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 $2,093 per month.
Advertised net-effective rent — asking less advertised concessions — is $2,076, a median discount of +0.8% ($17/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 $3,110 median, while Fulton Market is the most affordable at $1,169.
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 |
|---|---|---|---|---|---|---|
| Near North Side | $3,110 | — | — | -13.6% | — | — |
| Old Town | $2,722 | $2,634 | $3,827 | +3.3% | — | — |
| River North | $2,675 | $2,618 | $3,887 | -6.0% | — | — |
| Glenviewsuburb | $2,671 | — | — | +1.4% | — | — |
| River West | $2,648 | $2,648 | — | +20.4% | — | — |
| Streeterville | $2,520 | $2,562 | $4,104 | -4.8% | — | — |
| Bucktown | $2,495 | — | — | -5.3% | — | — |
| West Loop | $2,450 | $2,349 | $3,300 | -7.9% | — | — |
| Fulton River District | $2,376 | $2,370 | $3,559 | -6.4% | — | — |
| Lincoln Park | $2,360 | $2,623 | — | -22.1% | — | — |
| Evanstonsuburb | $2,347 | — | — | -19.9% | — | — |
| Printers Row | $2,316 | — | — | -23.8% | — | — |
| Lakeshore East | $2,281 | $2,357 | — | -22.2% | — | — |
| Loop | $2,254 | $2,242 | — | -3.9% | — | — |
| Gold Coast | $2,207 | $2,019 | $4,540 | -18.7% | — | — |
| South Loop | $2,199 | $2,220 | $3,432 | -11.3% | — | — |
| Arlington Heightssuburb | $2,108 | $1,832 | $2,198 | -1.2% | — | — |
| Oak Parksuburb | $2,107 | $2,098 | — | +2.3% | — | — |
| Woodridgesuburb | $2,086 | — | — | -4.7% | — | — |
| Lakeview | $2,055 | $2,146 | — | -2.1% | — | — |
| Palatinesuburb | $2,012 | — | $1,999 | -5.0% | — | — |
| Napervillesuburb | $2,010 | $1,750 | $2,278 | -8.2% | — | — |
| West Town | $1,996 | — | — | — | — | — |
| Wheelingsuburb | $1,880 | — | — | -1.8% | — | — |
| Ohare | $1,770 | $1,770 | — | -0.6% | — | — |
| Uptown | $1,568 | $1,650 | — | -9.0% | — | — |
| Edgewater | $1,535 | — | — | -9.4% | — | — |
| Aurorasuburb | $1,466 | $1,408 | — | -22.8% | — | — |
| Justicesuburb | $1,440 | — | — | — | — | — |
| Westmontsuburb | $1,436 | — | $1,463 | -6.8% | — | — |
| Hyde Park | $1,402 | $1,472 | — | -25.1% | — | — |
| Rogers Park | $1,375 | $1,375 | — | -28.1% | — | — |
| Illinois Medical District | $1,246 | $1,232 | — | -45.4% | — | — |
| Fulton Market | $1,169 | $1,169 | — | -61.9% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology