by 4.10% this month. 3-bedroom rents have gone down by 6.08% this month. 4-bedroom rents have gone down by 3.88% this month.

Beds	Price / Sqft	Jul 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.25	$1,363	$1,513 (-9.92%)	$1,478 (-7.84%)
1 BR	$2.70	$1,900	$2,027 (-6.24%)	$1,838 (3.35%)
2 BR	$2.28	$2,300	$2,614 (-12.01%)	$2,200 (4.55%)
3 BR	$2.00	$2,700	$3,583 (-24.65%)	$2,532 (6.65%)
4+ BR	$2.05	$3,900	$3,972 (-1.80%)	$3,098 (25.87%)

Historical Rents in Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Chicago

There are a total of 7 cities nearby Chicago. The average rent in Chicago is currently $2,590 per month. Our records show that Schaumburg, IL, with an average rent of $2,300, is the most affordable city nearby. In contrast, the most expensive city near Chicago, IL is River Grove, IL. Monthly rents here are on average $3,250 per month.

Let's compare Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 7.03% more affordable. Two bedrooms in Chicago, IL are about 14.47% more affordable. Finally, rent for three bedrooms are about 9.22% more affordable. Want more information? Check out the top 7 cities near Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$2,154	$2,576	$2,300
Wheaton, IL	N/A	$1,980	$2,449	$2,464
Oak Park, IL	$1,150	$1,600	$2,650	$2,498
Naperville, IL	N/A	$1,854	$2,320	$2,590
Aurora, IL	N/A	$1,400	$2,200	$2,650
Evanston, IL	$1,395	$2,333	$2,998	$2,658
River Grove, IL	$1,113	$2,000	$2,600	$3,250

Top Neighborhoods Near Chicago

There are a total of 15 neighborhoods in or near Chicago. Some of these neighborhoods include South Shore, Rogers Park, and Edgewater. We've included all of these top 15 neighborhoods in or near Chicago, IL in the following chart.

The average rent for these 15 neighborhoods in or near Chicago, IL is currently around $2,200 per month. A total of 8 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $2,200. Interestingly, the neighborhoods' average rent is equivalent to Chicago's average rent, which is also $2,200. Interestingly, the neighborhoods' average rent is less than Chicago's average rent, which is actually $2,200. Out of all the neighborhoods in or near Chicago, South Shore has the most affordable average rent at $1,475 per month. Whereas, at $3,550 average rent per month, The Loop is the most expensive neighborhood in or near Chicago. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$750	$1,338	$1,450	$1,475
Rogers Park, Chicago, IL	$1,250	$1,550	$1,963	$1,720
Edgewater, Chicago, IL	$1,368	$1,688	$2,400	$1,750
Uptown, Chicago, IL	$1,223	$1,673	$2,325	$1,805
West Rogers Park, Chicago, IL	N/A	$1,650	$1,945	$2,100
Pilsen, Chicago, IL	N/A	$1,600	$1,845	$2,148
Logan Square, Chicago, IL	$1,345	$1,825	$2,373	$2,200
Humboldt Park, Chicago, IL	N/A	$1,645	$1,923	$2,200
Bronzeville, Chicago, IL	$1,150	$1,650	$2,200	$2,300
Hyde Park, Chicago, IL	$1,295	$1,700	$2,075	$2,355
Ravenswood, Chicago, IL	$1,250	$1,750	$2,898	$2,463
Lakeview, Chicago, IL	$1,555	$2,100	$2,900	$2,698
Near North Side, Chicago, IL	$1,635	$2,400	$4,000	$3,000
South Loop, Chicago, IL	$1,650	$2,300	$3,300	$3,100
The Loop, Chicago, IL	$2,200	$2,441	$3,700	$3,550

Top Counties Near Chicago

There are a total of 15 counties located by Chicago, IL. Some of these counties include Thornton, IL, Proviso, IL, and Chicago, IL. The average rent for rentals in these counties is $2,499. 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 $1,665. Vice versa, with an average rent of $3,250, Wheatland, Naperville, IL is the most expensive county by Chicago, IL.

In comparison, rent for one bedroom listings in Chicago, IL is 0.11% more affordable than other counties nearby. Finally, rent for two bedrooms in Chicago, IL is 2.22% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Thornton, IL	N/A	$1,200	$1,475	$1,665
Proviso, IL	$1,325	$1,400	$1,750	$1,900
Chicago, IL	$1,350	$1,850	$2,250	$2,200
Downers Grove, IL	N/A	$1,889	$2,249	$2,249
Milton, IL	N/A	$1,924	$2,414	$2,434
Maine, IL	N/A	$1,600	$2,100	$2,496
Oak Park, IL	$1,150	$1,600	$2,650	$2,498
Lisle, IL	N/A	$1,600	$2,000	$2,500
Leyden, IL	$1,150	$1,925	$2,300	$2,550
Evanston, IL	$1,395	$2,333	$2,998	$2,658

Top Zipcodes Near Chicago

There are a total of 5 zipcodes in or near Chicago, IL. The average rent for all of these zipcodes is $2,125. 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 $1,645 per month. In comparison, the zipcode with the most expensive average rent of $2,789 per month is 60201, Evanston, IL.

Studios in these zipcodes have an average rent of $1,275. 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 Chicago, IL is $1,748 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,100 per month. Which comes out to $2 per sqft. The following chart includes the top 5 zipcodes in Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60615, Chicago, IL	$1,299	$1,800	$1,925	$2,125
60618, Chicago, IL	$1,275	$1,748	$2,398	$2,500
60625, Chicago, IL	$1,100	$1,575	$2,100	$2,100
60641, Chicago, IL	$1,175	$1,400	$1,800	$1,645
60201, Evanston, IL	$1,395	$2,500	$3,466	$2,789

Frequently Asked Questions - Chicago Average Rents

What is the average rent price in Chicago, IL?

The average monthly rental price for Chicago, IL apartments for rent is approximately $2,200. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 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 Chicago, IL.

How much is a studio apartment in Chicago, IL?

The average monthly rental price for studio apartments is $1,350 and an average price per square feet of $3.25. There are a total of 314 studio apartment listings currently available for rent in Chicago.

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

The average monthly rental price for one bedroom apartments is $1,850 and an average price per square feet of $2.70. There are a total of 737 one bedroom apartment listings currently available for rent in Chicago.

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

The average monthly rental price for two bedroom apartments is $2,250 and an average price per square feet of $2.28. There are a total of 1,089 two bedroom apartment listings currently available for rent in Chicago.

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

Rent prices for rentals in Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by -0.10%, one bedroom rental prices have changed by -0.06%, two bedroom rental prices have changed by -0.12%, and three bedroom rental prices have changed by -0.25% year-over-year.

What is a reasonable rent price in Chicago, IL?

A reasonable rent price in Chicago, IL is around $1,760/month. You can search for these reasonably priced rental listings on RentHop.