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 $2,312 per month.
Advertised net-effective rent — asking less advertised concessions — is $2,297, a median discount of +0.6% ($15/month) off asking.
In Chicago right now, the average listing leases in 16 days and 4,903 rentals are actively listed.
River West is the most expensive area tracked at $3,286 median, while La Grange Park is the most affordable at $1,418.
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% | — | — |
| Near North Side | $3,000 | $3,210 | $4,300 | -4.5% | — | — |
| Old Town | $2,900 | $2,999 | $4,345 | -1.4% | — | — |
| Fulton Market | $2,886 | $2,850 | — | -3.3% | — | — |
| River North | $2,760 | $2,813 | $4,454 | -0.3% | — | — |
| Ukrainian Village | $2,740 | — | — | — | — | — |
| Lake View | $2,700 | — | — | — | — | — |
| 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% | — | — |
| Bucktown | $2,554 | $2,554 | — | -2.0% | — | — |
| Logan Square | $2,491 | $2,345 | — | +7.6% | — | — |
| South Loop | $2,476 | $2,406 | $3,150 | -0.4% | — | — |
| Printers Row | $2,441 | $2,562 | — | -4.7% | — | — |
| West Town | $2,440 | $2,390 | — | -14.1% | — | — |
| Loop | $2,383 | $2,454 | $3,650 | -0.3% | — | — |
| Wicker Park | $2,375 | — | — | -1.0% | — | — |
| Lincolnwoodsuburb | $2,369 | $2,219 | $2,962 | -7.9% | — | — |
| Evanstonsuburb | $2,355 | $2,331 | $3,650 | -7.3% | — | — |
| Fulton River District | $2,256 | $2,600 | $3,599 | -7.0% | — | — |
| Oak Parksuburb | $2,234 | $2,282 | — | -4.6% | — | — |
| Lincoln Park | $2,231 | $2,252 | $4,365 | -6.3% | — | — |
| Lakeview | $2,215 | $2,289 | $3,083 | -6.4% | — | — |
| Wheelingsuburb | $2,180 | $1,968 | $2,250 | +15.0% | — | — |
| 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% | — | — |
| Woodridgesuburb | $2,115 | — | — | -5.1% | — | — |
| 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 | $1,887 | $1,563 | $2,454 | +21.2% | — | — |
| 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 | $1,695 | $1,617 | $2,068 | -13.3% | — | — |
| 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 | $1,561 | — | — | +0.9% | — | — |
| Edgewater | $1,509 | $1,570 | $2,415 | -9.8% | — | — |
| Buena Park | $1,500 | $1,500 | — | -12.8% | — | — |
| Ohare | $1,480 | $1,475 | — | +2.6% | — | — |
| La Grange Parksuburb | $1,418 | — | — | — | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology