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 $2,200 per month, down +2.9% from a year earlier.
In Chicago right now, the average listing leases in 15 days and 9,301 rentals are actively listed.
River North is the most expensive area tracked at $3,498 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, May 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| River North | $3,498 | — | — | — | — | — |
| Near North Side | $3,375 | — | $3,498 | +38.0% | — | — |
| Lake View | $3,000 | — | — | — | — | — |
| Loop | $2,800 | — | — | — | — | — |
| Printers Row | $2,741 | $2,741 | $3,772 | +14.2% | — | — |
| West Town | $2,600 | — | — | — | — | — |
| South Loop | $2,477 | $2,477 | $3,202 | +6.3% | — | — |
| Woodridgesuburb | $2,391 | $1,990 | $2,391 | +1.1% | — | — |
| Lincolnwoodsuburb | $2,298 | $2,298 | $3,230 | +11.8% | — | — |
| Lakeview | $2,160 | $2,160 | $2,985 | -0.6% | — | — |
| Logan Square | $2,145 | — | — | — | — | — |
| Aurorasuburb | $1,936 | — | $1,936 | -0.6% | — | — |
| Lake Bluffsuburb | $1,830 | — | $1,830 | — | — | — |
| Rogers Park | $1,700 | — | — | -8.6% | — | — |
| Westmontsuburb | $1,541 | $1,541 | $1,951 | +19.7% | — | — |
| Ohare | $1,505 | $1,505 | $1,995 | -2.9% | — | — |
| Justicesuburb | $1,295 | — | $1,295 | +0.2% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology