Chicago Rent Report — June 2024
A permanent record of Chicago rents for June 2024 from the Abode Rent Index. These figures are final.
This month in Chicago
As of June 2024, the median asking rent in Chicago, IL is $2,197 per month, up +1.5% from a year earlier.
Advertised net-effective rent — asking less advertised concessions — is $2,182, a median discount of +0.7% ($15/month) off asking.
In Chicago right now, the average listing leases in 15 days and 7,277 rentals are actively listed.
The fastest-rising neighborhoods year over year are O'Hare (+3.5%), South Loop (-10.9%).
River West is the most expensive area tracked at $3,286 median, while La Grange Park is the most affordable at $1,403.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, June 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| River West | $3,286 | — | $3,390 | +18.5% | — | — |
| Old Town | $2,900 | $2,999 | $4,345 | -1.4% | — | — |
| Fulton Market | $2,886 | $2,850 | — | -3.3% | — | — |
| Near North Side | $2,849 | $2,787 | $4,300 | -12.3% | — | — |
| Ukrainian Village | $2,740 | — | — | — | — | — |
| Streeterville | $2,685 | $2,720 | $3,944 | -1.2% | — | — |
| Lakeshore East | $2,642 | $2,632 | $3,965 | -8.1% | — | — |
| West Loop | $2,602 | $2,668 | $3,761 | -8.9% | — | — |
| River North | $2,595 | $2,813 | $4,454 | -6.2% | — | — |
| Bucktown | $2,554 | $2,554 | — | -2.0% | — | — |
| Lake View | $2,500 | — | $2,423 | -17.2% | — | — |
| Printers Row | $2,497 | $2,562 | — | -5.3% | — | — |
| Logan Square | $2,467 | $2,345 | — | +6.6% | — | — |
| West Town | $2,463 | $2,390 | — | -13.3% | — | — |
| South Loop | $2,433 | $2,395 | $3,132 | -1.0% | -10.9% | — |
| Loop | $2,402 | $2,454 | $3,650 | +0.5% | — | — |
| Wicker Park | $2,375 | — | — | -1.0% | — | — |
| Evanstonsuburb | $2,355 | $2,331 | $3,650 | -7.3% | — | — |
| Lincolnwoodsuburb | $2,289 | $2,208 | $2,962 | -3.7% | — | — |
| Fulton River District | $2,256 | $2,600 | $3,599 | -7.0% | — | — |
| Lakeview | $2,251 | $2,291 | $3,016 | +0.1% | — | — |
| Oak Parksuburb | $2,234 | $2,282 | — | -4.6% | — | — |
| Lincoln Park | $2,231 | $2,252 | $4,365 | -6.3% | — | — |
| Wheelingsuburb | $2,180 | $1,968 | $2,250 | +15.0% | — | — |
| Woodridgesuburb | $2,176 | — | — | -5.5% | — | — |
| Palatinesuburb | $2,175 | — | $2,175 | +6.0% | — | — |
| Gold Coast | $2,155 | $2,212 | $3,550 | -6.1% | — | — |
| Illinois Medical District | $2,153 | $2,112 | — | +0.6% | — | — |
| Arlington Heightssuburb | $2,073 | $1,988 | $2,196 | -11.9% | — | — |
| Napervillesuburb | $2,067 | $1,802 | $2,199 | -6.4% | — | — |
| Lislesuburb | $1,964 | — | — | +0.6% | — | — |
| Pilsen | $1,910 | $2,194 | — | -11.5% | — | — |
| Rogers Park | $1,824 | $1,563 | $2,454 | +17.1% | — | — |
| Wheatonsuburb | $1,792 | $1,775 | — | -8.1% | — | — |
| Schaumburgsuburb | $1,745 | — | $1,745 | — | — | — |
| Albany Park | $1,725 | — | $1,725 | -6.1% | — | — |
| Uptown | $1,703 | $1,710 | $2,560 | -3.0% | — | — |
| Ravenswood | $1,701 | $1,670 | — | -10.2% | — | — |
| Aurorasuburb | $1,659 | $1,617 | $2,068 | -14.7% | — | — |
| Hyde Park | $1,652 | $1,549 | $1,894 | +4.0% | — | — |
| Hoffman Estatessuburb | $1,618 | $1,595 | $1,860 | -11.6% | — | — |
| Bronzeville | $1,600 | — | — | +6.4% | — | — |
| Westmontsuburb | $1,557 | — | — | +0.8% | — | — |
| Buena Park | $1,500 | $1,500 | — | -12.8% | — | — |
| O'Hare | $1,478 | $1,475 | — | +0.5% | +3.5% | — |
| Edgewater | $1,451 | $1,570 | $2,415 | -13.3% | — | — |
| La Grange Parksuburb | $1,403 | — | — | — | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology