Chicago Rent Index
August 2026 · advertised net-effective rent — asking rent less advertised concessions
Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026
MLS-listed rentals and managed communities combined by housing-stock weight, on an advertised net-effective basis (asking rent less advertised concessions).
- Median effective rent
- $2,517
- asking $2,535
- Month over month
- -0.2%
- Year over year
- +10.2%same-community basis · 384 communities
- Concession
- 0.7%
- ≈ $18/mo off asking
- Leases + units tracked
- 11,804614 leases · 11,190 units
This month in Chicago
As of August 2026, the median asking rent in Chicago, IL is $2,535 per month, up +10.2% from a year earlier.
Advertised net-effective rent — asking less advertised concessions — is $2,517, a median discount of +0.7% ($18/month) off asking.
In Chicago right now, the average listing leases in 15 days and 7,277 rentals are actively listed.
The fastest-rising neighborhoods year over year are Uptown (+70.1%), Arlington Heights (+40.7%), Buena Park (+35.9%).
Old Town is the most expensive area tracked at $3,465 median, while Justice is the most affordable at $1,358.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Rents across the map
Median asking rent by neighborhood, August 2026. Hover for details; click any neighborhood for its full trend page.
Citywide trend
By neighborhood
August 2026 · neighborhoods with at least 10 leased listingsin the month. Where the latest month’s sample was too small, the most recent publishable month is shown (noted beside the name). “—” indicates a sample too small to publish reliably. Click a column to sort.
| 12-mo trend | ||||||||
|---|---|---|---|---|---|---|---|---|
| WilmetteJune | $4,275 | — | — | — | — | 18 | 17 | |
| Old Town | $3,465 | $3,523 | $4,641 | +7.6% | +30.8% | 13 | 139 | |
| Streeterville | $3,328 | $3,135 | $4,483 | +6.5% | +26.6% | 14 | 351 | |
| Lincoln Park | $3,225 | $3,009 | $4,682 | +4.9% | +29.8% | 13 | 202 | |
| Ukrainian Village | $3,188 | — | — | +2.9% | — | 15 | 14 | |
| Fulton Market | $3,175 | $3,184 | $4,477 | -10.1% | — | 18 | 84 | |
| BoystownJune | $3,100 | — | — | — | +24.2%† | 9 | 5 | |
| West Town | $2,962 | $2,506 | $3,314 | +4.6% | +9.5% | 15 | 137 | |
| Near North Side | $2,959 | $3,110 | $4,718 | -5.0% | -1.8% | 14 | 258 | |
| Fulton River District | $2,945 | $2,949 | $4,285 | -4.1% | — | 17 | 98 | |
| Near West Side | $2,895 | $2,700 | $3,200 | +5.3% | +2.5% | 16 | 122 | |
| WrigleyvilleJuly | $2,895 | — | — | -9.5%† | +15.8%† | 11 | 12 | |
| River North | $2,894 | $2,903 | $4,689 | -2.7% | -6.0% | 15 | 595 | |
| Lakeshore East | $2,857 | $2,943 | $4,350 | -19.3% | — | 22 | 236 | |
| East VillageJuly | $2,823 | — | $2,600 | -11.8% | -0.1% | 17 | 18 | |
| Loop | $2,821 | $2,920 | $4,273 | -0.9% | +4.8% | 15 | 191 | |
| West Loop | $2,809 | $2,746 | $4,057 | -1.8% | -1.7% | 16 | 516 | |
| Lakeview | $2,799 | $2,763 | $3,760 | +5.2% | — | — | 145 | |
| Bucktown | $2,797 | $2,830 | $3,873 | -1.7% | +5.7% | 11 | 40 | |
| Printers Row | $2,787 | $2,791 | $3,914 | -4.2% | — | 13 | 84 | |
| Roscoe VillageJuly | $2,775 | — | — | — | -13.3% | 8 | 8 | |
| River West | $2,756 | $2,850 | $4,081 | -14.3% | — | 15 | 102 | |
| Logan Square | $2,732 | $2,512 | $3,208 | +1.7% | +34.4% | 13 | 123 | |
| Grand BoulevardJuly | $2,725 | — | — | +6.3% | +22.5%† | 17 | 32 | |
| South Loop | $2,720 | $2,677 | $3,456 | +0.4% | — | — | 507 | |
| Wicker Park | $2,716 | $2,500 | $2,500 | +4.1% | -3.1% | 13 | 27 | |
| North Center | $2,700 | — | — | -8.1%† | +3.8% | 11 | 39 | |
| KenwoodMay | $2,625 | — | — | — | — | 17 | 15 | — |
| Lake View | $2,600 | $2,200 | $3,250 | -7.1% | +8.6% | 11 | 119 | |
| Near South Side | $2,600 | — | — | -5.4% | 0.0% | 14 | 50 | |
| United CenterJune | $2,550 | — | — | — | +6.3% | 20 | 19 | |
| Little Italy | $2,550 | — | — | +4.1% | +2.0% | 15 | 34 | |
| University VillageJuly | $2,480 | — | — | -0.6% | +7.8% | 13 | 13 | |
| Gold Coast | $2,451 | $2,553 | $4,253 | -5.9% | -2.0% | 8 | 314 | |
| Illinois Medical District | $2,424 | $2,416 | $3,303 | +1.9% | — | 22 | 69 | |
| Uptown | $2,351 | $2,129 | $3,300 | +17.9% | +70.1% | 14 | 347 | |
| West PullmanMay | $2,338 | — | — | — | — | 39 | 6 | — |
| WoodlawnJuly | $2,300 | — | — | +4.6% | +15.3%† | 25 | 60 | |
| Garfield Ridge | $2,225 | — | — | — | — | 21 | 5 | — |
| Buena Park | $2,217 | $1,800 | $2,359 | +8.3% | +35.9% | 11 | 33 | |
| Ravenswood | $2,215 | $2,088 | $3,137 | -8.9%† | — | 10 | 15 | |
| Irving Park | $2,200 | — | — | -2.2% | +29.4%† | 14 | 33 | |
| Downers GroveJuly | $2,200 | — | — | — | — | 21 | 15 | |
| Norwood Park | $2,100 | — | — | — | — | 21 | 16 | |
| La GrangeMay | $2,095 | — | — | — | — | 34 | 5 | — |
| Lincoln Square | $2,082 | — | — | -2.1% | -16.1%† | 12 | 36 | |
| Bronzeville | $2,077 | — | — | -0.8% | — | 18 | 45 | |
| Pilsen | $2,066 | — | — | +8.0% | — | 19 | 23 | |
| Albany Park | $1,993 | — | $1,925 | +5.4% | +10.6% | 14 | 31 | |
| Jefferson ParkJune | $1,950 | — | — | — | — | 21 | 20 | |
| North Park | $1,948 | — | — | — | — | 24 | 12 | — |
| Portage ParkJuly | $1,900 | — | — | +2.7% | +7.0% | 18 | 38 | |
| Avondale | $1,900 | — | — | -19.1%† | -5.0% | 13 | 34 | |
| South Shore | $1,877 | — | — | +17.2%† | — | 32 | 62 | |
| Edgewater | $1,875 | $1,876 | $2,545 | -0.2% | +11.4% | 13 | 193 | |
| Douglas | $1,863 | — | — | — | — | 24 | 6 | |
| Mckinley ParkMay | $1,825 | — | — | — | — | 21 | 5 | — |
| BridgeportJuly | $1,800 | — | $1,895 | +2.9% | +2.9% | 18 | 17 | |
| South LawndaleJuly | $1,800 | — | — | +6.5% | -2.7% | 20 | 18 | |
| Washington ParkMay | $1,800 | — | — | — | — | 23 | 17 | — |
| Little VillageJuly | $1,800 | — | — | +6.5% | -2.7% | 20 | 18 | |
| West Ridge | $1,795 | — | — | -18.4%† | -1.5% | 23 | 66 | |
| Andersonville | $1,784 | $1,784 | $2,442 | 0.0% | — | 9 | 13 | |
| Rogers Park | $1,765 | $1,551 | $2,265 | -1.5% | -8.8% | 18 | 188 | |
| Lower West SideJuly | $1,750 | — | $1,800 | -12.5% | -11.4% | 19 | 25 | |
| Chicago LawnMay | $1,750 | — | — | — | — | 28 | 13 | — |
| North LawndaleJune | $1,700 | — | — | — | -2.9% | 23 | 31 | |
| Belmont CraginJune | $1,700 | — | — | — | +23.6%† | 20 | 29 | |
| Mayfair | $1,680 | — | $1,700 | +15.5%† | — | — | 1 | |
| HermosaJuly | $1,650 | — | — | 0.0% | +4.8% | 24 | 16 | |
| West Garfield ParkMay | $1,598 | — | — | — | — | 48 | 6 | — |
| Hyde Park | $1,595 | $1,595 | $3,895 | -14.1% | — | 19 | 144 | |
| Humboldt ParkJuly | $1,575 | — | — | -12.5%† | -14.9% | 21 | 30 | |
| AustinJuly | $1,550 | — | — | +10.7%† | — | 24 | 30 | |
| Brighton ParkMay | $1,550 | — | — | — | — | 23 | 8 | — |
| Englewood | $1,550 | — | — | — | — | 27 | 14 | — |
| RoselandMay | $1,550 | — | — | — | — | 21 | 15 | — |
| Greater Grand CrossingMay | $1,550 | — | — | — | — | 33 | 23 | — |
| Grand CrossingMay | $1,550 | — | — | — | — | 33 | 23 | — |
| O'Hare | $1,513 | $1,502 | $1,972 | -2.9% | — | — | 164 | |
| Archer HeightsMay | $1,500 | — | — | — | — | 39 | 7 | — |
| South ChicagoJuly | $1,425 | — | — | — | — | 24 | 17 | — |
| Surrounding suburbs | ||||||||
| Deerfield | $2,831 | $2,407 | $2,968 | -3.2% | — | 27 | 41 | |
| Skokie | $2,816 | $2,325 | $2,895 | -5.8% | — | 21 | 38 | |
| Des Plaines | $2,686 | $2,440 | $2,922 | -0.3% | — | 18 | 34 | |
| Warrenville | $2,649 | $2,549 | $2,663 | +3.3% | — | 29 | 29 | |
| Arlington Heights | $2,620 | $2,197 | $2,755 | +1.9% | +40.7% | 16 | 134 | |
| Naperville | $2,522 | $1,913 | $2,434 | -1.5% | +11.8% | 18 | 346 | |
| Evanston | $2,502 | $2,650 | $3,462 | -2.1% | -9.0% | 22 | 161 | |
| Itasca | $2,500 | — | $2,600 | -12.9%† | — | — | 2 | |
| Mount Prospect | $2,484 | $2,489 | — | 0.0% | — | 18 | 27 | |
| Oak Park | $2,477 | $2,469 | $3,409 | +7.1% | — | 18 | 81 | |
| Schaumburg | $2,423 | — | $2,365 | +2.7% | -4.8% | 19 | 67 | |
| Lincolnwood | $2,353 | $2,231 | $2,873 | +2.8% | — | — | 40 | |
| Glenview | $2,330 | $2,266 | $2,962 | -8.1%† | — | 18 | 32 | |
| Lake Bluff | $2,225 | $1,965 | $2,453 | -4.1% | — | — | 10 | |
| Woodridge | $2,199 | $1,957 | $2,464 | +3.5% | — | 33 | 54 | |
| Palatine | $2,151 | $1,957 | $2,202 | +3.9% | — | 18 | 85 | |
| Wheeling | $2,123 | $1,920 | $2,342 | +8.4% | — | 18 | 36 | |
| Wheaton | $2,000 | $1,930 | $2,135 | 0.0% | — | 16 | 173 | |
| Lisle | $1,977 | $2,000 | $2,989 | -0.6% | — | 17 | 42 | |
| Aurora | $1,957 | $1,743 | $2,067 | -4.2% | — | — | 86 | |
| Hoffman Estates | $1,880 | $1,660 | $1,950 | +2.5% | — | 22 | 116 | |
| Westmont | $1,766 | $1,719 | $1,818 | +17.1% | — | 15 | 27 | |
| La Grange Park | $1,575 | $1,557 | — | -0.2% | — | 41 | 10 | |
| Justice | $1,358 | — | $1,358 | +0.8% | — | 28 | 4 | |
† Computed on a small sample (fewer than 20 leases) — interpret with caution.
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Methodology
Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026
Chicago rent questions, answered
What is the average rent in Chicago?
As of August 2026, the median asking rent in Chicago is $2,535 per month across all unit sizes. A typical one-bedroom rents for $2,438 and a typical two-bedroom for $3,027.
Are rents in Chicago going up or down?
Chicago rents are up +10.2% year over year as of August 2026.
How long does it take to rent an apartment in Chicago?
Over the last 90 days, the average Chicago rental listing leased in about 15 days on market.
Which Chicago neighborhoods are most expensive to rent in?
The highest median rents tracked in August 2026 are in Old Town ($3,465), Streeterville ($3,328), Lincoln Park ($3,225).
Monthly reports
Each month’s Chicago numbers at a dated link. The newest month is revised as late-reported leases arrive — see the revision policy in the methodology — so cite the “last updated” date alongside the figure.
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