Average Rent in Old Town, Chicago, IL

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Current Versus Historical Old Town, Chicago, IL Rents

Old Town rentals average $2,275 for a studio rental to $6,500 for a 4-bedroom rental. The median price of all currently available listings is $2,985, or roughly $44 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 $299 (15.00%) year-over-year from $1,991 to $2,290. 1-bedroom rentals prices have increased by $80 (3.30%) year-over-year from $2,420 to $2,500. 2-bedroom rentals prices have decreased by $215 (-5.35%) year-over-year from $4,011 to $3,796. 3-bedroom rentals prices have increased by $4,203 (97.96%) year-over-year from $4,291 to $8,494. 4-bedroom rentals prices have decreased by $872 (-11.83%) year-over-year from $7,372 to $6,500. 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 up by 6.66% this month. 1-bedroom rents have gone down by 0.77% this month. 2-bedroom rents have gone down by 2.42% this month. 3-bedroom rents have gone up by 31.56% this month. 4-bedroom rents have gone up by 0.65% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$52.60	$2,290	$1,991 (15.00%)	$1,830 (25.11%)
1 BR	$42.66	$2,500	$2,420 (3.30%)	$2,524 (-0.96%)
2 BR	$41.45	$3,796	$4,011 (-5.35%)	$3,616 (4.98%)
3 BR	$47.30	$8,494	$4,291 (97.96%)	$5,530 (53.60%)
4+ BR	$64.36	$6,500	$7,372 (-11.83%)	$7,295 (-10.89%)

Historical Rents in Old Town, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Old Town

There are a total of 12 cities nearby Old Town. The average rent in Old Town is currently $2,425 per month. A total of 12 cities nearby have an average rent lower than that. Our records show that Elgin, IL, with an average rent of $1,925, is the most affordable city nearby. In contrast, the most expensive city near Old Town, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,950 per month.

Let's compare Old Town, Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Old Town, Chicago, IL is 39.01% more expensive than other cities nearby. One bedrooms are about 23.80% more expensive. Two bedrooms in Old Town, Chicago, IL are about 41.45% more expensive. Finally, rent for three bedrooms are about 61.28% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near Old Town, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Oak Park, IL	$1,929	$2,455	$2,175	$2,229
Palatine, IL	$1,300	$1,500	$2,050	$2,250
Skokie, IL	$1,195	$1,925	$2,250	$2,350
Wheaton, IL	$1,425	$1,850	$2,421	$2,375
Schaumburg, IL	N/A	$2,187	$2,300	$2,400
Vernon Hills, IL	$2,004	$2,012	$2,100	$2,450
Evanston, IL	$1,915	$1,913	$2,420	$2,528
Chicago, IL	$2,100	$2,550	$2,999	$2,566
Arlington Heights, IL	$1,200	$1,898	$2,100	$2,613
Naperville, IL	N/A	$1,650	$2,350	$2,950

Top Neighborhoods Near Old Town

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

The average rent for these 30 neighborhoods in or near Old Town, Chicago, IL is currently around $2,410 per month. A total of 25 neighborhoods have a lower average rent. Meaning, only five neighborhoods have a higher average rent than $2,410. Interestingly, the neighborhoods' average rent is less than Old Town's average rent, which is actually $2,985. Out of all the neighborhoods in or near Old Town, South Shore has the most affordable average rent at $1,500 per month. Whereas, at $3,857 average rent per month, DePaul is the most expensive neighborhood in or near Old Town. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$1,098	$1,149	$1,473	$1,500
Edgewater, Chicago, IL	$1,376	$1,600	$2,483	$1,650
Rogers Park, Chicago, IL	$1,325	$1,450	$1,995	$1,765
Portage Park, Chicago, IL	$1,300	$1,450	$1,798	$1,800
Lawndale, Chicago, IL	$1,550	N/A	$1,650	$1,900
West Rogers Park, Chicago, IL	$1,100	$1,495	$1,950	$1,950
Uptown, Chicago, IL	$1,450	$1,938	$2,500	$1,950
Woodlawn, Chicago, IL	N/A	$1,565	$1,900	$1,995
Albany Park, Chicago, IL	$1,275	$1,525	$2,050	$2,000
Pilsen, Chicago, IL	$1,998	$1,500	$2,000	$2,015
Hyde Park, Chicago, IL	$1,095	$1,498	$2,400	$2,023
Jefferson Park, Chicago, IL	$1,300	$1,525	$2,200	$2,150
Humboldt Park, Chicago, IL	$1,500	$1,725	$2,138	$2,250
Ravenswood, Chicago, IL	$1,460	$1,973	$2,745	$2,295
Logan Square, Chicago, IL	$1,685	$2,135	$2,490	$2,350
University Village - Little Italy, Chicago, IL	$1,979	$2,359	$3,072	$2,470
Lakeview, Chicago, IL	$1,505	$2,350	$2,995	$2,495
Bronzeville, Chicago, IL	$995	$1,750	$2,393	$2,600
Tri-Taylor, Chicago, IL	$2,171	$2,451	$3,037	$2,650
Bucktown, Chicago, IL	$2,237	$2,630	$3,825	$2,710
Lincoln Park, Chicago, IL	$1,848	$2,750	$4,000	$2,766
The Loop, Chicago, IL	$2,404	$2,882	$4,057	$2,877
South Loop, Chicago, IL	$2,254	$2,679	$3,500	$2,886
Near West Side, Chicago, IL	$2,332	$2,891	$3,819	$2,950
Wicker Park, Chicago, IL	$2,400	$2,890	$3,200	$2,960
Near North Side, Chicago, IL	$2,359	$2,850	$4,137	$3,019
West Loop, Chicago, IL	$2,350	$2,884	$3,926	$3,025
Goose Island, Chicago, IL	$2,210	$3,052	$4,500	$3,040
West Town, Chicago, IL	$2,596	$2,988	$4,150	$3,195
DePaul, Chicago, IL	$2,262	$2,673	$3,600	$3,857

Top Counties Near Old Town

There are a total of 29 counties located by Old Town, Chicago, IL. Some of these counties include Leyden, IL, Worth, IL, and Proviso, IL. The average rent for rentals in these counties is $2,400. That's roughly around $23 per sqft. A total of 25 counties have a lower average rent. 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 $3,650, New Trier, IL is the most expensive county by Old Town, Chicago, IL.

In comparison, rent for one bedroom listings in Old Town, Chicago, IL is 34.00% more expensive than other counties nearby. Finally, rent for two bedrooms in Old Town, Chicago, IL is 43.42% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Leyden, IL	N/A	$1,395	$1,813	$1,800
Worth, IL	$1,350	$1,425	$1,663	$1,800
Proviso, IL	$1,273	$1,400	$1,800	$1,950
Lyons, IL	$1,650	$1,550	$1,850	$2,150
Oak Park, IL	$1,929	$2,455	$2,175	$2,229
Evanston, IL	$1,915	$1,913	$2,420	$2,528
Chicago, IL	$2,100	$2,550	$2,999	$2,566
Maine, IL	N/A	$1,650	$2,250	$2,600
Niles, IL	$1,195	$2,113	$2,250	$2,750
New Trier, IL	$1,595	$1,895	$3,450	$3,650

Top Zipcodes Near Old Town

There are a total of 39 zipcodes in or near Old Town, Chicago, IL. The average rent for all of these zipcodes is $2,200. A total of 35 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60649, Chicago, IL at $1,500 per month. In comparison, the zipcode with the most expensive average rent of $3,157 per month is 60654, Chicago, IL.

Studios in these zipcodes have an average rent of $1,385. 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 Old Town, Chicago, IL is $1,750 per month. Or in other words, $31 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,250 per month. Which comes out to $27 per sqft. The following table includes the top 10 zipcodes in Old Town, 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	$2,199	$2,711	$4,010	$2,800
60642, Chicago, IL	$2,345	$2,839	$3,513	$3,046
60654, Chicago, IL	$2,427	$2,960	$4,166	$3,157
60611, Chicago, IL	$2,350	$2,810	$4,126	$3,126
60614, Chicago, IL	$1,895	$2,698	$3,950	$2,817
60601, Chicago, IL	$2,368	$2,902	$4,200	$2,905
60661, Chicago, IL	$2,212	$2,750	$3,800	$2,900
60657, Chicago, IL	$1,525	$2,273	$3,048	$2,400
60622, Chicago, IL	$2,400	$2,423	$2,900	$2,900
60607, Chicago, IL	$2,439	$2,921	$3,949	$2,995

Frequently Asked Questions - Old Town Average Rents

What is the average rent price in Old Town, Chicago, IL?

The average monthly rental price for Old Town, Chicago, IL apartments for rent is approximately $2,985. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Old Town, 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 Old Town, Chicago, IL.

How much is a studio apartment in Old Town, Chicago, IL?

The average monthly rental price for studio apartments is $2,275 and an average price per square feet of $52.60. There are a total of 15 studio apartment listings currently available for rent in Old Town.

How much is a one bedroom apartment in Old Town, Chicago, IL?

The average monthly rental price for one bedroom apartments is $2,500 and an average price per square feet of $42.66. There are a total of 71 one bedroom apartment listings currently available for rent in Old Town.

How much is a two bedroom apartment in Old Town, Chicago, IL?

The average monthly rental price for two bedroom apartments is $3,800 and an average price per square feet of $41.45. There are a total of 39 two bedroom apartment listings currently available for rent in Old Town.

How have rent prices in Old Town, Chicago, IL changed this year?

Rent prices for rentals in Old Town, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.15%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by -0.05%, three bedroom rental prices have changed by 0.98% year-over-year.

What is a reasonable rent price in Old Town, Chicago, IL?

A reasonable rent price in Old Town, Chicago, IL is around $2,388/month. You can search for these reasonably priced rental listings on RentHop.