Chicago Rent Report — May 2024
A permanent record of Chicago rents for May 2024 from the Abode Rent Index. These figures are final.
This month in Chicago
As of May 2024, the median asking rent in Chicago, IL is $2,330 per month.
Advertised net-effective rent — asking less advertised concessions — is $2,309, a median discount of +0.9% ($21/month) off asking.
In Chicago right now, the average listing leases in 16 days and 4,903 rentals are actively listed.
Near North Side is the most expensive area tracked at $3,140 median, while Justice is the most affordable at $1,288.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, May 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Near North Side | $3,140 | $3,135 | $4,257 | +11.8% | — | — |
| Fulton Market | $2,949 | $2,804 | $4,105 | -4.8% | — | — |
| Old Town | $2,945 | $3,130 | $4,591 | -5.6% | — | — |
| River West | $2,886 | $2,972 | $3,756 | +20.9% | — | — |
| Lakeshore East | $2,876 | $2,939 | $4,224 | +8.7% | — | — |
| West Town | $2,841 | — | $3,900 | -1.0% | — | — |
| West Loop | $2,798 | $2,802 | $4,070 | +5.2% | — | — |
| River North | $2,794 | $2,773 | $4,354 | +0.8% | — | — |
| Lincolnwoodsuburb | $2,779 | $2,289 | $3,158 | +26.8% | — | — |
| Streeterville | $2,727 | $2,846 | $4,166 | +2.9% | — | — |
| Bucktown | $2,605 | — | — | -3.3% | — | — |
| Printers Row | $2,561 | $2,741 | $3,765 | +16.2% | — | — |
| Lincoln Park | $2,541 | $2,601 | $4,234 | -6.5% | — | — |
| South Loop | $2,530 | $2,480 | $3,245 | +4.8% | — | — |
| Evanstonsuburb | $2,525 | $2,525 | $4,063 | -10.1% | — | — |
| Fulton River District | $2,426 | $2,460 | $3,784 | -0.4% | — | — |
| Wicker Park | $2,400 | $2,550 | — | -10.4% | — | — |
| Loop | $2,391 | $2,509 | $3,543 | -0.2% | — | — |
| Des Plainessuburb | $2,385 | — | — | — | — | — |
| Lakeview | $2,377 | $2,232 | $3,029 | +3.6% | — | — |
| Arlington Heightssuburb | $2,352 | $1,965 | $2,580 | +7.4% | — | — |
| Mount Prospectsuburb | $2,346 | — | — | — | — | — |
| Glenviewsuburb | $2,337 | — | — | — | — | — |
| Logan Square | $2,314 | $2,302 | — | -9.3% | — | — |
| Gold Coast | $2,295 | $2,258 | $3,906 | -4.2% | — | — |
| Illinois Medical District | $2,254 | $2,254 | $2,884 | +6.7% | — | — |
| Napervillesuburb | $2,250 | $1,850 | $2,410 | +8.2% | — | — |
| Woodridgesuburb | $2,229 | $1,990 | $2,391 | +2.8% | — | — |
| Oak Parksuburb | $2,212 | $2,197 | $3,054 | -3.1% | — | — |
| Palatinesuburb | $2,175 | $2,094 | $2,175 | +16.3% | — | — |
| Pilsen | $2,158 | — | — | +15.1% | — | — |
| Lislesuburb | $2,059 | $1,906 | $2,197 | — | — | — |
| Aurorasuburb | $1,955 | — | $1,955 | +2.6% | — | — |
| Wheatonsuburb | $1,950 | $1,828 | $2,078 | +11.3% | — | — |
| Ravenswood | $1,895 | — | — | -14.4% | — | — |
| Wheelingsuburb | $1,895 | $1,825 | $2,365 | -2.6% | — | — |
| Albany Park | $1,838 | — | — | — | — | — |
| Hoffman Estatessuburb | $1,830 | $1,658 | $1,930 | +6.5% | — | — |
| Lake Bluffsuburb | $1,830 | — | $1,830 | — | — | — |
| Uptown | $1,775 | $2,086 | $2,995 | +0.1% | — | — |
| Buena Park | $1,720 | $1,638 | $2,012 | +7.5% | — | — |
| Edgewater | $1,673 | $1,673 | $2,176 | -5.4% | — | — |
| Hyde Park | $1,589 | $1,448 | $1,850 | +4.4% | — | — |
| Rogers Park | $1,557 | $1,386 | $2,100 | +0.5% | — | — |
| Westmontsuburb | $1,547 | $1,547 | $1,848 | +12.8% | — | — |
| Bronzeville | $1,504 | $1,523 | — | — | — | — |
| Ohare | $1,442 | $1,505 | $1,995 | -7.0% | — | — |
| Justicesuburb | $1,288 | — | $1,288 | -0.5% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology