Average Rent in Near East Side, Chicago, IL

Current Versus Historical Near East Side, Chicago, IL Rents

Near East Side rentals average $2,593 for a 1-bedroom rental to $7,000 for a 4-bedroom rental. The median price of all currently available listings is $2,950, or roughly $3 per square feet.

For the apartment units and housing in May 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $113 (5.95%) year-over-year from $1,891 to $2,004. 1-bedroom rentals prices have increased by $96 (3.98%) year-over-year from $2,404 to $2,500. 2-bedroom rentals prices have increased by $544 (14.91%) year-over-year from $3,646 to $4,190. 3-bedroom rentals prices have increased by $503 (9.71%) year-over-year from $5,182 to $5,686. 4-bedroom rentals prices have increased by $1,250 (15.63%) year-over-year from $8,000 to $9,250. 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 up by 3.81% this month. 1-bedroom rents have gone up by 3.99% this month. 2-bedroom rents have gone up by 14.27% this month. 3-bedroom rents have gone up by 3.50% this month. 4-bedroom rents have gone down by 1.77% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.70	$2,500	$2,404 (3.98%)	$2,169 (15.28%)
2 BR	$2.81	$4,190	$3,646 (14.91%)	$2,906 (44.17%)
3 BR	$3.92	$5,686	$5,182 (9.71%)	$4,970 (14.41%)
4+ BR	$3.27	$9,250	$8,000 (15.63%)	$9,411 (-1.71%)

Historical Rents in Near East Side, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Near East Side

There are a total of 6 cities nearby Near East Side. The average rent in Near East Side is currently $2,226 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Chicago, IL, with an average rent of $2,097, is the most affordable city nearby. In contrast, the most expensive city near Near East Side, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,770 per month.

Let's compare Near East Side, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 33.57% more expensive. Two bedrooms in Near East Side, Chicago, IL are about 35.57% more expensive. Finally, rent for three bedrooms are about 54.93% more expensive. Want more information? Check out the top 6 cities near Near East Side, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,300	$1,745	$2,350	$2,097
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	$2,770

Top Neighborhoods Near Near East Side

There are a total of 15 neighborhoods in or near Near East Side. Some of these neighborhoods include Edgewater, Rogers Park, and Albany Park. We've included all of these top 15 neighborhoods in or near Near East Side, Chicago, IL in the following chart.

The average rent for these 15 neighborhoods in or near Near East Side, Chicago, IL is currently around $2,000 per month. A total of 14 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near Near East Side, 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 Near East Side. 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
Uptown, Chicago, IL	$1,150	$1,625	$2,600	$1,695
West Rogers Park, Chicago, IL	$1,200	$1,350	$1,800	$1,695
Ravenswood, Chicago, IL	$1,220	$1,623	$2,650	$1,775
Logan Square, Chicago, IL	$1,250	$1,795	$2,000	$1,950
Humboldt Park, Chicago, IL	$2,100	$1,450	$1,825	$2,000
Lakeview, Chicago, IL	$1,463	$1,934	$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	$2,299
DePaul, Chicago, IL	$1,670	$2,295	$2,400	$2,395
The Loop, Chicago, IL	N/A	$2,500	$3,325	$2,700
South Loop, Chicago, IL	N/A	$2,248	$3,000	$2,900
Near North Side, Chicago, IL	$1,775	$2,399	$3,600	$3,000

Top Counties Near Near East Side

There are a total of 15 counties located by Near East Side, Chicago, IL. Some of these counties include Chicago, IL, Schaumburg, IL, and Evanston, IL. The average rent for rentals in these counties is $2,169. That's roughly around $2 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,097. Vice versa, with an average rent of $2,500, Naperville, IL is the most expensive county by Near East Side, Chicago, IL.

In comparison, rent for one bedroom listings in Near East Side, Chicago, IL is 31.22% more expensive than other counties nearby. Finally, rent for two bedrooms in Near East Side, Chicago, IL is 35.94% more expensive 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	$2,350	$2,097
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	$2,209	$2,193
Milton, IL	N/A	$1,900	$2,275	$2,257
Naperville, IL	N/A	$1,663	$2,198	$2,500

Top Zipcodes Near Near East Side

There are a total of 21 zipcodes in or near Near East Side, Chicago, IL. The average rent for all of these zipcodes is $2,095. A total of 19 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 Near East Side, Chicago, IL is $1,848 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 Near East Side, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60611, Chicago, IL	$1,835	$2,500	$3,667	$3,500
60605, Chicago, IL	N/A	$2,300	$3,014	$2,782
60610, Chicago, IL	$1,763	$2,300	$3,600	$2,713
60607, Chicago, IL	$1,594	$2,350	$3,275	$3,048
60642, Chicago, IL	$1,929	$2,300	$2,800	$2,603
60614, Chicago, IL	$1,630	$2,200	$2,958	$2,393
60622, Chicago, IL	$1,890	$2,100	$2,495	$2,500
60608, Chicago, IL	N/A	$1,450	$1,850	$2,000
60657, Chicago, IL	$1,475	$1,940	$2,650	$2,095
60647, Chicago, IL	$1,250	$1,848	$2,163	$2,075

Frequently Asked Questions - Near East Side Average Rents

What is the average rent price in Near East Side, Chicago, IL?

The average monthly rental price for Near East Side, Chicago, IL apartments for rent is approximately $2,950. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Near East Side, 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 Near East Side, Chicago, IL.

How much is a studio apartment in Near East Side, Chicago, IL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Near East Side.

How much is a one bedroom apartment in Near East Side, Chicago, IL?

The average monthly rental price for one bedroom apartments is $2,593 and an average price per square feet of $3.70. There are a total of 10 one bedroom apartment listings currently available for rent in Near East Side.

How much is a two bedroom apartment in Near East Side, Chicago, IL?

The average monthly rental price for two bedroom apartments is $3,500 and an average price per square feet of $2.81. There are a total of 6 two bedroom apartment listings currently available for rent in Near East Side.

How have rent prices in Near East Side, Chicago, IL changed this year?

Rent prices for rentals in Near East Side, 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 0.15%, and three bedroom rental prices have changed by 0.10% year-over-year.

What is a reasonable rent price in Near East Side, Chicago, IL?

A reasonable rent price in Near East Side, Chicago, IL is around $2,360/month. You can search for these reasonably priced rental listings on RentHop.