Average Rent in Far South Chicago, Chicago, IL

Current Versus Historical Far South Chicago, Chicago, IL Rents

Far South Chicago rentals average $1,345 for a studio rental to $3,345 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 April 2024, median rents have risen over the last year. Studio rentals prices have increased by $436 (66.08%) year-over-year from $659 to $1,095. 1-bedroom rentals prices have increased by $72 (6.38%) year-over-year from $1,123 to $1,195. 2-bedroom rentals prices have decreased by $64 (-4.35%) year-over-year from $1,464 to $1,400. 3-bedroom rentals prices have increased by $107 (6.48%) year-over-year from $1,644 to $1,750. 4-bedroom rentals prices have increased by $271 (11.81%) year-over-year from $2,291 to $2,562. 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 5.63% this month. 1-bedroom rents have gone down by 5.30% this month. 2-bedroom rents have gone down by 12.28% this month. 3-bedroom rents have gone down by 1.36% this month. 4-bedroom rents have gone up by 5.56% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.36	$1,095	$659 (66.08%)	$799 (37.07%)
1 BR	$1.78	$1,195	$1,123 (6.38%)	$917 (30.36%)
2 BR	$1.78	$1,400	$1,464 (-4.35%)	$1,167 (20.00%)
3 BR	$1.69	$1,750	$1,644 (6.48%)	$1,365 (28.21%)
4+ BR	$2.02	$2,562	$2,291 (11.81%)	$1,467 (74.68%)

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 $2,210 per month. Our records show that Evanston, IL, with an average rent of $1,925, 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 $2,825 per month.

Let's compare Far South Chicago, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 18.62% more affordable. Two bedrooms in Far South Chicago, Chicago, IL are about 38.46% more affordable. Finally, rent for three bedrooms are about 22.14% 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
Evanston, IL	$1,185	$1,595	$2,150	$1,925
Chicago, IL	$1,350	$1,790	$2,300	$2,035
Schaumburg, IL	N/A	$1,995	$2,350	$2,100
Wheaton, IL	N/A	$1,960	$2,320	$2,320
Aurora, IL	N/A	$1,300	$2,000	$2,398
Naperville, IL	N/A	$1,650	$2,200	$2,825

Top Neighborhoods Near Far South Chicago

There are a total of 13 neighborhoods in or near Far South Chicago. Some of these neighborhoods include Edgewater, Uptown, and Rogers Park. We've included all of these top 13 neighborhoods in or near Far South Chicago, Chicago, IL in the following chart.

The average rent for these 13 neighborhoods in or near Far South Chicago, Chicago, IL is currently around $1,863 per month. A total of 6 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $1,863. 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 $2,800 average rent per month, South Loop 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	$1,120	$1,550	$2,200	$1,550
Uptown, Chicago, IL	$1,100	$1,600	$2,595	$1,600
Rogers Park, Chicago, IL	$1,150	$1,350	$1,850	$1,600
Ravenswood, Chicago, IL	$1,210	$1,595	$2,775	$1,640
West Rogers Park, Chicago, IL	$1,200	$1,350	$1,800	$1,700
Albany Park, Chicago, IL	$1,048	$1,420	$1,900	$1,775
Lincoln Park, Chicago, IL	$1,390	$1,925	$2,795	$1,863
Logan Square, Chicago, IL	$1,250	$1,795	$2,050	$1,906
Lakeview, Chicago, IL	$1,343	$1,895	$2,590	$2,092
Hyde Park, Chicago, IL	$1,250	$1,698	$1,899	$2,235
DePaul, Chicago, IL	$1,665	$2,290	$2,400	$2,395
Near North Side, Chicago, IL	$1,860	$2,399	$3,500	$2,563
South Loop, Chicago, IL	$1,700	$2,200	$3,000	$2,800

Top Counties Near Far South Chicago

There are a total of 13 counties located by Far South Chicago, Chicago, IL. Some of these counties include Evanston, IL, Chicago, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,142. That's roughly around $2 per sqft. The county that is the most affordable is Evanston, IL. It's average rent per month is $1,925. Vice versa, with an average rent of $2,700, 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 24.76% more affordable than other counties nearby. Finally, rent for two bedrooms in Far South Chicago, Chicago, IL is 38.46% 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	$1,925
Chicago, IL	$1,350	$1,790	$2,300	$2,035
Schaumburg, IL	N/A	$1,995	$2,350	$2,095
Downers Grove, IL	N/A	$1,828	$2,200	$2,188
Milton, IL	N/A	$1,960	$2,320	$2,320
Naperville, IL	N/A	$1,663	$2,175	$2,700

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 $2,075. 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 60660, Chicago, IL at $1,550 per month. In comparison, the zipcode with the most expensive average rent of $3,148 per month is 60607, Chicago, 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 Far South Chicago, Chicago, IL is $1,848 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,438 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	$1,275	$1,698	$1,962	$2,185
60608, Chicago, IL	N/A	$1,375	$1,850	$2,075
60607, Chicago, IL	$1,700	$2,400	$3,275	$3,148
60611, Chicago, IL	$1,800	$2,305	$3,650	$2,725
60654, Chicago, IL	$1,945	$2,500	$3,525	$2,500
60610, Chicago, IL	$1,860	$2,300	$3,450	$2,658
60642, Chicago, IL	$1,929	$2,225	$2,850	$2,700
60622, Chicago, IL	$1,893	$2,100	$2,438	$2,438
60614, Chicago, IL	$1,663	$2,295	$2,862	$2,300
60647, Chicago, IL	$1,250	$1,848	$2,150	$2,048

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 $1,345 and an average price per square feet of $3.36. There are a total of 27 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 $1,450 and an average price per square feet of $1.78. 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 $1,625 and an average price per square feet of $1.78. There are a total of 42 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 0.66%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by -0.04%, and three bedroom rental prices have changed by 0.06% 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.