Average Rent in Chicago, IL

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Current Versus Historical Chicago, IL Rents

Chicago rentals average $1,515 for a studio rental to $3,995 for a 4-bedroom rental. The median price of all currently available listings is $2,250, or roughly $29 per square feet.

For the apartment units and housing in August 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $83 (5.59%) year-over-year from $1,492 to $1,575. 1-bedroom rentals prices have increased by $78 (3.88%) year-over-year from $2,017 to $2,095. 2-bedroom rentals prices have increased by $48 (2.06%) year-over-year from $2,352 to $2,400. 3-bedroom rentals prices have decreased by $47 (-1.64%) year-over-year from $2,847 to $2,800. 4-bedroom rentals prices have increased by $96 (2.46%) year-over-year from $3,899 to $3,995. 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 2.22% this month. 1-bedroom rents have gone up by 1.53% this month. 2-bedroom rents have gone down by 2.44% this month. 3-bedroom rents have gone down by 6.15% this month. 4-bedroom rents have gone down by 5.20% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$40.87	$1,575	$1,492 (5.59%)	$1,329 (18.54%)
1 BR	$33.75	$2,095	$2,017 (3.88%)	$1,794 (16.78%)
2 BR	$28.00	$2,400	$2,352 (2.06%)	$2,312 (3.82%)
3 BR	$24.00	$2,800	$2,847 (-1.64%)	$2,699 (3.74%)
4+ BR	$25.00	$3,995	$3,899 (2.46%)	$3,307 (20.82%)

Historical Rents in Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Chicago

There are a total of 12 cities nearby Chicago. The average rent in Chicago is currently $2,400 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Cicero, IL, with an average rent of $1,150, is the most affordable city nearby. In contrast, the most expensive city near Chicago, IL is Buffalo Grove, IL. Monthly rents here are on average $2,750 per month.

Let's compare Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Chicago, IL is 70.79% more expensive than other cities nearby. One bedrooms are about 9.21% more expensive. Two bedrooms in Chicago, IL are about 3.65% more expensive. Finally, rent for three bedrooms are about 3.45% more affordable. Want more information? Check out the top 10 cities out of 12 total cities near Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Cicero, IL	$885	$1,085	$1,700	$1,150
Berwyn, IL	$1,023	$1,200	$1,798	$1,440
Palatine, IL	N/A	$1,500	$1,875	$1,900
Wheaton, IL	$1,300	$1,899	$2,349	$2,263
Oak Park, IL	$1,263	$1,750	$2,325	$2,300
Schaumburg, IL	N/A	$2,200	$2,250	$2,399
Evanston, IL	$2,450	$2,295	$2,395	$2,595
Skokie, IL	N/A	$2,075	$2,273	$2,600
Naperville, IL	N/A	$1,799	$2,325	$2,618
Buffalo Grove, IL	N/A	$1,750	$2,513	$2,750

Top Neighborhoods Near Chicago

There are a total of 31 neighborhoods in or near Chicago. Some of these neighborhoods include Englewood, South Shore, and Austin. We've included the top 30 neighborhoods out of 31 total neighborhoods in or near Chicago, IL in the following table.

The average rent for these 30 neighborhoods in or near Chicago, IL is currently around $2,266 per month. A total of 15 neighborhoods have a lower average rent. Meaning, only fifteen neighborhoods have a higher average rent than $2,266. Interestingly, the neighborhoods' average rent is higher than Chicago's average rent, which is only $2,250. Out of all the neighborhoods in or near Chicago, Englewood has the most affordable average rent at $1,400 per month. Whereas, at $3,999 average rent per month, DePaul is the most expensive neighborhood in or near Chicago. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Englewood, Chicago, IL	$1,100	$1,250	$1,390	$1,400
South Shore, Chicago, IL	$1,038	$1,149	$1,500	$1,550
Austin, Chicago, IL	$850	$699	$1,775	$1,600
Edgewater, Chicago, IL	$1,295	$1,500	$2,650	$1,600
Rogers Park, Chicago, IL	$1,200	$1,450	$1,900	$1,650
Woodlawn, Chicago, IL	N/A	$1,565	$1,800	$1,800
Portage Park, Chicago, IL	$1,300	$1,500	$1,750	$1,850
Lawndale, Chicago, IL	$1,600	$1,450	$1,750	$1,900
Uptown, Chicago, IL	$1,325	$1,735	$2,700	$1,924
Albany Park, Chicago, IL	$1,250	$1,650	$2,000	$1,960
Pilsen, Chicago, IL	$1,425	$1,800	$1,900	$1,975
West Rogers Park, Chicago, IL	$1,350	$1,595	$1,960	$2,050
Jefferson Park, Chicago, IL	$1,348	$1,595	$1,950	$2,100
Ravenswood, Chicago, IL	$1,500	$1,900	$2,550	$2,150
Humboldt Park, Chicago, IL	$1,850	$1,975	$2,100	$2,243
Lakeview, Chicago, IL	$1,500	$2,100	$3,098	$2,395
Hyde Park, Chicago, IL	$1,375	$1,595	$2,090	$2,399
Logan Square, Chicago, IL	$1,450	$1,995	$2,550	$2,400
Bronzeville, Chicago, IL	$1,193	$1,600	$2,355	$2,478
Lincoln Park, Chicago, IL	$1,673	$2,550	$3,704	$2,725
Near North Side, Chicago, IL	$1,950	$2,600	$4,000	$2,800
South Loop, Chicago, IL	$1,850	$2,350	$3,200	$2,800
University Village - Little Italy, Chicago, IL	$1,488	$2,275	$2,750	$2,850
Roscoe Village, Chicago, IL	$1,473	$2,043	$2,675	$2,898
The Loop, Chicago, IL	$1,893	$2,500	$3,500	$3,000
Wicker Park, Chicago, IL	$2,600	$2,125	$2,775	$3,000
West Town, Chicago, IL	N/A	$2,395	$2,995	$3,200
Near West Side, Chicago, IL	N/A	$2,800	$3,574	$3,200
Bucktown, Chicago, IL	$2,230	$2,515	$3,775	$3,535
DePaul, Chicago, IL	$1,975	$2,432	$3,575	$3,999

Top Counties Near Chicago

There are a total of 30 counties located by Chicago, IL. Some of these counties include Cicero, IL, Berwyn, IL, and Worth, IL. The average rent for rentals in these counties is $2,400. That's roughly around $23 per sqft. A total of 9 counties have a lower average rent. The county that is the most affordable is Cicero, IL. Its average rent per month is $1,150. Vice versa, with an average rent of $3,500, New Trier, IL is the most expensive county by Chicago, IL.

Typically, rent for studios in Chicago, IL is 21.12% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Chicago, IL is 18.45% more expensive than other counties nearby. Finally, rent for two bedrooms in Chicago, IL is 8.33% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Cicero, IL	$885	$1,085	$1,700	$1,150
Berwyn, IL	$1,023	$1,200	$1,798	$1,440
Worth, IL	$1,400	$1,400	$1,700	$1,800
Leyden, IL	$1,200	$1,385	$2,025	$1,843
Proviso, IL	$1,225	$1,400	$1,850	$1,898
Lyons, IL	N/A	$1,425	$1,775	$2,073
Chicago, IL	$1,515	$2,008	$2,400	$2,250
Oak Park, IL	$1,263	$1,750	$2,325	$2,300
Evanston, IL	$2,450	$2,295	$2,395	$2,595
Niles, IL	N/A	$2,500	$2,450	$2,995

Top Zipcodes Near Chicago

There are a total of 39 zipcodes in or near Chicago, IL. The average rent for all of these zipcodes is $2,200. A total of 20 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60804, Cicero, IL at $1,150 per month. In comparison, the zipcode with the most expensive average rent of $3,295 per month is 60614, Chicago, IL.

Studios in these zipcodes have an average rent of $1,450. 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 Chicago, IL is $1,800 per month. Or in other words, $32 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,400 per month. Which comes out to $27 per sqft. The following table includes the top 10 zipcodes in Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60657, Chicago, IL	$1,503	$2,100	$3,098	$2,350
60614, Chicago, IL	$1,750	$2,500	$3,600	$3,295
60613, Chicago, IL	$1,500	$2,048	$2,996	$2,400
60608, Chicago, IL	$1,550	$1,800	$1,925	$2,044
60647, Chicago, IL	$1,595	$2,095	$2,695	$2,495
60611, Chicago, IL	$2,000	$2,524	$4,150	$3,150
60622, Chicago, IL	$1,793	$2,150	$2,800	$2,900
60607, Chicago, IL	$1,488	$2,800	$3,495	$3,000
60640, Chicago, IL	$1,300	$1,800	$2,500	$1,953
60610, Chicago, IL	$1,695	$2,350	$3,795	$2,608

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 $2,250. 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 $1,515 and an average price per square feet of $40.87. There are a total of 616 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 $2,008 and an average price per square feet of $33.75. There are a total of 1,611 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 $2,400 and an average price per square feet of $28.00. There are a total of 2,159 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 0.06%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.02%, three bedroom rental prices have changed by -0.02% year-over-year.

What is a reasonable rent price in Chicago, IL?

A reasonable rent price in Chicago, IL is around $1,800/month. You can search for these reasonably priced rental listings on RentHop.