Average Rent in Near North Side, Chicago, IL

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Current Versus Historical Near North Side, Chicago, IL Rents

Near North Side rentals average $1,860 for a studio rental to $12,500 for a 4-bedroom rental. The median price of all currently available listings is $2,622, or roughly $3 per square feet.
For the apartment units and housing in March 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $68 (-3.94%) year-over-year from $1,713 to $1,645. 1-bedroom rentals prices have decreased by $10 (-0.43%) year-over-year from $2,252 to $2,242. 2-bedroom rentals prices have increased by $65 (1.89%) year-over-year from $3,435 to $3,500. 3-bedroom rentals prices have increased by $620 (10.99%) year-over-year from $5,640 to $6,260. 4-bedroom rentals prices have increased by $3,683 (43.00%) year-over-year from $8,567 to $12,250. 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 3.75% this month. 1-bedroom rents have gone up by 0.70% this month. 2-bedroom rents have gone up by 1.38% this month. 3-bedroom rents have gone up by 2.58% this month. 4-bedroom rents have gone down by 3.51% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.48 $1,645 $1,713 (-3.94%) $1,627 (1.09%)
1 BR $3.01 $2,242 $2,252 (-0.43%) $2,065 (8.57%)
2 BR $3.00 $3,500 $3,435 (1.89%) $3,039 (15.18%)
3 BR $3.42 $6,260 $5,640 (10.99%) $4,727 (32.43%)
4+ BR $2.23 $12,250 $8,567 (43.00%) $10,098 (21.32%)

Historical Rents in Near North Side, Chicago, IL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Near North Side

There are a total of 5 cities nearby Near North Side. The average rent in Near North Side is currently $2,125 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Chicago, IL, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near Near North Side, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,525 per month.

Let's compare Near North Side, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 28.57% more expensive. Two bedrooms in Near North Side, Chicago, IL are about 34.84% more expensive. Finally, rent for three bedrooms are about 55.77% more expensive. Want more information? Check out the top 5 cities near Near North Side, Chicago, IL in the following chart.
City Studio 1 Bed 2 Bed All
Chicago, IL $1,280 $1,750 $2,300 $2,000
Schaumburg, IL N/A $1,995 $2,515 $2,043
Evanston, IL $1,195 $1,650 $2,200 $2,125
Wheaton, IL N/A $1,840 $2,350 $2,195
Naperville, IL N/A $1,675 $2,250 $2,525

Top Neighborhoods Near Near North Side

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

The average rent for these 13 neighborhoods in or near Near North Side, Chicago, IL is currently around $1,975 per month. A total of 12 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 North Side, Edgewater has the most affordable average rent at $1,550 per month. Whereas, at $2,705 average rent per month, South Loop is the most expensive neighborhood in or near Near North Side. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Rogers Park, Chicago, IL $1,145 $1,338 $1,850 $1,550
Edgewater, Chicago, IL $1,100 $1,500 $2,275 $1,550
Uptown, Chicago, IL $1,095 $1,600 $2,200 $1,625
Ravenswood, Chicago, IL $1,220 $1,550 $2,550 $1,675
Albany Park, Chicago, IL $1,188 $1,495 $1,700 $1,700
West Rogers Park, Chicago, IL N/A $1,300 $1,700 $1,700
Humboldt Park, Chicago, IL N/A $1,550 $1,895 $1,975
Lincoln Park, Chicago, IL $1,450 $2,000 $3,300 $1,985
Logan Square, Chicago, IL $1,150 $1,793 $2,150 $2,045
Lakeview, Chicago, IL $1,325 $1,845 $2,585 $2,097
DePaul, Chicago, IL $1,545 $1,950 $2,398 $2,395
Bucktown, Chicago, IL $1,800 $2,400 $2,370 $2,500
South Loop, Chicago, IL $1,698 $2,100 $3,000 $2,705

Top Counties Near Near North Side

There are a total of 13 counties located by Near North Side, Chicago, IL. Some of these counties include Chicago, IL, Schaumburg, IL, and Downers Grove, IL. The average rent for rentals in these counties is $2,123. 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 $2,000. Vice versa, with an average rent of $2,600, Naperville, IL is the most expensive county by Near North Side, Chicago, IL.

In comparison, rent for one bedroom listings in Near North Side, Chicago, IL is 27.54% more expensive than other counties nearby. Finally, rent for two bedrooms in Near North Side, Chicago, IL is 34.84% 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 $1,280 $1,750 $2,300 $2,000
Schaumburg, IL N/A $1,988 $2,475 $2,043
Downers Grove, IL N/A $1,801 $2,198 $2,120
Evanston, IL $1,195 $1,650 $2,200 $2,125
Milton, IL N/A $1,840 $2,320 $2,180
Naperville, IL N/A $1,675 $2,300 $2,600

Top Zipcodes Near Near North Side

There are a total of 20 zipcodes in or near Near North Side, Chicago, IL. The average rent for all of these zipcodes is $2,151. A total of 16 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 $1,488 per month. In comparison, the zipcode with the most expensive average rent of $3,000 per month is 60607, Chicago, IL.

Studios in these zipcodes have an average rent of $1,232. 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 North Side, Chicago, IL is $1,824 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,400 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Near North Side, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
60610, Chicago, IL $1,855 $2,284 $3,383 $2,650
60654, Chicago, IL $1,940 $2,500 $3,600 $2,550
60611, Chicago, IL $1,800 $2,400 $3,800 $2,800
60642, Chicago, IL $1,850 $2,201 $2,725 $2,675
60614, Chicago, IL $1,525 $2,300 $2,873 $2,395
60607, Chicago, IL $1,950 $2,490 $3,248 $3,000
60622, Chicago, IL $1,893 $2,098 $2,450 $2,370
60657, Chicago, IL $1,335 $1,927 $2,650 $2,127
60647, Chicago, IL $1,150 $1,795 $2,250 $2,175
60613, Chicago, IL $1,273 $1,743 $2,500 $1,850

Frequently Asked Questions - Near North Side Average Rents

What is the average rent price in Near North Side, Chicago, IL?
The average monthly rental price for Near North Side, Chicago, IL apartments for rent is approximately $2,622. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Near North 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 North Side, Chicago, IL.
How much is a studio apartment in Near North Side, Chicago, IL?
The average monthly rental price for studio apartments is $1,860 and an average price per square feet of $3.48. There are a total of 85 studio apartment listings currently available for rent in Near North Side.
How much is a one bedroom apartment in Near North Side, Chicago, IL?
The average monthly rental price for one bedroom apartments is $2,450 and an average price per square feet of $3.01. There are a total of 160 one bedroom apartment listings currently available for rent in Near North Side.
How much is a two bedroom apartment in Near North Side, Chicago, IL?
The average monthly rental price for two bedroom apartments is $3,530 and an average price per square feet of $3.00. There are a total of 124 two bedroom apartment listings currently available for rent in Near North Side.
How have rent prices in Near North Side, Chicago, IL changed this year?
Rent prices for rentals in Near North Side, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by -0.04%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.11% year-over-year.
What is a reasonable rent price in Near North Side, Chicago, IL?
A reasonable rent price in Near North Side, Chicago, IL is around $2,098/month. You can search for these reasonably priced rental listings on RentHop.
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