Chicago Rent Report — January 2024
A permanent record of Chicago rents for January 2024 from the Abode Rent Index. These figures are final.
This month in Chicago
As of January 2024, the median asking rent in Chicago, IL is $2,200 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 $2,705 median, while Justice is the most affordable at $1,270.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, January 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| South Loop | $2,705 | $2,705 | $3,564 | +15.9% | — | — |
| Printers Row | $2,283 | $2,283 | — | +3.1% | — | — |
| Woodridgesuburb | $2,190 | — | $2,190 | — | — | — |
| Lakeview | $2,090 | $2,090 | $3,049 | +4.6% | — | — |
| Lake Bluffsuburb | $1,830 | — | — | — | — | — |
| Aurorasuburb | $1,808 | — | $1,808 | +2.9% | — | — |
| Ohare | $1,650 | $1,650 | $1,970 | +7.0% | — | — |
| Westmontsuburb | $1,367 | — | $1,367 | — | — | — |
| Justicesuburb | $1,270 | — | $1,270 | +25.1% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology