Chicago Rent Index

July 2026 · net-effective rent — what renters actually pay after concessions

Preliminary

Data through July 2026 · Last updated August 7, 2026 · Next release: early September 2026

MLS-listed rentals and managed communities combined — deduplicated, reported on a net-effective (what-you-actually-pay) basis.

Median effective rent: $2,500
Month over month: 0.0%
Year over year: +8.5%
Avg days to lease: 15
Leases in sample: 864

This month in Chicago

As of July 2026, the median asking rent in Chicago, IL is $2,500 per month, up +8.5% from a year earlier.

In Chicago right now, the average listing leases in 15 days and 9,301 rentals are actively listed.

The fastest-rising neighborhoods year over year are Streeterville (+44.7%), Deerfield (+42.9%), Ravenswood (+33.3%).

Streeterville is the most expensive area tracked at $3,400 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, July 2026. Hover for details; click any neighborhood for its full trend page.

Loading map…

$1,358$4,550median asking rent

Citywide trend

Asking rentEffective rent (after concessions)Concession spread

By neighborhood

July 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.

Median asking rents by neighborhood for July 2026, sortable
								12-mo trend
WilmetteJune	$4,275	—	—	—	—	19	15
Fulton MarketJune	$3,714	—	$3,741	—	-4.8%	15	142
Lakeshore EastMay	$3,650	—	—	—	+37.7%^†	17	282
Streeterville	$3,400	—	—	+21.4%^†	+44.7%^†	15	455
River West	$3,340	—	—	-9.1%^†	-3.9%	13	113
River GroveApril	$3,295	—	—	+3.1%	+31.8%^†	19	6
BoystownJune	$3,100	—	—	—	+24.2%^†	11	8
Printers Row	$3,014	$3,014	$4,099	+3.5%	+8.7%	6	112
West Loop	$3,000	$2,700	$3,850	-14.3%	-3.2%	14	712
Bucktown	$3,000	—	—	-13.0%^†	+2.2%	11	94
Ravenswood	$3,000	—	—	+39.5%^†	+33.3%^†	11	23
Logan Square	$2,998	—	$2,995	+15.3%	+20.2%	12	159
Fulton River DistrictApril	$2,998	—	—	—	—	15	113
Sheffield & DePaulApril	$2,995	—	—	—	-20.1%^†	11	12
Lake View	$2,950	$2,200	$3,295	+1.7%	+9.3%	11	137
Lincoln Park	$2,938	$2,325	$3,325	-8.2%	+7.4%	13	245
Wrigleyville	$2,923	—	—	-2.6%	+16.9%^†	14	14
Near North Side	$2,900	$2,495	$3,750	+7.4%	+9.4%	13	267
River North	$2,900	$2,500	$3,700	+7.4%	+7.4%	14	834
North Center	$2,900	—	$2,898	+7.4%	+5.5%	13	38
Wicker Park	$2,895	—	$2,700	-3.5%	-0.6%	13	45
Old Town	$2,800	$2,500	—	-3.4%	+3.7%	11	271
Roscoe Village	$2,775	—	—	—	-13.3%	12	7
West Town	$2,750	$2,375	$2,600	-1.8%	+9.2%	14	172
Near West Side	$2,750	$2,600	$3,200	-8.3%	-5.2%	16	117
Loop	$2,750	$2,500	$2,938	+1.9%	+3.8%	13	316
Near South Side	$2,747	—	$2,800	-11.4%^†	+3.7%	16	52
South Loop	$2,704	$2,704	$3,662	-0.7%	+7.9%	—	693
Lakeview	$2,699	$2,699	$4,049	+2.5%	+17.3%	—	278
KenwoodApril	$2,650	—	—	—	—	18	12	—
United CenterJune	$2,625	—	—	—	+9.4%	20	12
East Village	$2,600	—	$2,600	-11.1%^†	-8.0%	11	19
Grand BoulevardJune	$2,600	—	—	—	+13.0%	22	35
Gold Coast	$2,600	—	—	+10.7%^†	+23.8%^†	8	366
Rush & DivisionApril	$2,550	—	—	+3.0%	+4.6%	11	6
University Village	$2,500	—	—	+1.1%	+8.7%	18	20
Little Italy	$2,450	—	—	-3.9%	-2.0%	18	37
Avondale	$2,350	—	$2,350	-14.5%	+6.8%	13	38
BronzevilleJune	$2,350	—	—	-1.6%	+2.2%	24	44
Irving Park	$2,275	—	—	+29.1%^†	+23.0%^†	16	30
Ukrainian VillageMay	$2,250	—	—	-2.2%	-1.1%	18	19
WoodlawnJune	$2,198	—	—	+3.4%	+8.5%	23	58
Lincoln Square	$2,190	—	$2,195	+0.7%	+4.3%	14	33
Douglas	$2,100	—	—	—	—	27	6
Edgewater	$2,050	—	$2,500	+10.8%	+14.0%	11	183
Norwood Park	$2,050	—	—	—	—	19	14
Albany ParkJune	$2,000	—	—	+2.6%	+0.1%	14	41
Hyde ParkJune	$2,000	—	—	-20.0%^†	-5.9%	29	149
Uptown	$1,950	$1,900	—	-2.5%	-11.2%	12	467
Buena Park	$1,950	—	—	-11.4%^†	-17.0%^†	12	73
MontclareApril	$1,950	—	—	—	—	12	6	—
West Ridge	$1,895	—	—	-10.8%^†	+11.8%	22	60
Portage ParkJune	$1,850	—	$1,813	+4.2%	+12.3%	21	32
Jefferson ParkJune	$1,850	—	—	—	—	21	18
Chicago LawnApril	$1,825	—	—	—	—	28	13	—
Humboldt ParkJune	$1,798	—	—	+16.0%^†	+2.7%	20	33
Washington ParkApril	$1,795	—	—	—	—	21	14	—
Andersonville	$1,784	$1,784	$2,442	+1.4%	—	9	35
Lower West Side	$1,750	—	—	-12.5%^†	-11.4%	18	30
Pilsen	$1,750	—	—	-12.5%^†	-20.3%^†	18	34
Bridgeport	$1,750	—	—	+1.4%	0.0%	18	15
Washington HeightsApril	$1,725	—	—	—	—	49	8	—
North LawndaleJune	$1,700	—	—	—	-2.9%	23	27
South LawndaleJune	$1,690	—	—	+9.0%^†	-0.3%	15	23
Little VillageJune	$1,690	—	—	+9.0%^†	-0.3%	15	23
Rogers Park	$1,650	$1,535	$1,900	+7.3%	-3.5%	18	214
HermosaJune	$1,650	—	—	+3.4%	+8.2%	22	16
Belmont CraginApril	$1,600	—	—	-5.6%	-17.9%^†	22	31
Ohare	$1,533	$1,533	$1,942	-3.3%	-1.8%	32	103
West Englewood	$1,510	—	—	—	—	26	14
Brighton ParkApril	$1,500	—	—	—	—	17	4	—
ClearingApril	$1,500	—	—	—	—	20	12	—
Greater Grand CrossingApril	$1,500	—	—	—	—	22	22	—
Grand CrossingApril	$1,500	—	—	—	—	22	22	—
Archer HeightsApril	$1,500	—	—	—	—	37	5	—
Englewood	$1,425	—	—	—	—	47	15	—
South ChicagoApril	$1,425	—	—	—	—	25	20	—
Mayfair	$1,400	—	—	+7.7%^†	-6.7%	—	6
AustinJune	$1,375	—	$1,438	—	-17.8%^†	32	43
South ShoreApril	$1,363	—	—	-6.0%	-6.0%	33	62
Surrounding suburbs
GlenviewJune	$4,550	—	—	+97.8%^†	+32.8%^†	15	33
Naperville	$3,200	—	—	+13.3%	+6.7%	21	326
Arlington HeightsJune	$3,200	—	—	+28.0%^†	+60.0%^†	14	129
Deerfield	$3,059	$2,397	$3,059	-0.7%	+42.9%	19	41
Itasca	$3,000	—	$3,000	0.0%	—	—	10
Hoffman EstatesJune	$2,925	—	—	—	+30.0%^†	24	117
Mount ProspectJune	$2,600	—	—	—	—	21	38
PalatineJune	$2,500	—	—	-10.7%^†	-7.4%	20	82
Schaumburg	$2,500	—	—	-1.8%	+4.2%	19	83
Warrenville	$2,421	$2,472	$2,421	-9.9%	+11.2%	28	31
Des PlainesJune	$2,375	—	—	-12.0%^†	-11.1%	16	46
Lake Bluff	$2,338	$1,908	$2,338	+0.4%	—	—	7
Lincolnwood	$2,307	$2,307	$3,269	-5.1%	+1.2%	—	42
SkokieJune	$2,275	—	—	-9.0%^†	+30.0%^†	20	66
Evanston	$2,150	—	—	-6.5%	-6.5%	23	278
Aurora	$2,098	$1,772	$2,098	-0.6%	+5.5%	—	93
Woodridge	$2,050	$2,050	$2,556	-16.5%	+1.5%	27	68
Oak Park	$2,000	—	—	+5.3%	-9.1%	19	173
La Grange Park	$1,547	—	—	-2.9%	+3.1%	40	15
Westmont	$1,490	$1,490	$1,991	-16.2%	-15.1%	20	22
Justice	$1,358	—	$1,358	0.0%	-6.1%	27	9

† 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 July 2026 · Last updated August 7, 2026 · Next release: early September 2026

Chicago rent questions, answered

What is the average rent in Chicago?

As of July 2026, the median asking rent in Chicago is $2,500 per month across all unit sizes. A typical one-bedroom rents for $2,200 and a typical two-bedroom for $2,750.

Are rents in Chicago going up or down?

Chicago rents are up +8.5% year over year as of July 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 July 2026 are in Streeterville ($3,400), River West ($3,340), Naperville ($3,200).

Monthly reports

Each month’s Chicagonumbers at a permanent link — cite them, share them, they don’t change.

Looking in Chicago?

A dedicated Abode agent searches, schedules, and negotiates for you — free for renters.

Browse Chicago rentals