Chicago Rent Report — February 2024
A permanent record of Chicago rents for February 2024 from the Abode Rent Index. These figures are final.
This month in Chicago
As of February 2024, the median asking rent in Chicago, IL is $2,231 per month.
Advertised net-effective rent — asking less advertised concessions — is $2,216, a median discount of +0.7% ($15/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 $3,071 median, while Justice is the most affordable at $1,260.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, February 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Bucktown | $3,071 | $2,495 | $3,653 | — | — | — |
| Old Town | $2,995 | $2,949 | $4,422 | -6.3% | — | — |
| Lincoln Park | $2,820 | $2,722 | $4,212 | +29.6% | — | — |
| Logan Square | $2,696 | — | — | +1.8% | — | — |
| Near North Side | $2,680 | $2,767 | — | +3.8% | — | — |
| West Loop | $2,680 | $2,615 | $4,275 | +18.0% | — | — |
| Fulton Market | $2,656 | — | — | -29.4% | — | — |
| River North | $2,654 | $2,659 | $3,834 | +4.3% | — | — |
| Pilsen | $2,595 | — | — | — | — | — |
| Streeterville | $2,550 | $2,525 | $4,608 | +0.8% | — | — |
| Lakeview | $2,532 | $1,945 | $2,878 | +6.2% | — | — |
| River West | $2,500 | $2,532 | $3,518 | +11.8% | — | — |
| Lakeshore East | $2,464 | $2,469 | — | -2.7% | — | — |
| Gold Coast | $2,418 | $2,382 | $3,438 | +6.3% | — | — |
| Oak Parksuburb | $2,391 | — | $3,102 | -20.2% | — | — |
| Fulton River District | $2,367 | $2,398 | — | -7.1% | — | — |
| Evanstonsuburb | $2,365 | $2,370 | $2,365 | -17.7% | — | — |
| Wicker Park | $2,355 | — | — | -26.3% | — | — |
| Printers Row | $2,337 | — | $3,214 | +2.4% | — | — |
| Warrenvillesuburb | $2,259 | — | — | — | — | — |
| Loop | $2,252 | $2,240 | $3,600 | +1.2% | — | — |
| South Loop | $2,147 | $2,156 | $3,122 | -15.1% | — | — |
| Woodridgesuburb | $2,096 | $1,905 | $2,392 | -2.1% | — | — |
| Napervillesuburb | $2,001 | $1,850 | $2,094 | +8.5% | — | — |
| Rogers Park | $1,962 | $1,650 | $2,100 | +12.1% | — | — |
| Arlington Heightssuburb | $1,906 | $1,687 | $2,203 | -2.7% | — | — |
| Illinois Medical District | $1,886 | $1,822 | — | -12.5% | — | — |
| Hyde Park | $1,865 | $1,412 | $2,124 | +9.4% | — | — |
| Wheelingsuburb | $1,862 | $1,835 | $1,990 | — | — | — |
| Aurorasuburb | $1,846 | $1,609 | $1,864 | +1.0% | — | — |
| Ravenswood | $1,795 | $1,795 | — | +8.2% | — | — |
| Palatinesuburb | $1,775 | — | $1,825 | — | — | — |
| Andersonville | $1,750 | — | — | — | — | — |
| Ohare | $1,735 | $1,695 | $1,955 | +5.8% | — | — |
| Westmontsuburb | $1,559 | — | — | +14.0% | — | — |
| Uptown | $1,550 | $1,600 | $2,418 | +5.7% | — | — |
| Hoffman Estatessuburb | $1,395 | $1,395 | $1,730 | 0.0% | — | — |
| Edgewater | $1,350 | $1,666 | — | +0.7% | — | — |
| Justicesuburb | $1,260 | — | $1,260 | +6.8% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology