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 $2,220, or roughly $4 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 $598 (49.90%) year-over-year from $1,198 to $1,795. 1-bedroom rentals prices have increased by $7,857 (366.70%) year-over-year from $2,143 to $9,999. 2-bedroom rentals prices have increased by $7,033 (237.14%) year-over-year from $2,966 to $9,999. 3-bedroom rentals prices have increased by $2,250 (74.38%) year-over-year from $3,025 to $5,275. 4-bedroom rentals prices have increased by $488 (11.87%) year-over-year from $4,108 to $4,595. 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 6.06% this month. 1-bedroom rents have gone up by 108.80% this month. 2-bedroom rents have gone up by 106.96% this month. 3-bedroom rents have gone up by 16.23% this month. 4-bedroom rents have gone down by 6.13% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.56	$1,795	$1,198 (49.90%)	$1,322 (35.81%)
1 BR	$3.28	$9,999	$2,143 (366.70%)	$1,775 (463.32%)
3 BR	$2.13	$5,275	$3,025 (74.38%)	$3,030 (74.09%)

Historical Rents in Sheffield, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Sheffield

There are a total of 6 cities nearby Sheffield. The average rent in Sheffield is currently $2,225 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Willowbrook, IL, with an average rent of $2,080, 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 21.95% more expensive. Two bedrooms in Sheffield, Chicago, IL are about inf% more affordable. Finally, rent for three bedrooms are about 36.48% more expensive. Want more information? Check out the top 6 cities near Sheffield, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Willowbrook, IL	N/A	$1,828	$2,218	$2,080
Schaumburg, IL	N/A	$1,995	$2,464	$2,150
Chicago, IL	$1,383	$1,895	$2,495	$2,200
Wheaton, IL	N/A	$1,960	$2,275	$2,250
Aurora, IL	N/A	$1,348	$2,100	$2,285
Naperville, IL	N/A	$1,488	$2,275	$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 $2,198 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $2,198. Out of all the neighborhoods in or near Sheffield, Rogers Park has the most affordable average rent at $1,535 per month. Whereas, at $3,111 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	$1,535
Uptown, Chicago, IL	$1,325	$1,695	$2,600	$1,695
Logan Square, Chicago, IL	$1,150	$1,800	$2,000	$2,000
Lakeview, Chicago, IL	$1,495	$1,900	$2,750	$2,145
Hyde Park, Chicago, IL	$1,250	$1,673	$1,875	$2,250
The Loop, Chicago, IL	$1,825	$2,500	$3,200	$2,700
South Loop, Chicago, IL	N/A	$2,200	$3,000	$2,817
Near North Side, Chicago, IL	$1,763	$2,455	$3,700	$3,111

Top Counties Near Sheffield

There are a total of 8 counties located by Sheffield, Chicago, IL. Some of these counties include Schaumburg, IL, Downers Grove, IL, and Chicago, IL. The average rent for rentals in these counties is $2,200. That's roughly around $2 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Schaumburg, IL. It's average rent per month is $2,138. Vice versa, with an average rent of $2,623, Naperville, IL is the most expensive county by Sheffield, Chicago, IL.

In comparison, rent for one bedroom listings in Sheffield, Chicago, IL is 20.55% 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	$2,464	$2,138
Downers Grove, IL	N/A	$1,828	$2,218	$2,188
Chicago, IL	$1,383	$1,895	$2,495	$2,200
Milton, IL	N/A	$1,960	$2,250	$2,250
Naperville, IL	N/A	$1,535	$2,198	$2,623

Top Zipcodes Near Sheffield

There are a total of 18 zipcodes in or near Sheffield, Chicago, IL. The average rent for all of these zipcodes is $2,216. A total of 9 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 $1,475 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 $1,262. 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 $1,933 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,481 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	$1,560	$2,250	$3,350	$2,600
60642, Chicago, IL	$1,929	$2,425	$2,500	$2,645
60657, Chicago, IL	$1,495	$1,900	$2,800	$2,095
60610, Chicago, IL	$1,713	$2,240	$3,500	$3,000
60647, Chicago, IL	$1,150	$1,800	$2,125	$2,088
60622, Chicago, IL	N/A	$2,025	$2,463	$2,898
60613, Chicago, IL	$1,450	$1,795	$2,600	$2,300
60618, Chicago, IL	$1,300	$1,650	$1,995	$2,175
60611, Chicago, IL	$1,850	$2,500	$3,850	$3,500
60607, Chicago, IL	$1,594	$2,375	$3,100	$2,975

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 $2,220. 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 $4.56. There are a total of 7 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 $2,385 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 0.50%, one bedroom rental prices have changed by 3.67%, two bedroom rental prices have changed by 2.37%, and three bedroom rental prices have changed by 0.74% year-over-year.

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

A reasonable rent price in Sheffield, Chicago, IL is around $1,776/month. You can search for these reasonably priced rental listings on RentHop.