Chicago Rent Report — July 2023
A permanent record of Chicago rents for July 2023 from the Abode Rent Index. These figures are final.
This month in Chicago
As of July 2023, the median asking rent in Chicago, IL is $2,248 per month.
In Chicago right now, the average listing leases in 13 days and 9,227 rentals are actively listed.
South Loop is the most expensive area tracked at $2,497 median, while La Grange Park is the most affordable at $1,345.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, July 2023
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| South Loop | $2,497 | $2,497 | $3,203 | -6.6% | — | — |
| Printers Row | $2,373 | — | — | — | — | — |
| Lakeview | $1,963 | $1,963 | $2,925 | — | — | — |
| Ohare | $1,458 | $1,458 | $1,805 | +2.3% | — | — |
| La Grange Parksuburb | $1,345 | $1,345 | — | — | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology