Chicago Rent Report — September 2023
A permanent record of Chicago rents for September 2023 from the Abode Rent Index. These figures are final.
This month in Chicago
As of September 2023, the median asking rent in Chicago, IL is $2,139 per month.
Advertised net-effective rent — asking less advertised concessions — is $2,112, a median discount of +1.3% ($27/month) off asking.
In Chicago right now, the average listing leases in 16 days and 4,903 rentals are actively listed.
Near North Side is the most expensive area tracked at $3,600 median, while Westmont is the most affordable at $1,540.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, September 2023
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Near North Side | $3,600 | $3,580 | — | +134.7% | — | — |
| Fulton Market | $3,346 | $3,215 | $4,948 | +3.9% | — | — |
| Printers Row | $3,057 | $2,936 | $3,832 | +42.3% | — | — |
| Lincoln Park | $2,996 | $3,552 | $5,571 | -0.2% | — | — |
| Evanstonsuburb | $2,915 | $2,728 | — | -2.6% | — | — |
| Lakeshore East | $2,888 | $3,020 | $4,868 | +5.4% | — | — |
| West Loop | $2,752 | $2,873 | $4,330 | +8.9% | — | — |
| River North | $2,750 | $2,795 | $4,384 | -5.0% | — | — |
| Gold Coast | $2,716 | $2,701 | $3,974 | -3.3% | — | — |
| Wicker Park | $2,700 | — | — | +18.7% | — | — |
| Lincolnwoodsuburb | $2,700 | $2,345 | — | — | — | — |
| Old Town | $2,698 | $2,784 | $3,687 | -22.1% | — | — |
| Bucktown | $2,636 | $2,625 | — | +6.6% | — | — |
| Streeterville | $2,636 | $2,832 | $4,458 | +9.4% | — | — |
| Glenviewsuburb | $2,634 | $2,290 | $2,952 | — | — | — |
| Fulton River District | $2,538 | $2,566 | $4,057 | — | — | — |
| South Loop | $2,442 | $2,406 | $3,379 | -9.4% | — | — |
| Des Plainessuburb | $2,432 | — | — | — | — | — |
| Loop | $2,360 | $2,384 | $3,300 | +1.3% | — | — |
| Illinois Medical District | $2,284 | $2,280 | — | -5.0% | — | — |
| River West | $2,275 | $2,800 | — | -10.5% | — | — |
| Napervillesuburb | $2,246 | $1,852 | $2,357 | +5.0% | — | — |
| Logan Square | $2,217 | — | — | -15.5% | — | — |
| Lislesuburb | $2,216 | $2,149 | $2,935 | — | — | — |
| Woodridgesuburb | $2,190 | $2,003 | $2,404 | +0.6% | — | — |
| Palatinesuburb | $2,150 | $1,991 | $2,225 | +6.6% | — | — |
| Arlington Heightssuburb | $2,134 | $2,029 | $2,608 | +15.1% | — | — |
| Lakeview | $2,100 | $2,104 | — | -6.5% | — | — |
| Oak Parksuburb | $2,060 | — | — | -24.1% | — | — |
| Lake Bluffsuburb | $1,997 | — | — | — | — | — |
| Buena Park | $1,950 | — | $1,990 | +24.2% | — | — |
| Wheelingsuburb | $1,915 | $1,880 | $2,315 | +18.2% | — | — |
| Rogers Park | $1,912 | — | — | -1.9% | — | — |
| Aurorasuburb | $1,906 | — | $1,933 | -8.9% | — | — |
| Hyde Park | $1,872 | $1,694 | — | -36.2% | — | — |
| Ohare | $1,780 | $1,712 | $2,008 | +11.9% | — | — |
| Edgewater | $1,762 | $1,985 | — | -0.2% | — | — |
| Hoffman Estatessuburb | $1,685 | $1,650 | $1,948 | +5.0% | — | — |
| Uptown | $1,655 | $1,650 | $3,670 | -8.9% | — | — |
| Bronzeville | $1,630 | $1,602 | — | — | — | — |
| Westmontsuburb | $1,540 | $1,465 | $1,627 | — | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology