Chicago Rent Report — June 2023
A permanent record of Chicago rents for June 2023 from the Abode Rent Index. These figures are final.
This month in Chicago
As of June 2023, the median asking rent in Chicago, IL is $2,374 per month.
Advertised net-effective rent — asking less advertised concessions — is $2,332, a median discount of +1.8% ($42/month) off asking.
In Chicago right now, the average listing leases in 16 days and 4,903 rentals are actively listed.
River North is the most expensive area tracked at $3,009 median, while Ohare is the most affordable at $1,435.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, June 2023
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| River North | $3,009 | $3,009 | — | — | — | — |
| Lincoln Park | $2,916 | — | — | — | — | — |
| West Loop | $2,682 | $2,642 | $3,607 | — | — | — |
| South Loop | $2,673 | — | — | — | — | — |
| Lakeshore East | $2,647 | $2,699 | — | — | — | — |
| Loop | $2,286 | — | — | — | — | — |
| Evanstonsuburb | $2,270 | — | — | — | — | — |
| Fulton River District | $2,100 | — | — | — | — | — |
| Gold Coast | $1,752 | $1,990 | — | — | — | — |
| Uptown | $1,750 | — | — | — | — | — |
| Ohare | $1,435 | $1,435 | — | — | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology