Last updated
Average Rent in Near North Side & Rent Trends
Rent prices and market trends across 4 apartment communities in Near North Side, Chicago, IL. Updated daily.
Market Average
$2,728/mo
▼ 4.7% from last month
Lowest Available
$2,206/mo
cheapest unit on market
Communities
4
tracked daily
Units Listed
21
available now
Price Cuts This Week in Near North Side
52 listed units across 2 buildings offering studio units in Near North Side dropped their asking rent in the past 7 days, an average cut of $49/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Foundry | Unit 2013, J2 | $3,224 | $2,974 | $250 |
| Foundry | Unit 2207, J1 | $3,244 | $2,994 | $250 |
| Foundry | Unit 2213, J2 | $3,244 | $2,994 | $250 |
| 1133 N Dearborn - PPM Apartments | Unit 60 | $2,258 | $2,185 | $73 |
| 1133 N Dearborn - PPM Apartments | Unit 44 | $2,105 | $2,034 | $71 |
| 1133 N Dearborn - PPM Apartments | Unit 45 | $2,106 | $2,036 | $70 |
| 1133 N Dearborn - PPM Apartments | Unit 46 | $2,123 | $2,062 | $61 |
| 1133 N Dearborn - PPM Apartments | Unit 13 | $2,431 | $2,372 | $59 |
Near North Side vs Chicago, IL Average
Near North Side is cheaper than the Chicago, IL average by $240/mo (8%). The citywide average is $2,968/mo across all neighborhoods.
Is Rent Going Up or Down in Near North Side?
As of August 2026, the average rent in Near North Side is $2,728 per month across 4 apartment communities and 21 available units. Rents have decreased $163 (4.7%) over the past month.
The most affordable option is AMLI 808 starting at $2,206/mo. By unit type, a studio averages $2,728/mo.
Prices range from $2,206 to $3,782 per month. The most common price point is the $2,600 range, where 9 units are currently listed.
Near North Side Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| July 2026 | $3,296 | - | 5 |
| August 2026 | $3,334 | +$38 | 5 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Rent Price Distribution
Rent by Bedroom Type in Near North Side
Rent Prices by Apartment in Near North Side
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| AMLI 808 | $2,206/mo | $2,683/mo | 15 | 4.9 |
| Foundry | $2,445/mo | $3,114/mo | 2 | 4 |
| Windsor North + Vine Apartments | $2,550/mo | $2,647/mo | 3 | 4 |
| Downtown Apartment Collective | $2,877/mo | $2,877/mo | 1 | 5 |
Frequently Asked Questions About Rent in Near North Side
What is the average rent in Near North Side?
Is rent going up or down in Near North Side?
What is the cheapest apartment in Near North Side?
How many apartments are available in Near North Side?
What salary do I need to live comfortably in Near North Side?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$109,000/year
Based on the 30 percent rule, using our tracked average rent of $2,728/mo.
Comfortable income
$131,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,206/mo), you need to earn at least $88,000/year.
Median household income in Near North Side is $75,134 , about 43% below the comfortable-living threshold.
Cost of living in Near North Side
Overall prices in Near North Side 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 Near North Side's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,728 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $6,349/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.
Google Search Trends for Near North Side Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Near North Side Apartments
Browse all 4 communities with daily-updated pricing and availability.