Chicago Rent Report — December 2023
A permanent record of Chicago rents for December 2023 from the Abode Rent Index. These figures are final.
This month in Chicago
As of December 2023, the median asking rent in Chicago, IL is $2,111 per month.
Advertised net-effective rent — asking less advertised concessions — is $2,062, a median discount of +2.3% ($49/month) off asking.
In Chicago right now, the average listing leases in 16 days and 4,903 rentals are actively listed.
Lincoln Park is the most expensive area tracked at $3,095 median, while Justice is the most affordable at $1,110.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, December 2023
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Lincoln Park | $3,095 | $3,060 | $3,789 | +8.0% | — | — |
| River North | $2,795 | $2,795 | $3,788 | +8.6% | — | — |
| Wicker Park | $2,700 | $2,700 | — | — | — | — |
| Logan Square | $2,592 | — | — | — | — | — |
| Lakeshore East | $2,539 | $2,475 | $3,618 | +3.7% | — | — |
| Old Town | $2,508 | $2,506 | — | -29.0% | — | — |
| Near North Side | $2,450 | — | — | -31.6% | — | — |
| Streeterville | $2,425 | $2,425 | $4,272 | -5.1% | — | — |
| Evanstonsuburb | $2,374 | — | — | +35.9% | — | — |
| Pilsen | $2,351 | — | — | +48.0% | — | — |
| South Loop | $2,290 | $2,317 | $3,040 | +1.3% | — | — |
| Fulton River District | $2,276 | $2,293 | — | — | — | — |
| Printers Row | $2,215 | — | — | — | — | — |
| Oak Parksuburb | $2,198 | $1,979 | — | -4.8% | — | — |
| Warrenvillesuburb | $2,181 | — | — | +4.7% | — | — |
| Loop | $2,122 | $2,113 | — | -17.2% | — | — |
| Lakeview | $2,085 | $2,015 | $3,034 | +1.2% | — | — |
| Gold Coast | $2,075 | $1,853 | $3,284 | +4.5% | — | — |
| West Town | $2,069 | — | — | -1.9% | — | — |
| Illinois Medical District | $1,985 | — | — | — | — | — |
| Arlington Heightssuburb | $1,878 | $1,734 | $2,195 | +1.8% | — | — |
| River West | $1,832 | — | — | -32.8% | — | — |
| Rogers Park | $1,800 | $1,595 | $2,250 | +44.0% | — | — |
| Napervillesuburb | $1,787 | $1,653 | $2,045 | -1.2% | — | — |
| Ravenswood | $1,695 | — | — | — | — | — |
| Aurorasuburb | $1,663 | $1,516 | $1,849 | +8.0% | — | — |
| Wheatonsuburb | $1,638 | $1,530 | — | -7.5% | — | — |
| Edgewater | $1,626 | $1,650 | — | -3.3% | — | — |
| Ohare | $1,542 | $1,525 | — | -2.4% | — | — |
| West Loop | $1,520 | $1,952 | $1,397 | -44.5% | — | — |
| Hyde Park | $1,487 | $1,359 | $1,908 | — | — | — |
| Uptown | $1,295 | $1,533 | — | -11.4% | — | — |
| Justicesuburb | $1,110 | — | — | -23.2% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology