Chicago Rent Report — March 2024
A permanent record of Chicago rents for March 2024 from the Abode Rent Index. These figures are final.
This month in Chicago
As of March 2024, the median asking rent in Chicago, IL is $2,179 per month.
Advertised net-effective rent — asking less advertised concessions — is $2,152, a median discount of +1.2% ($27/month) off asking.
In Chicago right now, the average listing leases in 16 days and 4,903 rentals are actively listed.
Logan Square is the most expensive area tracked at $3,096 median, while Justice is the most affordable at $1,410.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, March 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Logan Square | $3,096 | — | $3,293 | +9.2% | — | — |
| Lincolnwoodsuburb | $3,094 | — | $3,109 | — | — | — |
| Fulton Market | $2,875 | $2,785 | $3,805 | +12.7% | — | — |
| Lincoln Park | $2,834 | $2,625 | $4,152 | +2.0% | — | — |
| Wicker Park | $2,795 | $2,795 | $3,965 | +14.6% | — | — |
| Bucktown | $2,755 | $2,738 | $3,225 | -6.4% | — | — |
| Evanstonsuburb | $2,702 | $2,855 | — | +20.4% | — | — |
| River North | $2,683 | $2,648 | $3,928 | 0.0% | — | — |
| Lakeshore East | $2,650 | $2,621 | $3,665 | +8.2% | — | — |
| Loop | $2,626 | $2,581 | $3,348 | +13.5% | — | — |
| Streeterville | $2,575 | $2,568 | $4,575 | -1.9% | — | — |
| Ukrainian Village | $2,540 | — | — | — | — | — |
| Oak Parksuburb | $2,500 | $2,252 | $3,463 | +4.6% | — | — |
| Old Town | $2,471 | $2,939 | $3,222 | -21.2% | — | — |
| Fulton River District | $2,444 | $2,438 | — | +3.3% | — | — |
| South Loop | $2,432 | $2,377 | $3,212 | +7.9% | — | — |
| River West | $2,414 | $2,556 | — | -4.8% | — | — |
| Gold Coast | $2,383 | $2,386 | $3,356 | -0.6% | — | — |
| West Town | $2,350 | — | — | — | — | — |
| Printers Row | $2,329 | $2,358 | — | -0.3% | — | — |
| West Loop | $2,311 | $2,326 | $3,433 | -16.0% | — | — |
| Lakeview | $2,279 | $2,115 | $3,194 | -10.0% | — | — |
| Near North Side | $2,247 | $2,914 | — | -20.2% | — | — |
| Schaumburgsuburb | $2,245 | — | $2,245 | — | — | — |
| Deerfieldsuburb | $2,231 | — | — | — | — | — |
| Napervillesuburb | $2,211 | $1,765 | $2,263 | +10.0% | — | — |
| Woodridgesuburb | $2,120 | — | $2,268 | +1.1% | — | — |
| Arlington Heightssuburb | $2,108 | $2,004 | $2,534 | +12.7% | — | — |
| Hyde Park | $2,048 | $1,573 | $2,347 | +9.8% | — | — |
| Wheelingsuburb | $2,045 | — | $2,040 | +9.8% | — | — |
| Des Plainessuburb | $2,044 | — | — | — | — | — |
| Illinois Medical District | $1,996 | $1,892 | $3,079 | +9.9% | — | — |
| Aurorasuburb | $1,938 | — | $1,938 | +5.0% | — | — |
| Palatinesuburb | $1,925 | $1,695 | $1,925 | -0.6% | — | — |
| Ravenswood | $1,846 | $1,720 | $2,574 | +5.7% | — | — |
| Pilsen | $1,835 | — | — | -29.3% | — | — |
| Wheatonsuburb | $1,770 | $1,620 | $2,420 | — | — | — |
| Rogers Park | $1,767 | $1,852 | $2,200 | -9.9% | — | — |
| Buena Park | $1,725 | — | — | — | — | — |
| Edgewater | $1,659 | $1,602 | $1,872 | +22.9% | — | — |
| Hoffman Estatessuburb | $1,645 | $1,665 | — | +17.9% | — | — |
| Uptown | $1,615 | $1,641 | $2,964 | +3.2% | — | — |
| Ohare | $1,495 | $1,500 | — | -13.8% | — | — |
| Lincoln Square | $1,450 | $1,697 | — | — | — | — |
| Justicesuburb | $1,410 | — | $1,410 | +11.9% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology