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Average Rent in Chicago IL & Rent Trends

Rent prices and market trends across 12 apartment communities in Chicago IL. Updated daily.

Market Average

$2,864

/month

▼ 14.5% from last month

Lowest Available

$1,249

Communities

12

Units Listed

82

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
Near North Side $3,100 $2,222 4 43
Lincoln Park $2,604 $1,249 8 39

Is Rent Going Up or Down in Chicago IL?

As of April 2026, the average rent in Chicago IL is $2,864 per month across 12 apartment communities and 82 available units. Rents have decreased $438 (14.5%) over the past month.

The most affordable option is Ion Lincoln Park starting at $1,249/mo. By unit type, a studio averages $2,619/mo, a 1-bedroom averages $3,191/mo, a 2-bedroom averages $4,831/mo.

Prices range from $1,249 to $5,061 per month. The most common price point is the $2,400 range, where 19 units are currently listed.

Chicago IL Rent Price History

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Chicago IL

Studio
$2,619
from $1,249 · 64 units
1 Bed
$3,191
from $2,249 · 12 units
2 Bed
$4,831
from $4,359 · 6 units

Rent Prices by Apartment in Chicago IL

Property Starting at Average Units Rating
Ion Lincoln Park $1,249/mo $1,249/mo 1 3.5
The Belmont by Reside $1,828/mo $2,431/mo 13 4.7
Reside on Surf $1,932/mo $2,598/mo 4 4.4
Reside at 2727 $2,103/mo $2,103/mo 1 4.6
Park Lincoln by Reside $2,194/mo $2,431/mo 5 4.7
AMLI 808 $2,222/mo $2,808/mo 8 4.9
Windsor North + Vine Apartments $2,249/mo $3,114/mo 6 4
Reside on Barry $2,348/mo $2,822/mo 12 4.4
Eugenie Terrace on the Park Apartments $2,424/mo $3,164/mo 23 4.1
The Kent $2,626/mo $2,626/mo 1 3.1
The Residences at NEWCITY $2,799/mo $3,231/mo 6 4.4
Park Fullerton by Reside $3,295/mo $3,792/mo 2 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?
The average rent in Chicago IL is $2,864 per month as of April 2026, based on 82 units across 12 apartment communities.
Is rent going up or down in Chicago IL?
Rent in Chicago IL has decreased $438 (14.5%) over the past month. The current average is $2,864/mo.
What is the cheapest apartment in Chicago IL?
The most affordable apartment in Chicago IL is Ion Lincoln Park with units starting at $1,249/mo.
How much is a 1-bedroom apartment in Chicago IL?
A 1-bedroom apartment in Chicago IL averages $3,191/mo, with prices starting at $2,249/mo across 12 available units.
How many apartments are available in Chicago IL?
There are 82 units available across 12 apartment communities in Chicago IL.

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