Last updated
Average Rent in Chicago, IL & Rent Trends
Rent prices and market trends across 16 apartment communities in Chicago, IL. Updated daily.
Market Average
$2,290/mo
▼ 8.2% from last month
Lowest Available
$1,347/mo
cheapest unit on market
Communities
16
tracked daily
Units Listed
109
available now
Rent by Neighborhood in Chicago, IL
Compare average rent across Chicago, IL neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Chicago 60642 | $4,333 | $3,231 | 1 | 11 |
| Sheffield & DePaul | $3,128 | $1,347 | 11 | 65 |
| Near North Side | $3,123 | $2,186 | 4 | 49 |
| Near West Side | $3,085 | $1,675 | 1 | 3 |
| Lake View East | $2,681 | $1,755 | 2 | 25 |
| West Town | $2,399 | $2,399 | 1 | 1 |
| Rogers Park | $1,529 | $1,418 | 1 | 14 |
Is Rent Going Up or Down in Chicago, IL?
As of May 2026, the average rent in Chicago, IL is $2,290 per month across 16 apartment communities and 109 available units. Rents have decreased $222 (8.2%) over the past month.
The most affordable option is Beachwalk Apartments starting at $1,347/mo. By unit type, a studio averages $2,290/mo.
Prices range from $1,347 to $4,375 per month. The most common price point is the $2,400 range, where 26 units are currently listed.
Chicago, IL Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Chicago, IL
Rent Prices by Apartment in Chicago, IL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Beachwalk Apartments | $1,347/mo | $1,409/mo | 4 | 4.3 |
| Park View Apartments | $1,350/mo | $1,523/mo | 8 | 3.9 |
| The Vivian | $1,418/mo | $1,496/mo | 12 | 4.1 |
| Mainstreet Chicago | $1,675/mo | $1,675/mo | 1 | 4.7 |
| The Belmont by Reside | $1,755/mo | $2,343/mo | 15 | 4.7 |
| Reside on Surf | $1,795/mo | $2,091/mo | 6 | 4.4 |
| Reside at 2727 | $1,836/mo | $2,181/mo | 4 | 4.6 |
Google Search Trends for Chicago, IL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Chicago, IL
What is the average rent in Chicago, IL?
Is rent going up or down in Chicago, IL?
What is the cheapest apartment in Chicago, IL?
How many apartments are available 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
$92,000/year
30 percent rule -- using our average rent of $2,290/mo.
Comfortable income
$110,000/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 32% 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) | $2,290 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,911/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.
Explore Chicago, IL Apartments
Browse all 16 communities with daily-updated pricing and availability.