Average Rent in Chicago, IL
26 apartment buildings, 166 units. Real asking prices, refreshed daily.
Avg Rent
$3,015/mo
Cheapest
$1,347/mo
Properties
26
Units
166
Analysis
Rent Price Breakdown
Compare pricing across all 26 properties in Chicago, IL.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Chicago, IL Rent Prices
All 26 properties ranked by lowest available rent.
Beachwalk Apartments
420 W Fullerton Pkwy, Chicago, IL 60614, USA
Park View Apartments
1936 N Clark St, Chicago, IL 60614, USA
The Vivian
6807 N Sheridan Rd, Chicago, IL 60626, USA
Mainstreet Chicago
2348 W Grand Ave #1, Chicago, IL 60612, USA
The Belmont by Reside
3170 N Sheridan Rd, Chicago, IL 60657, USA
Reside on Surf
425 W Surf St, Chicago, IL 60657, USA
Reside at 2727
2727 N Pine Grove Ave, Chicago, IL 60614, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Beachwalk Apartments 420 W Fullerton Pkwy, Chicago, IL 60614, USA | $1,347 | $1,428 | $5.29 | 4.3 (112) | 3 |
| 2 | Park View Apartments 1936 N Clark St, Chicago, IL 60614, USA | $1,350 | $1,631 | $3.77 | 3.9 (48) | 9 |
| 3 | The Vivian 6807 N Sheridan Rd, Chicago, IL 60626, USA | $1,418 | $1,529 | $3.21 | 4.1 (155) | 14 |
| 4 | Mainstreet Chicago 2348 W Grand Ave #1, Chicago, IL 60612, USA | $1,675 | $3,085 | $1.91 | 4.7 (7) | 3 |
| 5 | The Belmont by Reside 3170 N Sheridan Rd, Chicago, IL 60657, USA | $1,755 | $2,343 | $4.07 | 4.7 (100) | 15 |
| 6 | Reside on Surf 425 W Surf St, Chicago, IL 60657, USA | $1,795 | $2,091 | $4.02 | 4.4 (17) | 6 |
| 7 | Reside at 2727 2727 N Pine Grove Ave, Chicago, IL 60614, USA | $1,836 | $2,181 | $3.46 | 4.6 (7) | 4 |
Explore Each Property
Beachwalk Apartments
4.3 (112)420 W Fullerton Pkwy, Chicago, IL 60614, USA
Park View Apartments
3.9 (48)1936 N Clark St, Chicago, IL 60614, USA
The Vivian
4.1 (155)6807 N Sheridan Rd, Chicago, IL 60626, USA
Mainstreet Chicago
4.7 (7)2348 W Grand Ave #1, Chicago, IL 60612, USA
The Belmont by Reside
4.7 (100)3170 N Sheridan Rd, Chicago, IL 60657, USA
Reside on Surf
4.4 (17)425 W Surf St, Chicago, IL 60657, USA
Chicago, IL Average Rent Prices 2026
The average rent in Chicago, IL is $3,015 per month, based on 166 units across 26 apartment communities. Prices range from $1,347 at Beachwalk Apartments to $4,278 at The Belden-Stratford.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $2,298/mo | $1,347/mo | 107 |
| 1 Bed | $3,815/mo | $1,716/mo | 41 |
| 2 Bed | $5,254/mo | $3,954/mo | 15 |
| 3 Bed | $6,454/mo | $3,790/mo | 3 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Chicago, IL, and what they pay
Tracked one-bedroom rent in Chicago, IL averages $3,815/mo, with two-bedroom units averaging $5,254/mo. At the local median household income of $75,134, that works out to 48% of gross income, a severely rent-burdened market by HUD standards.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Chicago, IL at $1,380/mo. The current tracked market average runs 118% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Chicago, IL while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in Chicago
Demand in the Chicago rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- United Airlines
- Boeing
- Walgreens Boots Alliance
- McDonald's
- JPMorgan Chase
- Allstate
- Abbott Laboratories
- Exelon
Mean one-way commute in Chicago, IL is 34 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
What salary do I need to live comfortably in Chicago, IL?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$121,000/year
30 percent rule -- using our average rent of $3,015/mo.
Comfortable income
$145,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,347/mo), you need to earn at least $54,000/year.
Median household income in Chicago, IL is $75,134 , about 48% below the comfortable-living threshold.
Cost of living in Chicago, IL
Overall prices in Chicago, IL runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Chicago, IL's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $3,015 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $6,636/mo |
Population
2,707,648
Median household income
$75,134
Census median rent
$1,380/mo
Rent as % of income
29.0%
Median age
35.7
Mean commute
34 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Illinois
How Chicago, IL rent compares to other markets in the state.
| City | Avg Rent | vs Chicago, IL | Properties |
|---|---|---|---|
| Peoria, IL | $1,897 | -37% | 12 |
| Naperville, IL | $2,304 | -24% | 12 |
| Aurora, IL | $2,144 | -29% | 12 |
| Schaumburg, IL | $1,916 | -36% | 11 |
| Rockford, IL | $1,215 | -60% | 11 |
| Bloomington, IL | $1,130 | -63% | 11 |
Frequently asked questions
What is the average rent in Chicago, IL?
The average rent in Chicago, IL is $3,015 per month, based on 166 units across 26 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Chicago, IL?
The lowest available rent in Chicago, IL starts at $1,347 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Chicago, IL?
1-bedroom apartments in Chicago, IL average $3,815/mo. The lowest listed 1-bedroom starts at $1,716/mo across 41 units tracked.
How much is a 2-bedroom apartment in Chicago, IL?
2-bedroom apartments in Chicago, IL average $5,254/mo. Units start from $3,954/mo across 15 units currently listed.
Rent Trends in Chicago, IL
Track how apartment prices are changing over time.
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