Average Rent in South Side, Chicago, IL

Current Versus Historical South Side, Chicago, IL Rents

South Side rentals average $1,075 for a studio rental to $2,975 for a 4-bedroom rental. The median price of all currently available listings is $1,775, 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 $9,172 (1,109.56%) year-over-year from $827 to $9,999. 1-bedroom rentals prices have increased by $9,008 (908.98%) year-over-year from $991 to $9,999. 2-bedroom rentals prices have increased by $8,701 (670.14%) year-over-year from $1,298 to $9,999. 3-bedroom rentals prices have increased by $729 (42.07%) year-over-year from $1,733 to $2,463. 4-bedroom rentals prices have increased by $708 (34.27%) year-over-year from $2,067 to $2,775. 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 154.77% this month. 1-bedroom rents have gone up by 143.13% this month. 2-bedroom rents have gone up by 134.02% this month. 3-bedroom rents have gone up by 14.97% this month. 4-bedroom rents have gone up by 13.85% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.77	$9,999	$827 (1,109.56%)	$889 (1,024.75%)
1 BR	$1.82	$9,999	$991 (908.98%)	$1,056 (847.17%)
2 BR	$1.40	$9,999	$1,298 (670.14%)	$1,232 (711.83%)
3 BR	$1.55	$2,463	$1,733 (42.07%)	$1,402 (75.68%)
4+ BR	$1.54	$2,775	$2,067 (34.27%)	$1,595 (73.98%)

Historical Rents in South Side, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near South Side

There are a total of 6 cities nearby South Side. The average rent in South Side is currently $2,258 per month. Our records show that Chicago, IL, with an average rent of $2,095, is the most affordable city nearby. In contrast, the most expensive city near South Side, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,790 per month.

Let's compare South Side, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 35.36% more affordable. Two bedrooms in South Side, Chicago, IL are about 59.57% more affordable. Finally, rent for three bedrooms are about 25.47% more affordable. Want more information? Check out the top 6 cities near South Side, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,300	$1,745	$2,300	$2,095
Evanston, IL	$1,043	$1,700	$2,150	$2,145
Schaumburg, IL	N/A	$1,995	$2,350	$2,195
Wheaton, IL	N/A	$1,965	$2,320	$2,320
Aurora, IL	N/A	$1,300	$2,100	$2,325
Naperville, IL	N/A	$1,650	$2,200	$2,790

Top Neighborhoods Near South Side

There are a total of 15 neighborhoods in or near South Side. Some of these neighborhoods include Edgewater, Rogers Park, and Albany Park. We've included all of these top 15 neighborhoods in or near South Side, Chicago, IL in the following chart.

The average rent for these 15 neighborhoods in or near South Side, Chicago, IL is currently around $2,000 per month. A total of 6 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $2,000. Interestingly, the neighborhoods' average rent is higher than South Side's average rent, which is only $1,775. Out of all the neighborhoods in or near South Side, Edgewater has the most affordable average rent at $1,550 per month. Whereas, at $3,000 average rent per month, Near North Side is the most expensive neighborhood in or near South Side. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Edgewater, Chicago, IL	$1,126	$1,550	$2,150	$1,550
Rogers Park, Chicago, IL	$1,150	$1,375	$1,850	$1,600
Albany Park, Chicago, IL	$1,045	$1,420	$1,863	$1,650
Uptown, Chicago, IL	$1,125	$1,625	$2,600	$1,695
West Rogers Park, Chicago, IL	$1,200	$1,325	$1,825	$1,725
Ravenswood, Chicago, IL	$1,220	$1,623	$2,650	$1,775
Logan Square, Chicago, IL	$1,250	$1,795	$2,000	$1,911
Humboldt Park, Chicago, IL	$2,100	$1,450	$1,825	$2,000
Lincoln Park, Chicago, IL	$1,450	$1,875	$3,050	$2,095
Lakeview, Chicago, IL	$1,463	$1,940	$2,595	$2,100
Hyde Park, Chicago, IL	$1,275	$1,650	$1,875	$2,299
DePaul, Chicago, IL	$1,670	$2,295	$2,400	$2,393
The Loop, Chicago, IL	N/A	$2,500	$3,450	$2,723
South Loop, Chicago, IL	N/A	$2,248	$3,000	$2,995
Near North Side, Chicago, IL	$1,788	$2,399	$3,600	$3,000

Top Counties Near South Side

There are a total of 15 counties located by South Side, Chicago, IL. Some of these counties include Chicago, IL, Schaumburg, IL, and Evanston, IL. The average rent for rentals in these counties is $2,169. That's roughly around $2 per sqft. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,095. Vice versa, with an average rent of $2,575, Naperville, IL is the most expensive county by South Side, Chicago, IL.

In comparison, rent for one bedroom listings in South Side, Chicago, IL is 40.16% more affordable than other counties nearby. Finally, rent for two bedrooms in South Side, Chicago, IL is 59.89% more affordable than other counties nearby. We've listed the top 6 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,300	$1,745	$2,300	$2,095
Schaumburg, IL	N/A	$1,995	$2,350	$2,138
Evanston, IL	$1,043	$1,700	$2,150	$2,145
Downers Grove, IL	N/A	$1,822	$2,209	$2,193
Milton, IL	N/A	$1,963	$2,320	$2,320
Naperville, IL	N/A	$1,663	$2,198	$2,575

Top Zipcodes Near South Side

There are a total of 20 zipcodes in or near South Side, Chicago, IL. The average rent for all of these zipcodes is $2,097. 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 $1,250. 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 South Side, Chicago, IL is $1,790 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,405 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in South Side, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60615, Chicago, IL	$1,250	$1,450	$1,900	$2,099
60608, Chicago, IL	N/A	$1,450	$1,873	$2,050
60607, Chicago, IL	$1,594	$2,225	$3,250	$3,048
60611, Chicago, IL	$1,835	$2,500	$3,717	$3,500
60610, Chicago, IL	$1,775	$2,300	$3,600	$2,760
60642, Chicago, IL	$1,929	$2,300	$2,800	$2,675
60622, Chicago, IL	$1,890	$2,100	$2,495	$2,500
60647, Chicago, IL	$1,250	$1,848	$2,150	$2,050
60614, Chicago, IL	$1,595	$2,200	$2,958	$2,370
60657, Chicago, IL	$1,475	$1,943	$2,650	$2,095

Frequently Asked Questions - South Side Average Rents

What is the average rent price in South Side, Chicago, IL?

The average monthly rental price for South Side, Chicago, IL apartments for rent is approximately $1,775. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do South Side, 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 South Side, Chicago, IL.

How much is a studio apartment in South Side, Chicago, IL?

The average monthly rental price for studio apartments is $1,075 and an average price per square feet of $2.77. There are a total of 7 studio apartment listings currently available for rent in South Side.

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

The average monthly rental price for one bedroom apartments is $1,273 and an average price per square feet of $1.82. There are a total of 10 one bedroom apartment listings currently available for rent in South Side.

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

The average monthly rental price for two bedroom apartments is $1,410 and an average price per square feet of $1.40. There are a total of 31 two bedroom apartment listings currently available for rent in South Side.

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

Rent prices for rentals in South Side, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 11.10%, one bedroom rental prices have changed by 9.09%, two bedroom rental prices have changed by 6.70%, and three bedroom rental prices have changed by 0.42% year-over-year.

What is a reasonable rent price in South Side, Chicago, IL?

A reasonable rent price in South Side, Chicago, IL is around $1,420/month. You can search for these reasonably priced rental listings on RentHop.