Average Rent in Sheffield, Chicago, IL

Current Versus Historical Sheffield, Chicago, IL Rents

Sheffield rentals average $1,795 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $2,385, or roughly $4 per square feet.

For the apartment units and housing in June 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $491 (37.64%) year-over-year from $1,304 to $1,795. 1-bedroom rentals prices have increased by $283 (12.81%) year-over-year from $2,212 to $2,495. 2-bedroom rentals prices have decreased by $755 (-20.13%) year-over-year from $3,750 to $2,995. 3-bedroom rentals prices have increased by $708 (22.91%) year-over-year from $3,092 to $3,800. 4-bedroom rentals prices have increased by $10,260 (216.46%) year-over-year from $4,740 to $15,000. 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 1.94% this month. 1-bedroom rents have gone up by 5.24% this month. 2-bedroom rents have gone down by 21.13% this month. 3-bedroom rents have gone down by 12.44% this month. 4-bedroom rents have gone up by 30.08% this month.

Beds	Price / Sqft	Jun 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.91	$1,795	$1,304 (37.64%)	$1,335 (34.46%)
1 BR	$3.28	$2,495	$2,212 (12.81%)	$1,727 (44.50%)
3 BR	$2.13	$3,800	$3,092 (22.91%)	$2,887 (31.64%)

Historical Rents in Sheffield, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Sheffield

There are a total of 5 cities nearby Sheffield. The average rent in Sheffield is currently $2,255 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Schaumburg, IL, with an average rent of $2,105, is the most affordable city nearby. In contrast, the most expensive city near Sheffield, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,800 per month.

Let's compare Sheffield, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 14.10% more expensive. Two bedrooms in Sheffield, Chicago, IL are about inf% more affordable. Finally, rent for three bedrooms are about 37.32% more expensive. Want more information? Check out the top 5 cities near Sheffield, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$1,995	$2,465	$2,105
Chicago, IL	$1,495	$1,950	$2,497	$2,200
Wheaton, IL	N/A	$1,983	$2,349	$2,255
Aurora, IL	N/A	N/A	$2,100	$2,300
Naperville, IL	N/A	$1,575	$2,200	$2,800

Top Neighborhoods Near Sheffield

There are a total of 8 neighborhoods in or near Sheffield. Some of these neighborhoods include Rogers Park, Uptown, and Logan Square. We've included all of these top 8 neighborhoods in or near Sheffield, Chicago, IL in the following chart.

The average rent for these 8 neighborhoods in or near Sheffield, Chicago, IL is currently around $2,375 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $2,375. Out of all the neighborhoods in or near Sheffield, Rogers Park has the most affordable average rent at $1,400 per month. Whereas, at $2,950 average rent per month, Near North Side is the most expensive neighborhood in or near Sheffield. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Rogers Park, Chicago, IL	$1,100	$1,300	$1,750	$1,400
Uptown, Chicago, IL	$1,325	$1,554	$2,210	$1,582
Logan Square, Chicago, IL	$1,595	$1,950	$2,000	$2,095
Lakeview, Chicago, IL	$1,573	$2,045	$2,718	$2,250
Hyde Park, Chicago, IL	$1,295	$1,550	$1,999	$2,499
The Loop, Chicago, IL	$1,950	$2,395	$3,471	$2,800
South Loop, Chicago, IL	$1,923	$2,213	$3,000	$2,859
Near North Side, Chicago, IL	$1,825	$2,300	$3,750	$2,950

Top Counties Near Sheffield

There are a total of 8 counties located by Sheffield, Chicago, IL. Some of these counties include Schaumburg, IL, Chicago, IL, and Downers Grove, IL. The average rent for rentals in these counties is $2,250. That's roughly around $2 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Schaumburg, IL. It's average rent per month is $2,195. Vice versa, with an average rent of $2,700, Naperville, IL is the most expensive county by Sheffield, Chicago, IL.

In comparison, rent for one bedroom listings in Sheffield, Chicago, IL is 14.10% more expensive than other counties nearby. Finally, rent for two bedrooms in Sheffield, Chicago, IL is inf% more affordable than other counties nearby. We've listed the top 5 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$1,995	$2,465	$2,195
Chicago, IL	$1,495	$1,950	$2,497	$2,200
Downers Grove, IL	N/A	$1,833	$2,250	$2,250
Milton, IL	N/A	$1,976	$2,348	$2,255
Naperville, IL	N/A	$1,650	$2,275	$2,700

Top Zipcodes Near Sheffield

There are a total of 16 zipcodes in or near Sheffield, Chicago, IL. The average rent for all of these zipcodes is $2,229. A total of 10 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60626, Chicago, IL at $1,375 per month. In comparison, the zipcode with the most expensive average rent of $3,050 per month is 60611, Chicago, IL.

Studios in these zipcodes have an average rent of $1,442. 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 Sheffield, Chicago, IL is $1,979 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,521 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Sheffield, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60614, Chicago, IL	$1,663	$2,350	$3,275	$2,450
60657, Chicago, IL	$1,545	$2,048	$2,750	$2,150
60610, Chicago, IL	$1,688	$2,179	$3,550	$2,700
60647, Chicago, IL	$1,595	$1,950	$2,123	$2,200
60622, Chicago, IL	N/A	$1,975	$2,463	$2,750
60613, Chicago, IL	$1,475	$1,800	$2,645	$2,298
60618, Chicago, IL	N/A	$1,550	$1,950	$1,975
60611, Chicago, IL	$1,860	$2,350	$3,875	$3,050
60607, Chicago, IL	$1,913	$2,525	$3,100	$3,000
60640, Chicago, IL	$1,408	$1,589	$2,395	$1,600

Frequently Asked Questions - Sheffield Average Rents

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

The average monthly rental price for Sheffield, Chicago, IL apartments for rent is approximately $2,385. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Sheffield, 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 Sheffield, Chicago, IL.

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

The average monthly rental price for studio apartments is $1,795 and an average price per square feet of $4.91. There are a total of 3 studio apartment listings currently available for rent in Sheffield.

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

The average monthly rental price for one bedroom apartments is $2,270 and an average price per square feet of $3.28. There are a total of 6 one bedroom apartment listings currently available for rent in Sheffield.

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

The average monthly rental price for two bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 two bedroom apartment listings currently available for rent in Sheffield.

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

Rent prices for rentals in Sheffield, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.38%, one bedroom rental prices have changed by 0.13%, two bedroom rental prices have changed by -0.20%, and three bedroom rental prices have changed by 0.23% year-over-year.

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

A reasonable rent price in Sheffield, Chicago, IL is around $1,908/month. You can search for these reasonably priced rental listings on RentHop.