Chicago Rent Report — October 2023
A permanent record of Chicago rents for October 2023 from the Abode Rent Index. These figures are final.
This month in Chicago
As of October 2023, the median asking rent in Chicago, IL is $2,000 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 $2,334 median, while Justice is the most affordable at $1,372.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, October 2023
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| South Loop | $2,334 | $2,334 | $3,458 | -2.9% | — | — |
| Printers Row | $2,316 | — | — | -21.1% | — | — |
| Lakeview | $2,132 | $2,132 | — | +1.7% | — | — |
| Ohare | $1,770 | $1,770 | — | +4.1% | — | — |
| Westmontsuburb | $1,435 | — | — | -11.8% | — | — |
| Aurorasuburb | $1,410 | $1,410 | — | -27.8% | — | — |
| Justicesuburb | $1,372 | — | — | — | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology