Chicago Rent Report — July 2024
A permanent record of Chicago rents for July 2024 from the Abode Rent Index. These figures are final.
This month in Chicago
As of July 2024, the median asking rent in Chicago, IL is $2,150 per month, down +2.1% 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 La Grange Park (+11.8%), Printers Row (+10.3%), Lakeview (+7.0%).
Sheffield & DePaul is the most expensive area tracked at $4,500 median, while South Shore is the most affordable at $1,138.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, July 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Sheffield & DePaul | $4,500 | — | — | — | — | — |
| River West | $3,087 | — | $3,298 | +2.9% | — | — |
| West Loop | $3,000 | $2,400 | $3,175 | -11.2% | — | — |
| Streeterville | $3,000 | $2,350 | $3,550 | +31.9% | — | — |
| Libertyville | $3,000 | — | — | — | — | — |
| Wrigleyville | $2,850 | — | — | — | — | — |
| Downers Grove | $2,850 | — | — | — | — | — |
| University Village | $2,800 | — | — | — | — | — |
| Fulton River District | $2,775 | — | — | — | — | — |
| Napervillesuburb | $2,750 | — | $2,250 | -8.3% | — | — |
| West Town | $2,702 | $2,275 | $2,600 | +8.3% | — | — |
| Near West Side | $2,700 | $2,300 | $2,950 | -4.4% | — | — |
| River North | $2,700 | $2,400 | $3,500 | +2.9% | — | — |
| Schaumburgsuburb | $2,700 | — | — | — | — | — |
| Wicker Park | $2,698 | — | $2,650 | -1.9% | — | — |
| Bucktown | $2,695 | — | $2,648 | — | — | — |
| Loop | $2,650 | $2,225 | $2,950 | -4.5% | — | — |
| Lincoln Square | $2,650 | — | — | — | — | — |
| Printers Row | $2,618 | $2,618 | $3,199 | +2.2% | +10.3% | — |
| Near North Side | $2,600 | $2,300 | $3,498 | -2.4% | — | — |
| North Center | $2,600 | $2,148 | $2,748 | +13.0% | — | — |
| Near South Side | $2,600 | $2,100 | $2,750 | -1.0% | — | — |
| East Village | $2,600 | — | — | — | — | — |
| Ravenswood | $2,525 | — | — | — | — | — |
| Mckinley Park | $2,510 | — | — | — | — | — |
| Hoffman Estatessuburb | $2,500 | — | — | — | — | — |
| Little Italy | $2,450 | — | $2,475 | +16.7% | — | — |
| South Loop | $2,440 | $2,440 | $3,316 | +2.4% | -2.3% | — |
| Lincoln Park | $2,400 | $2,250 | $2,500 | -25.0% | — | — |
| Wheatonsuburb | $2,388 | — | — | — | — | — |
| Des Plainessuburb | $2,375 | — | — | — | — | — |
| Ukrainian Village | $2,339 | — | $2,150 | — | — | — |
| Old Town | $2,300 | — | — | -22.2% | — | — |
| Oak Parksuburb | $2,300 | — | — | — | — | — |
| Palatinesuburb | $2,200 | — | — | — | — | — |
| Arlington Heightssuburb | $2,196 | — | — | — | — | — |
| Lake View | $2,175 | $1,800 | $2,500 | -16.3% | — | — |
| Evanstonsuburb | $2,173 | — | $2,373 | -11.3% | — | — |
| Lincolnwoodsuburb | $2,169 | $2,169 | — | -1.1% | — | — |
| Bronzeville | $2,125 | — | — | -15.0% | — | — |
| Grand Boulevard | $2,125 | — | — | -15.8% | — | — |
| Logan Square | $2,100 | $1,907 | $2,100 | -5.6% | — | — |
| Gold Coast | $2,100 | — | — | -30.0% | — | — |
| Lakeview | $2,100 | $2,100 | $3,690 | -8.5% | +7.0% | — |
| Aurorasuburb | $2,080 | — | $2,080 | +28.6% | — | — |
| Avondale | $2,048 | — | $1,912 | — | — | — |
| Austin | $2,000 | — | — | — | — | — |
| Hyde Park | $1,925 | — | — | — | — | — |
| Woodridgesuburb | $1,890 | — | $2,467 | -15.9% | — | — |
| Buena Park | $1,875 | $1,863 | — | — | — | — |
| Warrenvillesuburb | $1,824 | — | — | — | — | — |
| Portage Park | $1,800 | — | $1,895 | +4.5% | — | — |
| Woodlawn | $1,800 | — | — | — | — | — |
| Irving Park | $1,750 | — | $1,700 | — | — | — |
| Albany Park | $1,725 | — | — | — | — | — |
| Rogers Park | $1,700 | $1,575 | $1,800 | +9.7% | — | — |
| Garfield Park | $1,700 | — | — | — | — | — |
| West Ridge | $1,675 | — | — | -5.0% | — | — |
| Edgewater | $1,640 | $1,750 | $1,995 | +20.6% | — | — |
| Lower West Side | $1,638 | — | $1,650 | — | — | — |
| Humboldt Park | $1,638 | — | — | — | — | — |
| Uptown | $1,635 | $1,600 | $2,350 | -11.0% | — | — |
| Pilsen | $1,625 | — | $1,638 | — | — | — |
| Bridgeport | $1,623 | — | — | — | — | — |
| Auburn Gresham | $1,558 | — | — | — | — | — |
| La Grange Parksuburb | $1,504 | — | — | +8.5% | +11.8% | — |
| Ohare | $1,500 | $1,500 | $2,012 | +1.7% | +2.9% | — |
| Westmontsuburb | $1,433 | $1,433 | — | -7.7% | — | — |
| Justicesuburb | $1,278 | — | $1,278 | — | — | — |
| South Shore | $1,138 | — | — | — | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology