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 $2,114 per month.
Advertised net-effective rent — asking less advertised concessions — is $2,098, a median discount of +0.8% ($16/month) off asking.
In Chicago right now, the average listing leases in 16 days and 4,903 rentals are actively listed.
Fulton Market is the most expensive area tracked at $3,610 median, while Justice is the most affordable at $1,180.
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 |
|---|---|---|---|---|---|---|
| Fulton Market | $3,610 | — | — | — | — | — |
| Wicker Park | $3,195 | — | — | +32.9% | — | — |
| Old Town | $3,093 | $3,093 | $4,250 | +23.3% | — | — |
| Oak Parksuburb | $2,996 | — | $3,178 | +36.3% | — | — |
| Logan Square | $2,890 | — | — | +11.5% | — | — |
| Evanstonsuburb | $2,728 | — | $2,782 | +14.9% | — | — |
| Lakeshore East | $2,600 | $2,476 | $3,562 | +3.4% | — | — |
| South Loop | $2,600 | $2,544 | $3,490 | +14.8% | — | — |
| Near North Side | $2,581 | $2,975 | — | +5.3% | — | — |
| River North | $2,575 | $2,486 | $3,839 | -9.4% | — | — |
| Fulton River District | $2,547 | — | — | +11.9% | — | — |
| Streeterville | $2,518 | $2,398 | $4,050 | +2.9% | — | — |
| Lakeview | $2,388 | $2,170 | $3,087 | +16.6% | — | — |
| Printers Row | $2,283 | $2,283 | — | +3.1% | — | — |
| West Loop | $2,274 | $2,386 | $3,340 | +49.5% | — | — |
| Loop | $2,242 | $2,242 | $3,656 | +4.3% | — | — |
| River West | $2,237 | $2,379 | — | +22.3% | — | — |
| Lincoln Park | $2,161 | $2,161 | $3,900 | -27.6% | — | — |
| Gold Coast | $2,150 | $2,203 | $4,141 | +3.6% | — | — |
| Illinois Medical District | $2,146 | — | — | +11.4% | — | — |
| Woodridgesuburb | $2,142 | — | $2,237 | — | — | — |
| Napervillesuburb | $1,938 | $1,730 | $2,237 | +3.0% | — | — |
| Arlington Heightssuburb | $1,922 | $1,704 | $2,421 | +2.3% | — | — |
| Ravenswood | $1,845 | $1,845 | $1,825 | -4.8% | — | — |
| Lake Bluffsuburb | $1,830 | — | — | — | — | — |
| Aurorasuburb | $1,827 | — | $1,827 | +9.9% | — | — |
| Lislesuburb | $1,763 | $1,727 | — | — | — | — |
| Rogers Park | $1,750 | $1,490 | — | -2.8% | — | — |
| Hyde Park | $1,705 | $1,499 | $3,068 | +18.0% | — | — |
| Ohare | $1,640 | $1,645 | $1,970 | +6.4% | — | — |
| Uptown | $1,506 | $1,576 | $1,975 | +13.2% | — | — |
| Hoffman Estatessuburb | $1,395 | — | — | — | — | — |
| Westmontsuburb | $1,367 | — | $1,367 | — | — | — |
| Edgewater | $1,340 | $1,586 | — | -17.6% | — | — |
| Justicesuburb | $1,180 | — | $1,270 | +6.3% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology