Average Rent in Ravenswood, Chicago, IL

Current Versus Historical Ravenswood, Chicago, IL Rents

Ravenswood rentals average $1,250 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,550, or roughly $32 per square feet.

For the apartment units and housing in May 2023, median rents have risen substantially over the last year. Studio rentals prices have increased by $136 (12.19%) year-over-year from $1,114 to $1,250. 1-bedroom rentals prices have increased by $188 (13.83%) year-over-year from $1,362 to $1,550. 2-bedroom rentals prices have increased by $649 (35.13%) year-over-year from $1,846 to $2,495. 3-bedroom rentals prices have increased by $209 (8.06%) year-over-year from $2,591 to $2,800. 4-bedroom rentals prices have decreased by $222 (-7.34%) year-over-year from $3,022 to $2,800. 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 5.93% this month. 1-bedroom rents have gone up by 3.45% this month. 2-bedroom rents have gone up by 18.06% this month. 3-bedroom rents have gone up by 8.02% this month. 4-bedroom rents have gone down by 11.64% this month.

Beds	Price / Sqft	May 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$36	$1,250	$1,114 (12.19%)	$1,013 (23.42%)
1 BR	$28	$1,550	$1,362 (13.83%)	$1,380 (12.32%)
2 BR	$40	$2,495	$1,846 (35.13%)	$1,741 (43.34%)
3 BR	$30	$2,800	$2,591 (8.06%)	$2,364 (18.44%)

Historical Rents in Ravenswood, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Ravenswood

There are a total of 8 cities nearby Ravenswood. The average rent in Ravenswood is currently $1,950 per month. Only one city nearby has an average rent lower than that. Our records show that Oak Park, IL, with an average rent of $1,399, is the most affordable city nearby. In contrast, the most expensive city near Ravenswood, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,650 per month.

Let's compare Ravenswood, Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Ravenswood, Chicago, IL is 16.30% more expensive than other cities nearby. One bedrooms are about 3.37% more expensive. Two bedrooms in Ravenswood, Chicago, IL are about 22.97% more expensive. Finally, rent for three bedrooms are about 18.56% more expensive. Want more information? Check out the top 8 cities near Ravenswood, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Oak Park, IL	$1,098	$1,260	$1,660	$1,399
Chicago, IL	$1,295	$1,695	$1,900	$1,750
Evanston, IL	$1,125	$1,595	$2,200	$1,900
Wheaton, IL	$1,150	$1,775	$2,188	$1,905
Schaumburg, IL	N/A	$1,914	$2,000	$1,995
Joliet, IL	N/A	$788	$2,045	$2,045
Aurora, IL	$995	$1,118	$2,073	$2,150
Naperville, IL	N/A	$1,488	$2,175	$2,650

Top Neighborhoods Near Ravenswood

There are a total of 21 neighborhoods in or near Ravenswood. Some of these neighborhoods include Chatham, Gresham, and South Shore. We've included all of these top 21 neighborhoods in or near Ravenswood, Chicago, IL in the following chart.

The average rent for these 21 neighborhoods in or near Ravenswood, Chicago, IL is currently around $1,800 per month. A total of 7 neighborhoods have a lower average rent. Meaning, only fourteen neighborhoods have a higher average rent than $1,800. Interestingly, the neighborhoods' average rent is higher than Ravenswood's average rent, which is only $1,550. Out of all the neighborhoods in or near Ravenswood, Chatham has the most affordable average rent at $915 per month. Whereas, at $2,975 average rent per month, The Loop is the most expensive neighborhood in or near Ravenswood. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Chatham, Chicago, IL	$713	$865	$970	$915
Gresham, Chicago, IL	$775	$895	$1,020	$1,020
South Shore, Chicago, IL	$825	$935	$1,200	$1,070
Austin, Chicago, IL	$890	$1,015	$1,195	$1,153
Lawndale, Chicago, IL	$785	$1,000	$1,220	$1,300
Rogers Park, Chicago, IL	$1,025	$1,273	$1,800	$1,400
Edgewater, Chicago, IL	$1,050	$1,475	$1,975	$1,513
Logan Square, Chicago, IL	$1,150	$1,595	$2,095	$1,595
Uptown, Chicago, IL	$1,150	$1,600	$2,423	$1,600
Lincoln Park, Chicago, IL	$1,595	$2,040	$3,050	$1,700
Humboldt Park, Chicago, IL	N/A	$1,295	$1,695	$1,800
Pilsen, Chicago, IL	$1,688	$1,538	$1,700	$1,800
Lakeview, Chicago, IL	$1,295	$1,950	$2,595	$1,945
Bronzeville, Chicago, IL	$1,000	$1,375	$2,000	$2,000
University Village - Little Italy, Chicago, IL	$1,477	$1,750	$2,100	$2,263
DePaul, Chicago, IL	$1,138	$1,995	$2,315	$2,295
Hyde Park, Chicago, IL	$1,225	$1,538	$1,900	$2,500
South Loop, Chicago, IL	$1,667	$2,100	$3,000	$2,530
West Town, Chicago, IL	N/A	$1,975	$3,043	$2,700
Near North Side, Chicago, IL	$1,880	$2,450	$3,655	$2,750
The Loop, Chicago, IL	$1,989	$2,200	$3,536	$2,975

Top Counties Near Ravenswood

There are a total of 21 counties located by Ravenswood, Chicago, IL. Some of these counties include North, IN, Thornton, IL, and Proviso, IL. The average rent for rentals in these counties is $1,813. That's roughly around $24 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is North, IN. It's average rent per month is $875. Vice versa, with an average rent of $2,300, Naperville, IL is the most expensive county by Ravenswood, Chicago, IL.

Typically, rent for studios in Ravenswood, Chicago, IL is 11.10% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Ravenswood, Chicago, IL is 10.50% more expensive than other counties nearby. Finally, rent for two bedrooms in Ravenswood, Chicago, IL is 27.03% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
North, IN	$388	$775	$1,095	$875
Thornton, IL	$858	$925	$1,250	$1,200
Proviso, IL	$1,150	$1,125	$1,625	$1,275
Oak Park, IL	$1,098	$1,260	$1,660	$1,399
Chicago, IL	$1,295	$1,695	$1,900	$1,750
Milton, IL	$1,150	$1,760	$2,173	$1,875
Evanston, IL	$1,125	$1,595	$2,200	$1,900
Downers Grove, IL	$1,295	$1,617	$2,100	$1,965
Schaumburg, IL	N/A	$1,890	$2,000	$1,965
Naperville, IL	N/A	N/A	$2,100	$2,300

Top Zipcodes Near Ravenswood

There are a total of 34 zipcodes in or near Ravenswood, Chicago, IL. The average rent for all of these zipcodes is $1,821. A total of 12 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60619, Chicago, IL at $995 per month. In comparison, the zipcode with the most expensive average rent of $3,425 per month is 60601, Chicago, IL.

Studios in these zipcodes have an average rent of $1,153. That's at least $32 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Ravenswood, Chicago, IL is $1,548 per month. Or in other words, $28 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,058 per month. Which comes out to $26 per sqft. The following chart includes the top 10 zipcodes in Ravenswood, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60625, Chicago, IL	$1,295	$1,595	$1,995	$1,595
60640, Chicago, IL	$1,125	$1,600	$2,100	$1,450
60660, Chicago, IL	$1,225	$1,425	$2,050	$1,600
60618, Chicago, IL	$1,193	$1,495	$2,100	$1,950
60613, Chicago, IL	$1,323	$1,900	$2,595	$2,200
60657, Chicago, IL	$1,295	$1,945	$2,595	$1,845
60626, Chicago, IL	$1,025	$1,325	$1,800	$1,463
60614, Chicago, IL	$1,550	$2,043	$2,798	$1,995
60647, Chicago, IL	$1,162	$1,650	$2,150	$1,613
60641, Chicago, IL	$1,150	$1,275	$1,550	$1,500

Frequently Asked Questions - Ravenswood Average Rents

What is the average rent price in Ravenswood, Chicago, IL?

The average monthly rental price for Ravenswood, Chicago, IL apartments for rent is approximately $1,550. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Ravenswood, 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 Ravenswood, Chicago, IL.

How much is a studio apartment in Ravenswood, Chicago, IL?

The average monthly rental price for studio apartments is $1,250 and an average price per square feet of $35.71. There are a total of 64 studio apartment listings currently available for rent in Ravenswood.

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

The average monthly rental price for one bedroom apartments is $1,595 and an average price per square feet of $27.88. There are a total of 57 one bedroom apartment listings currently available for rent in Ravenswood.

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

The average monthly rental price for two bedroom apartments is $2,673 and an average price per square feet of $39.96. There are a total of 24 two bedroom apartment listings currently available for rent in Ravenswood.

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

Rent prices for rentals in Ravenswood, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.12%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.35%, and three bedroom rental prices have changed by 0.08% year-over-year.

What is a reasonable rent price in Ravenswood, Chicago, IL?

A reasonable rent price in Ravenswood, Chicago, IL is around $1,240/month. You can search for these reasonably priced rental listings on RentHop.