Average Rent in Near North Side, Chicago, IL

Current Versus Historical Near North Side, Chicago, IL Rents

Near North Side rentals average $1,865 for a studio rental to $10,450 for a 4-bedroom rental. The median price of all currently available listings is $2,536, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $111 (6.38%) year-over-year from $1,739 to $1,850. 1-bedroom rentals prices have decreased by $88 (-3.70%) year-over-year from $2,388 to $2,300. 2-bedroom rentals prices have decreased by $182 (-4.94%) year-over-year from $3,682 to $3,500. 3-bedroom rentals prices have decreased by $224 (-3.59%) year-over-year from $6,224 to $6,000. 4-bedroom rentals prices have decreased by $400 (-4.32%) year-over-year from $9,250 to $8,850. 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 3.99% this month. 1-bedroom rents have gone up by 1.78% this month. 2-bedroom rents have gone up by 0.81% this month. 3-bedroom rents have gone down by 1.36% this month. 4-bedroom rents have gone down by 26.96% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.43	$1,850	$1,739 (6.38%)	$1,589 (16.43%)
1 BR	$3.00	$2,300	$2,388 (-3.70%)	$2,046 (12.44%)
2 BR	$2.93	$3,500	$3,682 (-4.94%)	$3,002 (16.58%)
3 BR	$3.42	$6,000	$6,224 (-3.59%)	$4,674 (28.37%)
4+ BR	$2.40	$8,850	$9,250 (-4.32%)	$9,347 (-5.31%)

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 $2,105 per month. A total of 4 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 $2,850 per month.

Let's compare Near North Side, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 25.43% more expensive. Two bedrooms in Near North Side, Chicago, IL are about 34.50% more expensive. Finally, rent for three bedrooms are about 58.70% 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	$1,350	$1,753	$2,293	$2,000
Evanston, IL	$1,185	$1,668	$2,155	$2,000
Schaumburg, IL	N/A	$1,995	$2,375	$2,105
Wheaton, IL	N/A	$1,865	$2,320	$2,310
Naperville, IL	N/A	$1,650	$2,273	$2,850

Top Neighborhoods Near Near North Side

There are a total of 14 neighborhoods in or near Near North Side. Some of these neighborhoods include Edgewater, Ravenswood, and Rogers Park. We've included all of these top 14 neighborhoods in or near Near North Side, Chicago, IL in the following chart.

The average rent for these 14 neighborhoods in or near Near North Side, Chicago, IL is currently around $1,888 per month. A total of 13 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 $2,800 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
Edgewater, Chicago, IL	$1,120	$1,550	$2,085	$1,550
Ravenswood, Chicago, IL	$1,220	$1,550	$2,550	$1,600
Rogers Park, Chicago, IL	$1,085	$1,358	$1,850	$1,600
Uptown, Chicago, IL	$1,100	$1,600	$2,335	$1,648
West Rogers Park, Chicago, IL	$1,200	$1,350	$1,800	$1,695
Albany Park, Chicago, IL	$1,048	$1,435	$1,800	$1,710
Lincoln Park, Chicago, IL	$1,385	$1,900	$2,890	$1,800
Humboldt Park, Chicago, IL	N/A	$1,788	$1,825	$1,975
Logan Square, Chicago, IL	$1,250	$1,795	$2,048	$1,998
Lakeview, Chicago, IL	$1,350	$1,863	$2,590	$2,094
Hyde Park, Chicago, IL	$1,250	$1,673	$2,000	$2,200
DePaul, Chicago, IL	$1,595	$2,245	$2,400	$2,338
Bucktown, Chicago, IL	$1,550	$2,275	$2,393	$2,500
South Loop, Chicago, IL	$1,700	$2,250	$3,000	$2,800

Top Counties Near Near North Side

There are a total of 14 counties located by Near North Side, Chicago, IL. Some of these counties include Chicago, IL, Evanston, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,110. That's roughly around $2 per sqft. A total of 5 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 $2,700, Naperville, IL is the most expensive county by Near North Side, Chicago, IL.

Typically, rent for studios in Near North Side, Chicago, IL is 68.23% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Near North Side, Chicago, IL is 23.88% more expensive than other counties nearby. Finally, rent for two bedrooms in Near North Side, Chicago, IL is 35.69% 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	$1,350	$1,753	$2,293	$2,000
Evanston, IL	$1,185	$1,668	$2,155	$2,000
Schaumburg, IL	$1,195	$1,985	$2,414	$2,095
Downers Grove, IL	N/A	$1,825	$2,209	$2,125
Milton, IL	N/A	$1,865	$2,310	$2,300
Naperville, IL	N/A	$1,663	$2,150	$2,700

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 $2,060. A total of 17 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60640, Chicago, IL at $1,550 per month. In comparison, the zipcode with the most expensive average rent of $2,675 per month is 60642, Chicago, IL.

Studios in these zipcodes have an average rent of $1,237. 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 $1,794 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,368 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	$1,868	$2,300	$3,500	$2,600
60654, Chicago, IL	$1,940	$2,455	$3,500	$2,500
60611, Chicago, IL	$1,800	$2,298	$3,629	$2,600
60642, Chicago, IL	$1,929	$2,225	$2,725	$2,675
60614, Chicago, IL	$1,598	$2,290	$2,895	$2,295
60622, Chicago, IL	$1,893	$2,100	$2,463	$2,395
60657, Chicago, IL	$1,345	$1,900	$2,600	$2,077
60647, Chicago, IL	$1,250	$1,890	$2,150	$2,100
60613, Chicago, IL	$1,325	$1,698	$2,593	$1,948
60608, Chicago, IL	N/A	$1,475	$1,850	$2,000

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 $2,536. 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 $1,865 and an average price per square feet of $3.43. There are a total of 87 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 $2,350 and an average price per square feet of $3.00. There are a total of 161 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 $3,500 and an average price per square feet of $2.93. There are a total of 115 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 0.06%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by -0.05%, and three bedroom rental prices have changed by -0.04% 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 $2,029/month. You can search for these reasonably priced rental listings on RentHop.