Chicago Rent Report — April 2024
A permanent record of Chicago rents for April 2024 from the Abode Rent Index. These figures are final.
This month in Chicago
As of April 2024, the median asking rent in Chicago, IL is $2,212 per month.
Advertised net-effective rent — asking less advertised concessions — is $2,197, 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.
Old Town is the most expensive area tracked at $3,191 median, while Justice is the most affordable at $1,295.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, April 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Old Town | $3,191 | $3,191 | $4,599 | +36.6% | — | — |
| Fulton Market | $3,022 | $3,101 | $4,261 | +5.1% | — | — |
| West Town | $2,871 | — | — | +22.2% | — | — |
| Near North Side | $2,808 | $2,809 | — | +31.3% | — | — |
| Evanstonsuburb | $2,762 | $2,657 | $4,015 | +2.2% | — | — |
| River North | $2,750 | $2,786 | $3,919 | +3.9% | — | — |
| Bucktown | $2,695 | $2,695 | $3,100 | -2.2% | — | — |
| Wicker Park | $2,695 | $2,665 | — | -0.7% | — | — |
| West Loop | $2,688 | $2,432 | $3,585 | +14.7% | — | — |
| Lakeshore East | $2,682 | $2,682 | $3,649 | +0.4% | — | — |
| Streeterville | $2,664 | $2,472 | $3,884 | +6.6% | — | — |
| Lincoln Park | $2,570 | $2,574 | $3,825 | -6.2% | — | — |
| Logan Square | $2,550 | $2,308 | $3,500 | -13.4% | — | — |
| South Loop | $2,437 | $2,356 | $3,253 | +2.1% | — | — |
| Fulton River District | $2,436 | $2,432 | $3,646 | -0.3% | — | — |
| Loop | $2,405 | $2,582 | $3,591 | -5.8% | — | — |
| Gold Coast | $2,400 | $2,282 | $3,218 | +5.5% | — | — |
| Lincolnwoodsuburb | $2,398 | — | — | -21.3% | — | — |
| River West | $2,304 | $2,464 | $3,873 | -3.6% | — | — |
| Lakeview | $2,283 | $2,249 | $2,888 | +0.2% | — | — |
| Oak Parksuburb | $2,270 | $2,106 | $3,356 | -9.2% | — | — |
| Ravenswood | $2,215 | $1,995 | $2,475 | +20.0% | — | — |
| Printers Row | $2,204 | $2,401 | — | -5.4% | — | — |
| Arlington Heightssuburb | $2,190 | $2,128 | $2,668 | +3.9% | — | — |
| Woodridgesuburb | $2,168 | — | $2,364 | +2.3% | — | — |
| Napervillesuburb | $2,041 | $1,792 | $2,261 | -7.1% | — | — |
| Illinois Medical District | $1,966 | $1,999 | — | -1.5% | — | — |
| Wheelingsuburb | $1,945 | $1,805 | — | -4.9% | — | — |
| Palatinesuburb | $1,925 | — | $1,925 | 0.0% | — | — |
| Aurorasuburb | $1,905 | — | $1,921 | -1.7% | — | — |
| Pilsen | $1,875 | — | — | +2.2% | — | — |
| Edgewater | $1,768 | $1,584 | $1,995 | +6.6% | — | — |
| Wheatonsuburb | $1,752 | $1,765 | — | -1.0% | — | — |
| Uptown | $1,750 | $1,775 | $3,322 | +9.3% | — | — |
| Hoffman Estatessuburb | $1,718 | $1,552 | — | +4.4% | — | — |
| Buena Park | $1,600 | $1,600 | — | -7.2% | — | — |
| Rogers Park | $1,550 | $1,359 | $2,015 | -12.3% | — | — |
| Ohare | $1,550 | $1,570 | — | +3.7% | — | — |
| Hyde Park | $1,522 | $1,494 | $2,422 | -25.7% | — | — |
| Westmontsuburb | $1,371 | $1,329 | — | — | — | — |
| Justicesuburb | $1,295 | — | $1,292 | -8.2% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology