Chicago Rent Index

October 2026 · advertised net-effective rent — asking rent less advertised concessions

Preliminary29% of a typical month’s leases reported · scattered-site shown on a 3-month basis

Data through October 2026 · Last updated November 7, 2026 · Next release: early December 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: $2,428; asking $2,450
Month over month: +1.4%
Year over year: +8.6%same-community basis · 355 communities
Concession: 0.9%; ≈ $22/mo off asking
Leases + units tracked: 8,172417 leases · 7,755 units

This month in Chicago

As of October 2026, the median asking rent in Chicago, IL is $2,450 per month, up +8.6% from a year earlier.

Advertised net-effective rent — asking less advertised concessions — is $2,428, a median discount of +0.9% ($22/month) off asking.

In Chicago right now, the average listing leases in 18 days and 8,178 rentals are actively listed.

The fastest-rising neighborhoods year over year are Lower West Side (+16.2%), Near South Side (+16.0%), West Ridge (+4.3%).

Old Town is the most expensive area tracked at $3,203 median, while Justice is the most affordable at $1,277.

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, October 2026. Hover for details; click any neighborhood for its full trend page.

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$1,277$4,325median asking rent

Citywide trend

Asking rentEffective rent (after concessions)Concession spread

By neighborhood

October 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 October 2026, sortable
								12-mo trend
Sheffield & DePaulJuly	$4,325	—	—	+6.1%	+21.8%^†	15	11
WilmetteJuly	$3,748	—	—	-12.3%^†	-16.7%^†	17	12
Ukrainian VillageAugust	$3,331	—	—	+7.5%^†	—	18	19
Old Town	$3,203	$3,281	$4,533	+6.4%	—	13	206
Streeterville	$3,169	$3,050	$4,685	+16.9%	—	15	450
Fulton Market	$3,124	$3,084	$4,379	+1.4%	—	26	138
Wicker Park	$2,984	$2,882	—	+3.3%	—	11	37
Rush & DivisionSeptember	$2,900	—	—	—	+26.1%^†	20	7
Near South Side	$2,900	—	—	-1.7%	+16.0%^†	16	55
East VillageJuly	$2,895	—	$2,675	-9.5%	+2.5%	22	11
Lincoln Park	$2,895	$3,363	$4,946	-13.0%	—	15	185
West Loop	$2,891	$2,760	$4,149	-7.4%	—	18	621
River North	$2,889	$3,099	$4,432	-4.1%	—	19	694
Lakeshore East	$2,874	$2,940	$4,198	-5.7%	—	21	241
Near West Side	$2,800	$2,600	—	-12.5%	0.0%	19	152
WrigleyvilleJuly	$2,798	—	—	-12.6%^†	+11.9%	22	15
Fulton River District	$2,795	$2,791	$3,852	-12.9%	—	19	98
River West	$2,790	$3,005	$4,006	+1.9%	—	11	98
Printers Row	$2,776	$2,758	$3,736	-0.6%	—	14	112
Roscoe VillageJuly	$2,775	—	—	—	-13.3%	10	7
University VillageAugust	$2,750	—	—	+11.8%^†	+6.8%	18	14
Little ItalySeptember	$2,725	—	—	+6.9%	—	21	40
Near North Side	$2,716	$2,562	$4,304	+4.9%	—	17	292
West Town	$2,707	$2,703	$3,316	-6.7%	—	15	165
Lakeview	$2,704	$2,650	$3,740	+1.9%	—	—	218
Loop	$2,680	$2,786	$4,082	-3.7%	—	18	352
South Loop	$2,676	$2,667	$3,534	-2.1%	—	—	638
Logan Square	$2,655	$2,500	$2,933	+0.8%	—	16	114
LibertyvilleAugust	$2,600	—	—	—	—	21	23
North CenterAugust	$2,595	—	$2,250	-13.2%	-0.2%	14	31
Illinois Medical District	$2,584	$2,530	$3,311	-9.4%	—	24	65
Lake View	$2,523	$2,200	$2,800	-9.0%	+3.0%	16	136
Ravenswood	$2,508	$2,088	$2,663	+23.3%^†	—	12	28
Bucktown	$2,486	$2,727	$4,312	-5.9%	—	18	44
Gold Coast	$2,482	$2,514	$4,085	-1.8%	—	13	313
Garfield RidgeJuly	$2,300	—	—	—	—	30	8	—
WoodlawnSeptember	$2,250	—	—	+13.9%^†	+18.7%^†	25	54
North Park	$2,250	—	—	—	—	16	10	—
Andersonville	$2,224	—	$2,595	+14.1%^†	—	11	10
Downers GroveJuly	$2,200	—	—	-21.4%^†	—	22	18
Lincoln Square	$2,142	—	—	+0.9%	—	15	45
Grand BoulevardSeptember	$2,100	—	—	-18.4%^†	-8.5%	18	43
Norwood Park	$2,100	—	—	—	—	28	16
Pilsen	$2,039	$2,093	—	+4.6%	—	16	25
West PullmanJuly	$2,013	—	—	—	—	39	4	—
Irving ParkSeptember	$2,000	—	—	-4.8%	+7.5%	16	34
BoystownJuly	$1,995	—	—	-35.6%^†	—	19	6
Armour SquareJuly	$1,988	—	—	—	—	19	3	—
DouglasJuly	$1,975	—	—	—	—	27	7	—
Lower West Side	$1,975	—	$1,985	+21.5%^†	+16.2%^†	17	27
South LawndaleSeptember	$1,900	—	—	—	+35.7%^†	16	23
Little VillageSeptember	$1,900	—	—	—	+35.7%^†	16	23
Kenwood	$1,900	—	—	—	—	17	15	—
Jefferson ParkSeptember	$1,900	—	—	—	—	26	14
Washington ParkJuly	$1,900	—	—	—	—	20	13	—
Uptown	$1,893	$2,280	$3,375	-11.0%	—	18	335
Albany Park	$1,875	—	$1,875	+1.5%	—	17	39
AustinSeptember	$1,875	—	—	+25.0%^†	+21.0%^†	20	37
Mckinley ParkJuly	$1,875	—	—	—	—	21	4	—
Buena Park	$1,857	$1,795	$2,010	+1.0%	—	17	54
BridgeportSeptember	$1,850	—	—	—	+2.8%	18	17
West Ridge	$1,825	—	—	+1.4%	+4.3%	26	82
Bronzeville	$1,824	$1,617	—	-12.7%	—	20	62
South Shore	$1,813	—	$2,258	+8.2%	—	20	79
Avondale	$1,800	—	—	-16.3%^†	-15.3%^†	14	40
Archer HeightsJuly	$1,750	—	—	—	—	30	4	—
Hyde Park	$1,748	$1,398	$2,300	+13.2%	—	17	119
Edgewater	$1,744	$1,858	$2,450	-2.1%	—	20	205
North LawndaleJuly	$1,700	—	—	0.0%	0.0%	25	36
RoselandJuly	$1,700	—	—	—	—	14	14	—
Humboldt ParkAugust	$1,685	—	—	+5.3%	+2.1%	18	33
MayfairSeptember	$1,680	—	—	0.0%	—	—	1
Portage ParkSeptember	$1,673	—	$1,698	-20.3%^†	+4.6%	18	38
Chicago LawnJuly	$1,673	—	—	—	—	35	15	—
HermosaJuly	$1,650	—	—	0.0%	+4.8%	24	12
Greater Grand CrossingJuly	$1,650	—	—	—	—	21	31	—
Grand CrossingJuly	$1,650	—	—	—	—	21	31	—
Belmont CraginAugust	$1,550	—	—	-15.1%^†	—	23	22
Rogers Park	$1,520	$1,518	$2,300	-8.8%	—	16	249
Ohare	$1,518	$1,500	$1,934	-4.2%	—	18	107
ChathamJuly	$1,500	—	—	—	—	18	26
South ChicagoJuly	$1,500	—	—	—	—	18	24	—
EnglewoodJuly	$1,400	—	—	—	—	16	14	—
Washington HeightsJuly	$1,400	—	—	—	—	67	7	—
West EnglewoodJuly	$1,298	—	—	—	—	16	18	—
Surrounding suburbs
Deerfield	$2,821	$2,407	$2,899	-6.1%	—	25	43
Skokie	$2,683	$2,197	$2,873	—	—	20	47
Evanston	$2,675	$2,608	$3,265	+18.9%	—	23	199
Mount Prospect	$2,591	$2,616	—	+6.0%	—	26	24
Des Plaines	$2,513	$2,440	$2,690	-5.6%	—	25	42
ItascaSeptember	$2,475	—	$2,550	-1.0%	—	—	3
Oak Park	$2,473	$2,501	$3,597	-0.3%	—	21	104
Wheeling	$2,469	—	$2,518	+6.3%	—	20	30
Naperville	$2,443	$1,924	$2,384	+2.3%	—	22	358
Arlington Heights	$2,411	$2,122	$2,454	+6.5%	—	17	121
GlenviewSeptember	$2,396	—	—	+13.9%^†	—	15	18
Warrenville	$2,389	$2,266	$2,379	-6.3%	—	13	31
Schaumburg	$2,338	—	$2,358	-7.0%^†	—	24	64
Lincolnwood	$2,300	$2,127	$2,943	+24.3%	—	—	40
Woodridge	$2,198	$2,205	$2,600	-9.1%	—	33	42
Palatine	$2,184	$2,068	$2,188	+3.5%	—	24	57
Wheaton	$2,080	—	$2,115	+4.0%	—	26	173
Lisle	$2,004	$1,949	$2,507	-6.0%	—	20	37
Lake Bluff	$1,993	$1,832	$2,240	-18.1%	—	—	19
Aurora	$1,933	$1,693	$2,053	-2.2%	—	—	60
Hoffman Estates	$1,912	$1,605	$1,955	+0.9%	—	17	92
Westmont	$1,872	$1,719	$1,789	+13.2%	—	22	31
La Grange Park	$1,638	$1,638	—	—	—	40	8
Justice	$1,277	—	$1,274	-8.7%^†	—	27	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 October 2026 · Last updated November 7, 2026 · Next release: early December 2026

Chicago rent questions, answered

What is the average rent in Chicago?

As of October 2026, the median asking rent in Chicago is $2,450 per month across all unit sizes. A typical one-bedroom rents for $2,393 and a typical two-bedroom for $2,974.

Are rents in Chicago going up or down?

Chicago rents are up +8.6% year over year as of October 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 18 days on market.

Which Chicago neighborhoods are most expensive to rent in?

The highest median rents tracked in October 2026 are in Old Town ($3,203), Streeterville ($3,169), Fulton Market ($3,124).

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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