Last updated September 24, 2026

Average Rent in Chicago, IL & Rent Trends

Rent prices and market trends across 37 apartment communities in Chicago, IL. Updated daily.

Area All Areas Armour Square Chicago Loop Lake View East Little Italy Logan Square Mount Greenwood Near North Side Near West Side River North Rogers Park Sheffield & DePaul Streeterville West Loop West Town

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed 4 Bed

Market Average

$3,050/mo

Lowest Available

$981/mo

cheapest unit on market

Communities

tracked daily

Units Listed

684

available now

Price Cuts This Week in Chicago, IL

284 listed units across 22 buildings in Chicago, IL dropped their asking rent in the past 7 days, an average cut of $227/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
Chicago Rentals / @properties	Unit 82	$7,800	$4,000	$3,800
Chicago Rentals / @properties	Unit 18	$6,595	$3,400	$3,195
Chicago Rentals / @properties	Unit 64	$7,000	$4,000	$3,000
Chicago Rentals / @properties	Unit 94	$11,800	$9,000	$2,800
Chicago Rentals / @properties	Unit 17	$6,995	$4,550	$2,445
Chicago's Best Rentals - Baird & Warner	Unit 6	$4,783	$2,425	$2,358
Chicago Rentals / @properties	Unit 25	$3,950	$2,026	$1,924
Chicago Rentals / @properties	Unit 48	$5,950	$4,250	$1,700

See today's prices on all 684 listed units

Rent by Neighborhood in Chicago, IL

Compare average rent across Chicago, IL neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map

Neighborhood	Avg Rent	30d Change	From	Properties	Units
Chicago Loop	$4,553	▲ $283	$2,291	1	10
Streeterville	$4,477	▼ $130	$2,704	1	20
River North	$4,277	-	$2,450	1	5
Chicago 60642	$4,252	▼ $51	$2,026	3	134
Sheffield & DePaul	$3,479	▼ $129	$1,249	15	164
Little Italy	$3,471	▼ $41	$2,239	2	28
Wrigleyville	$3,395	▼ $21	$2,495	1	7
Near North Side	$3,188	▲ $181	$2,319	3	58
Lake View East	$2,825	▼ $58	$1,863	3	40
Logan Square	$2,659	▲ $827	$1,995	2	10
Near West Side	$2,595	▼ $895	$2,595	1	1
West Loop	$2,526	-	$1,635	1	2
West Town	$1,985	▼ $746	$1,202	1	5
Armour Square	$1,668	▲ $16	$1,185	1	196
Mount Greenwood	$1,312	▼ $37	$981	1	7

Is Rent Going Up or Down in Chicago, IL?

As of September 2026, the average rent in Chicago, IL is $3,050 per month across 37 apartment communities and 684 available units.

The most affordable option is Midpointe starting at $981/mo. By unit type, a studio averages $2,647/mo, a 1-bedroom averages $2,677/mo, a 2-bedroom averages $3,259/mo, a 3-bedroom averages $4,463/mo, a 4-bedroom averages $5,933/mo.

Prices range from $981 to $15,000 per month. The most common price point is the $1,200 range, where 56 units are currently listed.

Chicago, IL Rent Price History

Timeframe

View as table

Month	Avg Rent	Change	Properties
April 2026	$2,859	-	11
May 2026	$2,855	-$4	21
June 2026	$2,863	+$8	25
July 2026	$3,107	+$244	35
August 2026	$3,172	+$65	36
September 2026	$3,221	+$49	36

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.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Chicago, IL

Studio

$2,647

from $981 · 131 units

1 Bed

$2,677

from $1,185 · 289 units

2 Bed

$3,259

from $1,530 · 192 units

3 Bed

$4,463

from $1,529 · 59 units

4 Bed

$5,933

from $1,249 · 13 units

Rent Prices by Apartment in Chicago, IL

Property	Starting at	Average	Units	Rating
Midpointe	$981/mo	$1,312/mo	7	4.2
Lake Meadows Apartments	$1,185/mo	$1,668/mo	196	2.6
Honore Properties	$1,202/mo	$1,985/mo	5	4.5
Ion Lincoln Park	$1,249/mo	$1,539/mo	3	3.5
Beachwalk Apartments	$1,501/mo	$1,998/mo	5	4.3
RentLife	$1,635/mo	$2,526/mo	2	4.8
The Belmont by Reside	$1,863/mo	$3,003/mo	24	4.7
Park View Apartments	$1,875/mo	$1,885/mo	2	3.9
Reside on Surf	$1,913/mo	$2,122/mo	8	4.4
Webster House Apartments	$1,975/mo	$2,952/mo	23	4.9
Beal Properties	$1,995/mo	$2,402/mo	8	4.4
Chicago Rentals / @properties	$2,026/mo	$4,418/mo	100	4.8
Triangle Square Apartments	$2,092/mo	$2,842/mo	26	4.3
Park Lincoln by Reside	$2,159/mo	$2,596/mo	17	4.7
Parq Fulton	$2,239/mo	$3,478/mo	27	4.8
Sentral Michigan Avenue \| Chicago Apartments	$2,291/mo	$4,553/mo	10	4.8
1133 N Dearborn - PPM Apartments	$2,319/mo	$2,532/mo	7	4.5
Windsor North + Vine Apartments	$2,350/mo	$3,555/mo	33	4
Lincoln Park Plaza	$2,400/mo	$2,800/mo	2	4.2
Eugenie Terrace on the Park Apartments	$2,424/mo	$3,930/mo	15	4.1
Chicago's Best Rentals - Baird & Warner	$2,425/mo	$2,527/mo	5	5
Reside on Barry	$2,445/mo	$2,993/mo	8	4.4
Downtown Apartment Collective	$2,450/mo	$4,277/mo	5	5
Chicago Apartment Place, Inc.	$2,495/mo	$3,395/mo	7	3.7
AMLI 808	$2,514/mo	$2,770/mo	18	4.9
Mainstreet Chicago	$2,595/mo	$2,595/mo	1	4.7
2555 N Clark	$2,654/mo	$3,216/mo	3	4.4
465 North Park	$2,704/mo	$4,477/mo	20	4.9
The Kent	$2,739/mo	$2,750/mo	2	3.1
The Apartments at Lincoln Common	$2,741/mo	$4,373/mo	32	4.6
The Residences at NEWCITY	$2,771/mo	$3,506/mo	12	4.4
Foundry	$2,841/mo	$3,904/mo	22	4
Elevate Lincoln Park Apartments	$3,024/mo	$5,266/mo	10	4.7
Park Fullerton by Reside	$3,168/mo	$3,422/mo	4	4.6
Logan Apartments	$3,232/mo	$3,685/mo	2	3.9
Hotspot Apartment Rentals	$3,288/mo	$3,288/mo	1	5
The Belden-Stratford	$3,600/mo	$4,514/mo	15	4.6

Frequently Asked Questions About Rent in Chicago, IL

What is the average rent in Chicago, IL?

The average rent in Chicago, IL is $3,050 per month as of September 2026, based on 684 units across 37 apartment communities.

Is rent going up or down in Chicago, IL?

The current average rent in Chicago, IL is $3,050/mo, refreshed daily to track rent trends.

What is the cheapest apartment in Chicago, IL?

The most affordable apartment in Chicago, IL is Midpointe with units starting at $981/mo.

How much is a 1-bedroom apartment in Chicago, IL?

A 1-bedroom apartment in Chicago, IL averages $2,677/mo, with prices starting at $1,185/mo across 289 available units.

How many apartments are available in Chicago, IL?

There are 684 units available across 37 apartment communities in Chicago, IL.

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

$122,000/year

Based on the 30 percent rule, using our tracked average rent of $3,050/mo.

Comfortable income

$146,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($981/mo), you need to earn at least $39,000/year.

Median household income in Chicago, IL is $75,134 , about 49% 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	Source
Rent (market average)	$3,050	daily refresh
Utilities	$477	BLS × BEA RPP
Groceries	$563	BLS × BEA RPP
Transportation	$1,138	BLS × BEA RPP
Healthcare	$555	BLS × BEA RPP
Other goods and services	$888	BLS × BEA RPP
Estimated total	$6,671/mo	$80,057/year

Population

2,707,648

Median household income

$75,134

Census median rent

$1,380/mo

Census rent burden

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.

Illinois Rent Trends

Compare rent across all Illinois cities

Chicago, IL Neighborhood Rent Map

See rent history by neighborhood on a map

Explore Chicago, IL on Map

See neighborhoods and rent data interactively

US-wide rent comparison

See how Chicago, IL rents stack up against the national median