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 $2,200 per month, up +2.3% from a year earlier.
In Chicago right now, the average listing leases in 15 days and 9,301 rentals are actively listed.
The fastest-rising neighborhoods year over year are Ohare (+3.5%), South Loop (-10.9%).
West Loop is the most expensive area tracked at $3,378 median, while Edgewater is the most affordable at $1,360.
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 |
|---|---|---|---|---|---|---|
| West Loop | $3,378 | — | — | — | — | — |
| Lincoln Park | $3,198 | — | — | — | — | — |
| Napervillesuburb | $3,000 | — | — | — | — | — |
| Gold Coast | $3,000 | — | — | — | — | — |
| River West | $3,000 | — | — | — | — | — |
| Old Town | $2,956 | — | — | — | — | — |
| Near West Side | $2,825 | — | $2,850 | — | — | — |
| Loop | $2,775 | $2,150 | $3,325 | -0.9% | — | — |
| Wicker Park | $2,750 | — | — | — | — | — |
| Near North Side | $2,665 | $2,300 | $3,750 | -21.0% | — | — |
| River North | $2,625 | $2,300 | — | -25.0% | — | — |
| Near South Side | $2,625 | — | — | — | — | — |
| Lake View | $2,600 | $2,100 | $2,550 | -13.3% | — | — |
| Printers Row | $2,562 | $2,562 | — | -6.5% | — | — |
| Grand Boulevard | $2,525 | — | — | — | — | — |
| Bronzeville | $2,500 | — | — | — | — | — |
| West Town | $2,495 | $2,397 | $2,388 | -4.0% | — | — |
| Evanstonsuburb | $2,450 | — | — | — | — | — |
| South Loop | $2,382 | $2,382 | $3,110 | -3.8% | -10.9% | — |
| North Center | $2,300 | — | — | — | — | — |
| Lakeview | $2,294 | $2,294 | $2,938 | +6.2% | — | — |
| Streeterville | $2,275 | $2,200 | — | — | — | — |
| Woodridgesuburb | $2,248 | — | — | -6.0% | — | — |
| Logan Square | $2,225 | — | — | +3.7% | — | — |
| Lincolnwoodsuburb | $2,194 | $2,194 | $2,962 | -4.5% | — | — |
| Little Italy | $2,100 | — | — | — | — | — |
| Uptown | $1,838 | — | — | — | — | — |
| West Ridge | $1,763 | — | — | — | — | — |
| Portage Park | $1,723 | — | — | — | — | — |
| Aurorasuburb | $1,617 | $1,617 | $2,068 | -16.5% | — | — |
| Westmontsuburb | $1,552 | — | — | +0.7% | — | — |
| Rogers Park | $1,550 | $1,538 | $1,875 | -8.8% | — | — |
| Ohare | $1,475 | $1,475 | — | -2.0% | +3.5% | — |
| La Grange Parksuburb | $1,386 | — | — | — | — | — |
| Edgewater | $1,360 | $1,400 | — | — | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology