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Renter Market Trends

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
$2,706 /mo
Avg.apart
ment size
1002 Sq.Ft
Chicago
3 apartments for rent
1. Average rent for different apartment types
As of May 2024, the average rent in Chicago was $2,706/month.
Apartment TypeAvg RentAverage Sq.FtAnnual Change
Studio
$1,804/month
479 Sq.Ft
+4.5%
1 Bedroom
$2,294/month
704 Sq.Ft
+5.9%
2 Bedrooms
$2,843/month
1,105 Sq.Ft
+3.4%
3 Bedrooms
$3,515/month
1,516 Sq.Ft
+2.8%
2. Market trends over time
In the past year, rent has increased by 2.93%, which averages out to $77 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

NeighborhoodAvg RentAverage Sq.FtAnnual Change
Pilsen
$1,329/month
664 Sq.Ft
+8.0%
UIC
$2,039/month
489 Sq.Ft
+2.6%

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.

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1831 S Racine Ave, Chicago, IL 60608