Average Rent in Illinois

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Current Versus Historical Illinois Rents

Illinois rentals average $1,290 for a studio rental to $3,400 for a 4-bedroom rental. The median price of all currently available listings is $1,900, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $215 (-16.35%) year-over-year from $1,315 to $1,100. 1-bedroom rentals prices have decreased by $242 (-13.15%) year-over-year from $1,842 to $1,600. 2-bedroom rentals prices have decreased by $180 (-8.65%) year-over-year from $2,080 to $1,900. 3-bedroom rentals prices have increased by $10 (0.42%) year-over-year from $2,442 to $2,453. 4-bedroom rentals prices have increased by $346 (11.90%) year-over-year from $2,904 to $3,250. 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 2.77% this month. 1-bedroom rents have gone down by 2.76% this month. 2-bedroom rents have gone down by 2.51% this month. 3-bedroom rents have gone up by 1.80% this month. 4-bedroom rents have gone up by 6.51% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.07	$1,100	$1,315 (-16.35%)	$1,381 (-20.36%)
1 BR	$2.43	$1,600	$1,842 (-13.15%)	$1,566 (2.19%)
2 BR	$1.96	$1,900	$2,080 (-8.65%)	$1,862 (2.06%)
3 BR	$1.79	$2,453	$2,442 (0.42%)	$2,358 (3.99%)
4+ BR	$1.74	$3,250	$2,904 (11.90%)	$2,995 (8.51%)

Historical Rents in Illinois

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Illinois

There are a total of 50 cities nearby Illinois. The average rent in Illinois is currently $1,245 per month. A total of 43 cities nearby have an average rent lower than that. Our records show that Waterloo, IA, with an average rent of $798, is the most affordable city nearby. In contrast, the most expensive city near Illinois is Naperville, IL. Monthly rents here are on average $2,825 per month.

Let's compare Illinois's rent against other top cities nearby by bedroom size. Typically, rent for studios in Illinois is 31.40% more expensive than other cities nearby. One bedrooms are about 43.94% more expensive. Two bedrooms in Illinois are about 45.08% more expensive. Finally, rent for three bedrooms are about 38.55% more expensive. Want more information? Check out the top 10 cities out of 50 total cities near Illinois in the following chart.

City	Studio	1 Bed	2 Bed	All
Davenport, IA	$633	$725	$875	$895
Springfield, IL	$675	$788	$950	$1,000
Champaign, IL	$852	$1,020	$1,260	$1,175
Columbia, MO	$1,000	$800	$950	$1,250
Indianapolis, IN	$717	$788	$1,029	$1,295
Louisville, KY	$2,125	$913	$1,237	$1,300
St. Louis, MO	$1,150	$1,115	$1,500	$1,395
Bloomington, IN	$1,158	$1,049	$1,582	$1,600
Wheaton, IL	N/A	$1,960	$2,320	$2,320
Naperville, IL	N/A	$1,650	$2,200	$2,825

Top Neighborhoods Near Illinois

There are a total of 17 neighborhoods in or near Illinois. Some of these neighborhoods include Lower East Side, Downtown Madison, and Edgewater. We've included all of these top 17 neighborhoods in or near Illinois in the following chart.

The average rent for these 17 neighborhoods in or near Illinois is currently around $1,863 per month. A total of 9 neighborhoods have a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $1,863. Out of all the neighborhoods in or near Illinois, Lower East Side has the most affordable average rent at $935 per month. Whereas, at $2,800 average rent per month, South Loop is the most expensive neighborhood in or near Illinois. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Lower East Side, Milwaukee, WI	$755	$925	$1,363	$935
Downtown Madison, Madison, WI	$1,075	$1,300	$1,990	$1,525
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
Old Northeast, Bloomington, IN	$1,110	$1,198	$1,975	$2,000
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
Midtown, Atlanta, GA	$1,485	$2,000	$2,750	$2,500
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 Illinois

There are a total of 17 counties located by Illinois. Some of these counties include Delaware, IN, Warren, KY, and Champaign, IL. The average rent for rentals in these counties is $1,363. That's roughly around $1 per sqft. A total of 39 counties have a lower average rent. The county that is the most affordable is Lucas, OH. It's average rent per month is $850. Vice versa, with an average rent of $2,600, Fulton, GA is the most expensive county by Illinois.

Typically, rent for studios in Illinois is 28.88% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Illinois is 42.05% more expensive than other counties nearby. Finally, rent for two bedrooms in Illinois is 39.09% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Delaware, IN	$598	$695	$829	$875
Warren, KY	$1,800	$845	$1,100	$1,050
Champaign, IL	$788	$950	$1,120	$1,100
Boone, MO	$1,000	$800	$950	$1,250
Marion, IN	$748	$795	$1,088	$1,295
Jefferson, KY	$2,125	$925	$1,237	$1,300
Monroe, IN	$1,158	$1,050	$1,500	$1,600
Cook, IL	$1,345	$1,753	$2,200	$2,043
Hamilton, IN	N/A	$1,339	$1,600	$2,200
DuPage, IL	$1,147	$1,818	$2,212	$2,350

Top Zipcodes Near Illinois

There are a total of 42 zipcodes in or near Illinois. The average rent for all of these zipcodes is $1,679. A total of 24 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 52001, Dubuque County, IA at $408 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 $988. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Illinois is $1,325 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,725 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Illinois. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60657, Chicago, IL	$1,345	$1,900	$2,600	$2,077
60647, Chicago, IL	$1,250	$1,848	$2,150	$2,048
60613, Chicago, IL	$1,300	$1,700	$2,568	$1,943
60640, Chicago, IL	$1,105	$1,595	$2,495	$1,550
60614, Chicago, IL	$1,663	$2,295	$2,862	$2,300
60610, Chicago, IL	$1,860	$2,300	$3,450	$2,658
60625, Chicago, IL	$1,100	$1,498	$2,100	$1,663
72712, Bentonville, AR	N/A	$1,200	$1,450	$1,863
60626, Chicago, IL	$1,150	$1,375	$1,850	$1,600
35205, Birmingham, AL	$755	$938	$1,265	$1,005

Frequently Asked Questions - Illinois Average Rents

What is the average rent price in Illinois?

The average monthly rental price for Illinois apartments for rent is approximately $1,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Illinois 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 Illinois.

How much is a studio apartment in Illinois?

The average monthly rental price for studio apartments is $1,290 and an average price per square feet of $3.07. There are a total of 619 studio apartment listings currently available for rent in Illinois.

How much is a one bedroom apartment in Illinois?

The average monthly rental price for one bedroom apartments is $1,650 and an average price per square feet of $2.43. There are a total of 1,485 one bedroom apartment listings currently available for rent in Illinois.

How much is a two bedroom apartment in Illinois?

The average monthly rental price for two bedroom apartments is $2,000 and an average price per square feet of $1.96. There are a total of 1,854 two bedroom apartment listings currently available for rent in Illinois.

How have rent prices in Illinois changed this year?

Rent prices for rentals in Illinois can fluctuate yearly. Specifically, studio rental prices have changed by -0.16%, one bedroom rental prices have changed by -0.13%, two bedroom rental prices have changed by -0.09%, and three bedroom rental prices have changed by 0.00% year-over-year.

What is a reasonable rent price in Illinois?

A reasonable rent price in Illinois is around $1,520/month. You can search for these reasonably priced rental listings on RentHop.