Chicago Rent Report — November 2023
A permanent record of Chicago rents for November 2023 from the Abode Rent Index. These figures are final.
This month in Chicago
As of November 2023, the median asking rent in Chicago, IL is $2,355 per month.
Advertised net-effective rent — asking less advertised concessions — is $2,317, a median discount of +1.6% ($38/month) off asking.
In Chicago right now, the average listing leases in 16 days and 4,903 rentals are actively listed.
Bucktown is the most expensive area tracked at $3,951 median, while Rogers Park is the most affordable at $1,250.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, November 2023
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Bucktown | $3,951 | — | — | +40.1% | — | — |
| Near North Side | $3,581 | — | — | +15.1% | — | — |
| Old Town | $3,534 | $2,460 | $3,808 | +34.0% | — | — |
| West Loop | $2,770 | $2,534 | $3,110 | +11.8% | — | — |
| Lincoln Park | $2,750 | $2,550 | $4,370 | +12.5% | — | — |
| River West | $2,721 | — | — | +2.8% | — | — |
| Streeterville | $2,591 | $2,587 | $4,129 | +2.1% | — | — |
| Loop | $2,582 | $2,501 | $3,079 | +13.7% | — | — |
| River North | $2,575 | $2,653 | $3,722 | -0.4% | — | — |
| Lakeshore East | $2,404 | $2,482 | — | +3.8% | — | — |
| Oak Parksuburb | $2,308 | $2,308 | $2,824 | +9.5% | — | — |
| South Loop | $2,268 | $2,232 | $3,153 | +1.4% | — | — |
| Deerfieldsuburb | $2,246 | $2,144 | $2,566 | — | — | — |
| West Town | $2,182 | $2,278 | — | +11.0% | — | — |
| Warrenvillesuburb | $2,084 | — | $2,084 | — | — | — |
| Lakeview | $2,020 | $2,200 | — | -1.7% | — | — |
| Gold Coast | $1,995 | $2,040 | $3,482 | -10.0% | — | — |
| Wheelingsuburb | $1,930 | — | — | +2.7% | — | — |
| Arlington Heightssuburb | $1,927 | $1,728 | $2,342 | -12.5% | — | — |
| Edgewater | $1,854 | — | — | +14.3% | — | — |
| Napervillesuburb | $1,809 | $1,621 | $2,070 | -10.0% | — | — |
| Hoffman Estatessuburb | $1,795 | — | $1,885 | — | — | — |
| Wheatonsuburb | $1,770 | — | — | — | — | — |
| Evanstonsuburb | $1,758 | — | — | -20.8% | — | — |
| Pilsen | $1,589 | — | — | — | — | — |
| Ohare | $1,580 | $1,552 | — | -10.7% | — | — |
| Aurorasuburb | $1,540 | $1,388 | — | +5.0% | — | — |
| Uptown | $1,496 | $1,600 | $2,200 | -2.7% | — | — |
| Justicesuburb | $1,445 | — | $1,290 | +0.3% | — | — |
| Rogers Park | $1,250 | $1,199 | $2,250 | -9.1% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology