Average Rent in Far South Chicago, Chicago, IL

Current Versus Historical Far South Chicago, Chicago, IL Rents

Far South Chicago rentals average $1,322 for a studio rental to $3,420 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $9,365 (1,476.30%) year-over-year from $634 to $9,999. 1-bedroom rentals prices have increased by $8,900 (809.69%) year-over-year from $1,099 to $9,999. 2-bedroom rentals prices have increased by $104 (7.49%) year-over-year from $1,391 to $1,495. 3-bedroom rentals prices have increased by $565 (35.63%) year-over-year from $1,585 to $2,150. 4-bedroom rentals prices have increased by $225 (10.13%) year-over-year from $2,225 to $2,450. 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 147.52% this month. 1-bedroom rents have gone up by 137.56% this month. 2-bedroom rents have gone down by 9.99% this month. 3-bedroom rents have gone up by 9.79% this month. 4-bedroom rents have gone down by 5.45% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.27	$9,999	$634 (1,476.30%)	$805 (1,142.63%)
1 BR	$2.00	$9,999	$1,099 (809.69%)	$917 (990.80%)
2 BR	$1.85	$1,495	$1,391 (7.49%)	$1,233 (21.22%)
3 BR	$1.71	$2,150	$1,585 (35.63%)	$1,383 (55.42%)
4+ BR	$2.05	$2,450	$2,225 (10.13%)	$1,492 (64.25%)

Historical Rents in Far South Chicago, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Far South Chicago

There are a total of 6 cities nearby Far South Chicago. The average rent in Far South Chicago is currently $2,226 per month. Our records show that Chicago, IL, with an average rent of $2,095, is the most affordable city nearby. In contrast, the most expensive city near Far South Chicago, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,790 per month.

Let's compare Far South Chicago, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 27.59% more affordable. Two bedrooms in Far South Chicago, Chicago, IL are about 41.03% more affordable. Finally, rent for three bedrooms are about 25.39% more affordable. Want more information? Check out the top 6 cities near Far South Chicago, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,300	$1,745	$2,338	$2,095
Evanston, IL	$1,043	$1,700	$2,150	$2,145
Schaumburg, IL	N/A	$1,995	$2,350	$2,195
Wheaton, IL	N/A	$1,923	$2,310	$2,257
Aurora, IL	N/A	$1,300	$2,050	$2,325
Naperville, IL	N/A	$1,650	$2,200	$2,790

Top Neighborhoods Near Far South Chicago

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

The average rent for these 14 neighborhoods in or near Far South Chicago, Chicago, IL is currently around $2,025 per month. A total of 6 neighborhoods have a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $2,025. Interestingly, the neighborhoods' average rent is higher than Far South Chicago's average rent, which is only $1,800. Out of all the neighborhoods in or near Far South Chicago, Edgewater has the most affordable average rent at $1,550 per month. Whereas, at $3,000 average rent per month, Near North Side is the most expensive neighborhood in or near Far South Chicago. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Edgewater, Chicago, IL	$1,132	$1,550	$2,150	$1,550
Rogers Park, Chicago, IL	$1,150	$1,400	$1,850	$1,600
Albany Park, Chicago, IL	$1,045	$1,420	$1,863	$1,650
West Rogers Park, Chicago, IL	$1,200	$1,350	$1,800	$1,673
Uptown, Chicago, IL	$1,150	$1,625	$2,600	$1,695
Ravenswood, Chicago, IL	$1,220	$1,623	$2,623	$1,783
Logan Square, Chicago, IL	$1,250	$1,798	$2,000	$1,950
Lakeview, Chicago, IL	$1,463	$1,927	$2,595	$2,100
Lincoln Park, Chicago, IL	$1,450	$1,875	$3,050	$2,200
Hyde Park, Chicago, IL	$1,275	$1,650	$1,875	$2,267
DePaul, Chicago, IL	$1,670	$2,343	$2,400	$2,395
The Loop, Chicago, IL	$1,825	$2,500	$3,075	$2,700
South Loop, Chicago, IL	N/A	$2,248	$3,000	$2,900
Near North Side, Chicago, IL	$1,775	$2,399	$3,604	$3,000

Top Counties Near Far South Chicago

There are a total of 14 counties located by Far South Chicago, Chicago, IL. Some of these counties include Chicago, IL, Schaumburg, IL, and Evanston, IL. The average rent for rentals in these counties is $2,172. That's roughly around $2 per sqft. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,095. Vice versa, with an average rent of $2,500, Naperville, IL is the most expensive county by Far South Chicago, Chicago, IL.

In comparison, rent for one bedroom listings in Far South Chicago, Chicago, IL is 32.11% more affordable than other counties nearby. Finally, rent for two bedrooms in Far South Chicago, Chicago, IL is 40.49% more affordable than other counties nearby. We've listed the top 6 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,300	$1,745	$2,338	$2,095
Schaumburg, IL	N/A	$1,995	$2,350	$2,138
Evanston, IL	$1,043	$1,700	$2,150	$2,145
Downers Grove, IL	N/A	$1,822	$2,218	$2,198
Milton, IL	N/A	$1,900	$2,275	$2,257
Naperville, IL	N/A	$1,663	$2,198	$2,500

Top Zipcodes Near Far South Chicago

There are a total of 21 zipcodes in or near Far South Chicago, Chicago, IL. The average rent for all of these zipcodes is $2,095. 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 60641, Chicago, IL at $1,500 per month. In comparison, the zipcode with the most expensive average rent of $3,500 per month is 60611, 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 Far South Chicago, Chicago, IL is $1,850 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,475 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Far South Chicago, 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	$1,250	$1,573	$1,875	$2,038
60605, Chicago, IL	N/A	$2,300	$3,014	$2,782
60608, Chicago, IL	N/A	$1,538	$1,850	$2,000
60607, Chicago, IL	$1,594	$2,415	$3,225	$3,000
60611, Chicago, IL	$1,835	$2,500	$3,717	$3,500
60610, Chicago, IL	$1,763	$2,300	$3,500	$2,760
60642, Chicago, IL	$1,929	$2,300	$2,800	$2,556
60622, Chicago, IL	$1,890	$2,100	$2,493	$2,500
60614, Chicago, IL	$1,630	$2,223	$2,958	$2,395
60647, Chicago, IL	$1,250	$1,850	$2,150	$2,050

Frequently Asked Questions - Far South Chicago Average Rents

What is the average rent price in Far South Chicago, Chicago, IL?

The average monthly rental price for Far South Chicago, Chicago, IL apartments for rent is approximately $1,800. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Far South 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 Far South Chicago, Chicago, IL.

How much is a studio apartment in Far South Chicago, Chicago, IL?

The average monthly rental price for studio apartments is $1,322 and an average price per square feet of $3.27. There are a total of 26 studio apartment listings currently available for rent in Far South Chicago.

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

The average monthly rental price for one bedroom apartments is $1,350 and an average price per square feet of $2.00. There are a total of 19 one bedroom apartment listings currently available for rent in Far South Chicago.

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

The average monthly rental price for two bedroom apartments is $1,599 and an average price per square feet of $1.85. There are a total of 39 two bedroom apartment listings currently available for rent in Far South Chicago.

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

Rent prices for rentals in Far South Chicago, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 14.76%, one bedroom rental prices have changed by 8.10%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.36% year-over-year.

What is a reasonable rent price in Far South Chicago, Chicago, IL?

A reasonable rent price in Far South Chicago, Chicago, IL is around $1,440/month. You can search for these reasonably priced rental listings on RentHop.