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 $2,375 per month.
In Chicago right now, the average listing leases in 13 days and 9,227 rentals are actively listed.
Printers Row is the most expensive area tracked at $2,337 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 |
|---|---|---|---|---|---|---|
| Printers Row | $2,337 | — | $3,214 | +2.4% | — | — |
| Lakeview | $2,295 | $1,868 | $2,832 | +9.8% | — | — |
| Warrenvillesuburb | $2,259 | — | — | — | — | — |
| Woodridgesuburb | $2,256 | — | $2,256 | +3.0% | — | — |
| South Loop | $2,147 | $2,147 | $3,096 | -20.6% | — | — |
| Aurorasuburb | $1,864 | $1,609 | $1,864 | +3.1% | — | — |
| Andersonville | $1,750 | — | — | — | — | — |
| Ohare | $1,700 | $1,700 | $1,950 | +3.0% | — | — |
| Justicesuburb | $1,260 | — | $1,260 | -0.8% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology