Average Rent in Ravenswood, Chicago, IL

Current Versus Historical Ravenswood, Chicago, IL Rents

Ravenswood rentals average $1,220 for a studio rental to $4,400 for a 4-bedroom rental. The median price of all currently available listings is $1,738, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $63 (5.14%) year-over-year from $1,232 to $1,295. 1-bedroom rentals prices have increased by $216 (14.09%) year-over-year from $1,532 to $1,748. 2-bedroom rentals prices have increased by $243 (10.64%) year-over-year from $2,280 to $2,523. 3-bedroom rentals prices have decreased by $283 (-10.00%) year-over-year from $2,833 to $2,550. 4-bedroom rentals prices have increased by $1,385 (45.96%) year-over-year from $3,015 to $4,400. 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 1.20% this month. 1-bedroom rents have gone up by 8.01% this month. 2-bedroom rents have gone up by 14.75% this month. 3-bedroom rents have gone down by 10.42% this month. 4-bedroom rents have gone up by 4.76% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.14	$1,295	$1,232 (5.14%)	$1,015 (27.57%)
1 BR	$2.31	$1,748	$1,532 (14.09%)	$1,273 (37.24%)
2 BR	$2.52	$2,523	$2,280 (10.64%)	$1,792 (40.79%)
3 BR	$2.16	$2,550	$2,833 (-10.00%)	$2,113 (20.66%)
4+ BR	$2.14	$4,400	$3,015 (45.96%)	$2,999 (46.71%)

Historical Rents in Ravenswood, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Ravenswood

There are a total of 6 cities nearby Ravenswood. The average rent in Ravenswood is currently $2,229 per month. Our records show that Chicago, IL, with an average rent of $2,100, 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 $2,790 per month.

Let's compare Ravenswood, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 7.66% more affordable. Two bedrooms in Ravenswood, Chicago, IL are about 14.62% more expensive. Finally, rent for three bedrooms are about 1.70% more affordable. Want more information? Check out the top 6 cities near Ravenswood, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,350	$1,760	$2,300	$2,100
Schaumburg, IL	N/A	$1,995	$2,414	$2,195
Evanston, IL	$1,043	$1,685	$2,200	$2,200
Wheaton, IL	N/A	$1,923	$2,310	$2,257
Aurora, IL	N/A	$1,300	$2,100	$2,295
Naperville, IL	N/A	$1,650	$2,225	$2,790

Top Neighborhoods Near Ravenswood

There are a total of 12 neighborhoods in or near Ravenswood. Some of these neighborhoods include Edgewater, Rogers Park, and Uptown. We've included all of these top 12 neighborhoods in or near Ravenswood, Chicago, IL in the following chart.

The average rent for these 12 neighborhoods in or near Ravenswood, Chicago, IL is currently around $2,119 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $2,119. Interestingly, the neighborhoods' average rent is higher than Ravenswood's average rent, which is only $1,738. Out of all the neighborhoods in or near Ravenswood, Edgewater has the most affordable average rent at $1,575 per month. Whereas, at $3,000 average rent per month, Near North Side is the most expensive neighborhood in or near Ravenswood. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Edgewater, Chicago, IL	$1,120	$1,550	$2,085	$1,575
Rogers Park, Chicago, IL	$1,095	$1,350	$1,833	$1,600
Uptown, Chicago, IL	$1,150	$1,600	$2,598	$1,650
West Rogers Park, Chicago, IL	$1,200	$1,350	$1,800	$1,800
Logan Square, Chicago, IL	$1,350	$1,870	$2,045	$2,050
Lincoln Park, Chicago, IL	$1,450	$1,900	$3,100	$2,095
Lakeview, Chicago, IL	$1,495	$1,900	$2,600	$2,143
Hyde Park, Chicago, IL	$1,275	$1,650	$1,875	$2,267
DePaul, Chicago, IL	$1,670	$2,295	$2,850	$2,395
The Loop, Chicago, IL	$1,825	$2,500	$3,200	$2,700
South Loop, Chicago, IL	N/A	$2,200	$3,000	$2,800
Near North Side, Chicago, IL	$1,775	$2,400	$3,684	$3,000

Top Counties Near Ravenswood

There are a total of 12 counties located by Ravenswood, Chicago, IL. Some of these counties include Chicago, IL, Schaumburg, IL, and Evanston, IL. The average rent for rentals in these counties is $2,200. That's roughly around $2 per sqft. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,100. Vice versa, with an average rent of $2,623, Naperville, IL is the most expensive county by Ravenswood, Chicago, IL.

In comparison, rent for one bedroom listings in Ravenswood, Chicago, IL is 12.13% more affordable than other counties nearby. Finally, rent for two bedrooms in Ravenswood, Chicago, IL is 14.75% 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	$1,760	$2,300	$2,100
Schaumburg, IL	N/A	$1,995	$2,434	$2,150
Evanston, IL	$1,043	$1,685	$2,200	$2,200
Downers Grove, IL	N/A	$1,828	$2,218	$2,200
Milton, IL	N/A	$1,900	$2,300	$2,257
Naperville, IL	N/A	$1,663	$2,198	$2,623

Top Zipcodes Near Ravenswood

There are a total of 21 zipcodes in or near Ravenswood, Chicago, IL. The average rent for all of these zipcodes is $2,105. A total of 5 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 $1,200. 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 Ravenswood, Chicago, IL is $1,893 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,448 per month. Which comes out to $2 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	$1,100	$1,550	$2,095	$1,675
60640, Chicago, IL	$1,126	$1,600	$2,448	$1,600
60660, Chicago, IL	$1,120	$1,500	$1,950	$1,575
60618, Chicago, IL	$1,200	$1,495	$1,900	$2,000
60613, Chicago, IL	$1,450	$1,750	$2,558	$2,198
60657, Chicago, IL	$1,495	$1,900	$2,700	$2,095
60645, Chicago, IL	$1,200	$1,350	$1,900	$1,800
60626, Chicago, IL	$1,098	$1,350	$1,833	$1,600
60614, Chicago, IL	$1,525	$2,223	$3,190	$2,395
60647, Chicago, IL	$1,350	$1,893	$2,150	$2,150

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 $1,738. 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 $1,220 and an average price per square feet of $2.14. There are a total of 15 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 $1,600 and an average price per square feet of $2.31. There are a total of 36 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 $2,650 and an average price per square feet of $2.52. There are a total of 21 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 0.05%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.11%, and three bedroom rental prices have changed by -0.10% year-over-year.

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

A reasonable rent price in Ravenswood, Chicago, IL is around $1,390/month. You can search for these reasonably priced rental listings on RentHop.