Rental Market Trends in Chicago
Are you planning a move to Chicago, and unclear about the average rental price in
the city you're interested in? Don't worry, we'll provide you with the market trends of this
city. We hope this information helps you find your home of choice!
Average Rent in Chicago
Last updated on May 2024
Avg.rent
$2,695 /mo
Avg.apart
ment size
ment size
987 Sq.Ft
Chicago
3 apartments for rent
1. Average rent for different apartment types
As of May 2024, the average rent in Chicago was $2,695/month.
| Apartment Type | Avg Rent | Average Sq.Ft | Annual Change |
|---|---|---|---|
Studio | $1,773/month | 466 Sq.Ft | +2.7% |
1 Bedroom | $2,292/month | 701 Sq.Ft | +5.8% |
2 Bedrooms | $2,859/month | 1,093 Sq.Ft | +4.0% |
3 Bedrooms | $3,497/month | 1,503 Sq.Ft | +2.3% |
2. Market trends over time
In the past year, rent has increased by 2.85%, which averages out to $75 more per month.
Median rents trends in Chicago
No Data
We are working hard to collect data as quickly as possible. Please stay tuned
Rent by Neighborhood
Last updated today
| Neighborhood | Avg Rent | Average Sq.Ft | Annual Change |
|---|---|---|---|
Pilsen | $1,190/month | 590 Sq.Ft | -3.3% |
UIC | $2,018/month | 483 Sq.Ft | +1.6% |
We ensure the accuracy and transparency of our data
Our relies on big data and artificial intelligence to summarize and summarize this rental data. We combine this data with public record to provide the most up-to-date rental information available.
