Average Rent in Morgan Park, Chicago, IL

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Current Versus Historical Morgan Park, Chicago, IL Rents

Morgan Park rentals average $1,450 for a 1-bedroom rental to $2,238 for a 3-bedroom rental. The median price of all currently available listings is $1,500, or roughly $23 per square feet.

For the apartment units and housing in October 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $2,278 to $2,278. 1-bedroom rentals prices have decreased by $17 (-1.14%) year-over-year from $1,467 to $1,450. 2-bedroom rentals prices have decreased by $542 (-26.21%) year-over-year from $2,067 to $1,525. 3-bedroom rentals prices have decreased by $513 (-18.64%) year-over-year from $2,750 to $2,238. 4-bedroom rentals prices have increased by $1,175 (50.54%) year-over-year from $2,325 to $3,500. 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 0.00% this month. 1-bedroom rents have gone up by 7.41% this month. 2-bedroom rents have gone down by 0.54% this month. 3-bedroom rents have gone up by 29.40% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$23.20	$1,450	$1,467 (-1.14%)	$1,573 (-7.79%)
2 BR	$23.63	$1,525	$2,067 (-26.21%)	$1,647 (-7.39%)
3 BR	$16.23	$2,238	$2,750 (-18.64%)	$2,183 (2.48%)

Historical Rents in Morgan Park, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Morgan Park

There are a total of 12 cities nearby Morgan Park. The average rent in Morgan Park is currently $2,405 per month. Our records show that Oak Park, IL, with an average rent of $2,119, is the most affordable city nearby. In contrast, the most expensive city near Morgan Park, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,900 per month.

Let's compare Morgan Park, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 32.74% more affordable. Two bedrooms in Morgan Park, Chicago, IL are about 45.08% more affordable. Finally, rent for three bedrooms are about 34.08% more affordable. Want more information? Check out the top 10 cities out of 12 total cities near Morgan Park, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Oak Park, IL	$1,929	$2,419	$2,150	$2,119
Joliet, IL	N/A	$1,313	$1,900	$2,379
Skokie, IL	$1,150	$2,300	$2,200	$2,400
Schaumburg, IL	N/A	$2,233	$2,325	$2,400
Aurora, IL	$1,350	$1,350	$2,185	$2,400
Wheaton, IL	$1,425	$1,850	$2,533	$2,411
Evanston, IL	$2,110	$1,795	$2,395	$2,500
Chicago, IL	$2,140	$2,576	$3,048	$2,575
Arlington Heights, IL	$1,200	$2,000	$2,225	$2,600
Naperville, IL	N/A	$1,625	$2,350	$2,900

Top Neighborhoods Near Morgan Park

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

The average rent for these 30 neighborhoods in or near Morgan Park, Chicago, IL is currently around $2,406 per month. Interestingly, the neighborhoods' average rent is higher than Morgan Park's average rent, which is only $1,500. Out of all the neighborhoods in or near Morgan Park, South Shore has the most affordable average rent at $1,575 per month. Whereas, at $3,952 average rent per month, DePaul is the most expensive neighborhood in or near Morgan Park. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$995	$1,200	$1,450	$1,575
Edgewater, Chicago, IL	$1,364	$1,600	$2,498	$1,650
Austin, Chicago, IL	$1,150	$1,174	$1,600	$1,750
Rogers Park, Chicago, IL	$1,341	$1,450	$2,000	$1,784
Woodlawn, Chicago, IL	N/A	$1,565	$1,850	$1,880
West Rogers Park, Chicago, IL	$1,338	$1,495	$1,905	$1,903
Lawndale, Chicago, IL	$1,550	$1,400	$1,650	$1,925
Hyde Park, Chicago, IL	$1,095	$1,373	$2,350	$1,925
Uptown, Chicago, IL	$1,395	$1,980	$2,500	$1,985
Albany Park, Chicago, IL	$1,275	$1,513	$2,000	$2,000
Pilsen, Chicago, IL	$1,998	$1,498	$2,025	$2,050
Jefferson Park, Chicago, IL	$1,300	$1,500	$2,200	$2,200
Ravenswood, Chicago, IL	$1,550	$1,950	$2,650	$2,250
Humboldt Park, Chicago, IL	$1,513	$1,750	$2,075	$2,350
Logan Square, Chicago, IL	$1,695	$2,233	$2,520	$2,400
University Village - Little Italy, Chicago, IL	$2,004	$2,336	$3,036	$2,412
Lakeview, Chicago, IL	$1,505	$2,297	$3,100	$2,495
Bronzeville, Chicago, IL	$995	$1,700	$2,373	$2,625
Bucktown, Chicago, IL	$2,191	$2,629	$3,550	$2,641
Tri-Taylor, Chicago, IL	$2,205	$2,515	$3,059	$2,673
Lincoln Park, Chicago, IL	$1,850	$2,741	$4,152	$2,737
South Loop, Chicago, IL	$2,268	$2,658	$3,519	$2,850
The Loop, Chicago, IL	$2,398	$2,870	$4,050	$2,864
Wicker Park, Chicago, IL	$2,400	$2,880	$3,200	$2,915
Near West Side, Chicago, IL	$2,332	$2,868	$3,809	$2,935
Goose Island, Chicago, IL	$2,075	$3,052	$4,545	$3,025
Near North Side, Chicago, IL	$2,380	$2,889	$4,178	$3,035
West Loop, Chicago, IL	$2,361	$3,025	$4,142	$3,074
West Town, Chicago, IL	$2,517	$2,978	$4,268	$3,175
DePaul, Chicago, IL	$2,195	$2,650	$3,750	$3,952

Top Counties Near Morgan Park

There are a total of 28 counties located by Morgan Park, Chicago, IL. Some of these counties include Worth, IL, Proviso, IL, and Leyden, IL. The average rent for rentals in these counties is $2,398. That's roughly around $23 per sqft. The county that is the most affordable is Worth, IL. Its average rent per month is $1,800. Vice versa, with an average rent of $3,200, Vernon, IL is the most expensive county by Morgan Park, Chicago, IL.

In comparison, rent for one bedroom listings in Morgan Park, Chicago, IL is 13.79% more affordable than other counties nearby. Finally, rent for two bedrooms in Morgan Park, Chicago, IL is 39.34% more affordable than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Worth, IL	$1,350	$1,450	$1,675	$1,800
Proviso, IL	$1,195	$1,425	$1,800	$1,875
Leyden, IL	N/A	$1,488	$1,895	$1,898
Oak Park, IL	$1,929	$2,419	$2,150	$2,119
Lisle, IL	N/A	$1,650	$1,950	$2,145
Thornton, IL	$1,250	$1,200	$1,613	$2,175
Lyons, IL	$1,650	$1,500	$1,825	$2,300
Downers Grove, IL	N/A	$1,600	$2,025	$2,300
York, IL	N/A	$1,650	$2,000	$2,375
Chicago, IL	$2,140	$2,576	$3,048	$2,575

Top Zipcodes Near Morgan Park

There are a total of 36 zipcodes in or near Morgan Park, Chicago, IL. The average rent for all of these zipcodes is $2,357.

Studios in these zipcodes have an average rent of $1,535. That's at least $40 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Morgan Park, Chicago, IL is $1,821 per month. Or in other words, $34 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,440 per month. Which comes out to $28 per sqft. The following table includes the top 10 zipcodes in Morgan Park, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60619, Chicago, IL	N/A	$1,100	$1,550	$1,700
60617, Chicago, IL	$973	$1,300	$1,463	$1,600
60649, Chicago, IL	$995	$1,200	$1,450	$1,575
60637, Chicago, IL	$1,125	$1,565	$1,625	$1,850
60615, Chicago, IL	$1,125	$1,498	$1,925	$2,268
60653, Chicago, IL	$995	$1,700	$2,390	$2,585
60608, Chicago, IL	$1,998	$1,498	$2,000	$2,045
60616, Chicago, IL	$1,744	$2,425	$3,037	$2,665
60623, Chicago, IL	N/A	$1,375	$1,600	$1,700
60605, Chicago, IL	$2,293	$2,728	$3,699	$2,851

Frequently Asked Questions - Morgan Park Average Rents

What is the average rent price in Morgan Park, Chicago, IL?

The average monthly rental price for Morgan Park, Chicago, IL apartments for rent is approximately $1,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Morgan Park, 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 Morgan Park, Chicago, IL.

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

The average monthly rental price for one bedroom apartments is $1,450 and an average price per square feet of $23.20. There are a total of 1 one bedroom apartment listings currently available for rent in Morgan Park.

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

The average monthly rental price for two bedroom apartments is $1,525 and an average price per square feet of $23.63. There are a total of 3 two bedroom apartment listings currently available for rent in Morgan Park.

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

Rent prices for rentals in Morgan Park, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by -0.01%, two bedroom rental prices have changed by -0.26%, three bedroom rental prices have changed by -0.19% year-over-year.

What is a reasonable rent price in Morgan Park, Chicago, IL?

A reasonable rent price in Morgan Park, Chicago, IL is around $1,200/month. You can search for these reasonably priced rental listings on RentHop.