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Average Rent in Chicago, IL & Rent Trends

What is the average rent in Chicago, IL?

The average listed apartment rent in Chicago, IL is $2,988 per month, as of November 8, 2026. This sample includes 501 priced apartments in 30 buildings. These are tracked asking prices, not signed leases.

We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Included building observations run from November 3, 2026 through November 8, 2026. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.

Rent prices and market trends across 30 apartment communities in Chicago, IL. Prices update after successful source checks.

Area All Areas Armour Square Chicago Loop Lake View East Little Italy Logan Square Mount Greenwood Near North Side River North Rogers Park Sheffield & DePaul Streeterville West Loop West Town Wrigleyville
Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed 4 Bed

Showing any bedrooms in Chicago, IL.

Market Average

$2,988/mo

Lowest Available

$1,205/mo

cheapest unit on market

Communities

30

tracked daily

Units Listed

501

available now

Rent Watch: cuts and increases

Open Rent Watch →

See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.

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
West Town $3,809 - $2,771 1 13
River North $3,695 - $2,772 1 4
Chicago Loop $3,531 ▼  $810 $2,292 1 25
Wrigleyville $3,295 ▲  $80 $1,745 1 5
Sheffield & DePaul $3,190 ▼  $6 $1,205 15 191
Logan Square $3,150 ▼  $29 $2,613 1 7
Lake View East $3,025 ▼  $151 $1,767 2 21

Is Rent Going Up or Down in Chicago, IL?

As of November 2026, the average rent in Chicago, IL is $2,988 per month across 30 apartment communities and 501 available units.

The most affordable option is Ion Lincoln Park starting at $1,205/mo. By unit type, a studio averages $2,269/mo, a 1-bedroom averages $3,028/mo, a 2-bedroom averages $4,050/mo, a 3-bedroom averages $3,534/mo, a 4-bedroom averages $3,216/mo.

Prices range from $1,205 to $10,410 per month. The most common price point is the $2,000 range, where 59 units are currently listed.

Chicago, IL Rent Price History

Timeframe
View as table
Month Avg Rent Change Properties
April 2026 $2,761 - 12
May 2026 $2,790 +$29 19
June 2026 $2,806 +$16 22
July 2026 $2,935 +$129 29
August 2026 $3,083 +$148 31
September 2026 $3,182 +$99 31
October 2026 $3,134 -$48 29
November 2026 $3,064 -$70 25

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
$2,269
from $1,451 · 160 units
1 Bed
$3,028
from $1,750 · 191 units
2 Bed
$4,050
from $1,845 · 90 units
3 Bed
$3,534
from $1,535 · 29 units
4 Bed
$3,216
from $1,205 · 19 units

Rent Prices by Apartment in Chicago, IL

Property Starting at Average Units Rating
Ion Lincoln Park $1,205/mo $1,528/mo 3 3.5
1133 N Dearborn - PPM Apartments $1,451/mo $1,919/mo 60 4.5
Beachwalk Apartments $1,466/mo $1,716/mo 8 4.3
Hotspot Apartment Rentals $1,528/mo $2,511/mo 65 5
Reside at 2727 $1,723/mo $1,754/mo 3 4.6
Chicago Apartment Place, Inc. $1,745/mo $3,295/mo 5 3.7
The Belmont by Reside $1,767/mo $2,999/mo 14 4.7

Frequently Asked Questions About Rent in Chicago, IL

How many bedrooms are you looking for?

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Any bedrooms

What is the average rent in Chicago, IL?
The average listed apartment rent in Chicago, IL is $2,988 per month, as of November 8, 2026. This sample includes 501 priced apartments in 30 buildings. These are tracked asking prices, not signed leases.

What rent range can I find in Chicago, IL?
The apartment listings we track in Chicago, IL range from $1,205 to $10,410 per month, as of November 8, 2026. These are the lowest and highest listed prices. They are not a typical price for every apartment. The building, floor plan, and lease terms can affect the price.

Are rents going up or down in Chicago, IL?
There is not enough comparable history to report a reliable 30-day rent change for apartment listings in Chicago, IL. Missing dates or a change in the buildings we track can prevent a comparison. Missing history does not mean rents stayed flat.

How much is a studio apartment in Chicago, IL?
Studio apartments average $2,269 per month across 160 priced listings in Chicago, IL. Listed rents range from $1,451 to $3,470 per month, as of November 8, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 1-bedroom apartment in Chicago, IL?
1-bedroom apartments average $3,028 per month across 191 priced listings in Chicago, IL. Listed rents range from $1,750 to $5,236 per month, as of November 8, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 2-bedroom apartment in Chicago, IL?
2-bedroom apartments average $4,050 per month across 90 priced listings in Chicago, IL. Listed rents range from $1,845 to $8,100 per month, as of November 8, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 3-bedroom apartment in Chicago, IL?
3-bedroom apartments average $3,534 per month across 29 priced listings in Chicago, IL. Listed rents range from $1,535 to $9,469 per month, as of November 8, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 4-bedroom apartment in Chicago, IL?
4-bedroom apartments average $3,216 per month across 19 priced listings in Chicago, IL. Listed rents range from $1,205 to $10,410 per month, as of November 8, 2026. Compare apartments with similar floor plans and lease terms.

How do 1-bedroom and 2-bedroom rents compare in Chicago, IL?
The 1-bedroom average is $3,028 per month across 191 listings. The 2-bedroom average is $4,050 across 90 listings, $1,022 (33.8%) higher. This is a comparison of listing groups, not the cost to upgrade a specific apartment.

Which tracked building has the lowest starting rent in Chicago, IL?
Ion Lincoln Park has the lowest starting rent among the buildings in the comparison table, at $1,205 per month. We track 3 priced listings matching your bedroom choice in that building, as of November 8, 2026. The starting price applies to its lowest-priced matching apartment. Check that apartment's latest price and availability.

Which rent range has the most listings in Chicago, IL?
The $2,000 to $2,200 monthly range has the most matching listings: 59 units, or 11.8% of the priced apartments we track in Chicago, IL. This count does not tell us how fast the apartments rent.

How many apartment listings do you track in Chicago, IL?
We track 501 priced units at 30 apartment buildings, as of November 8, 2026. This is not the total number of apartments in those buildings. A listing can change or become unavailable. Open the apartment details to check its latest status.

How much rent history is available for Chicago, IL?
We have recorded rent data on 204 days from April 2026 through November 2026 for apartment listings in Chicago, IL. Some dates can be missing. The chart only shows recorded data. The current month includes the days recorded so far.

Why can the headline rent differ from the trend chart in Chicago, IL?
The average at the top of the page gives each matching apartment equal weight. The chart first averages recorded prices within each building, then compares buildings. It removes the highest and lowest groups when at least ten buildings contribute and omits days with fewer than five buildings. Different dates, building counts, and listing mixes can produce different figures. The monthly table averages the recorded daily figures.

Does my bedroom choice change the prices and answers?
Yes. Your chosen area and bedroom count filter the asking rents, listing counts, rent ranges, and answers on this page. The active community exclusions are Student housing and 55+ / senior community and Corporate housing and Military / active duty housing and Veteran housing. When you choose a bedroom count, the history chart uses recorded prices for matching apartments with a known identity. If those records are missing, we leave the chart empty rather than use prices for other bedroom types. Open an individual apartment to check its own price history.

Do these rents include utilities, parking, and other fees?
We use the published total monthly rent when it is available and the base rent otherwise. Unknown fees are not zero. Utilities, parking, pet charges, deposits, and one-time costs can add to the amount you pay. Check the selected unit and lease terms for a complete quote.

How should I compare free-rent offers with listed rent?
A free-rent offer can reduce the effective cost over a lease without changing the listed monthly rent. Compare the same lease length and move-in date, then include required charges and the offer conditions. The market averages do not assume an unconfirmed discount.

Does this page represent every rental in the market?
These figures describe the priced apartment listings we track, not every rental home or every occupied apartment. Coverage and the mix of bedrooms, buildings, and locations can change. A lower market average does not prove that the same apartment received a price cut.

How fresh are the Chicago, IL rent figures?
We schedule rent updates each day, but buildings can have different price-check dates. The latest accepted price check for these listings was November 8, 2026. The month label does not mean we checked every price today. Open the building or apartment details for its latest price and availability.

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

$120,000/year

Based on the 30 percent rule, using our tracked average rent of $2,988/mo.

Comfortable income

$143,000/year

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

To afford the cheapest tracked apartment ($1,205/mo), you need to earn at least $48,000/year.

Median household income in Chicago, IL is $75,134 , about 48% below the comfortable-living threshold.

Explore Chicago, IL Apartments

Browse all 30 communities with daily-updated pricing and availability.

Browse All Apartments Find Your Match

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) $2,988
Utilities $477
Groceries $563
Transportation $1,138
Healthcare $555
Other goods and services $888
Estimated total $6,609/mo

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

We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.

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

We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.

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

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