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 $2,230 per month, up +7.5% from a year earlier.
Advertised net-effective rent — asking less advertised concessions — is $2,224, a median discount of +0.3% ($6/month) off asking.
In Chicago right now, the average listing leases in 16 days and 4,903 rentals are actively listed.
Fulton Market is the most expensive area tracked at $3,045 median, while Humboldt Park is the most affordable at $1,154.
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 |
|---|---|---|---|---|---|---|
| Fulton Market | $3,045 | $3,045 | $4,260 | +4.2% | — | — |
| Old Town | $2,992 | $3,036 | $4,402 | +3.2% | — | — |
| Lincoln Square | $2,898 | — | — | — | — | — |
| River North | $2,858 | $2,740 | $4,234 | +3.2% | — | — |
| Lincoln Park | $2,802 | $2,549 | $4,310 | +25.7% | — | — |
| Streeterville | $2,767 | $2,660 | $4,632 | +3.4% | — | — |
| West Town | $2,689 | — | $2,448 | +10.2% | — | — |
| Wicker Park | $2,675 | $2,675 | — | +12.6% | — | — |
| Loop | $2,644 | $2,212 | $3,913 | +11.0% | — | — |
| Printers Row | $2,643 | $2,618 | $3,199 | +8.3% | — | — |
| River West | $2,643 | $2,643 | $3,756 | -19.6% | — | — |
| Lakeshore East | $2,592 | $2,633 | $3,818 | -3.6% | — | — |
| Fulton River District | $2,573 | $2,560 | $3,653 | +14.1% | — | — |
| Near North Side | $2,553 | $2,682 | — | -14.9% | — | — |
| Near West Side | $2,495 | — | — | — | — | — |
| South Loop | $2,445 | $2,467 | $3,379 | -1.3% | — | — |
| West Loop | $2,395 | $2,644 | $3,795 | -5.8% | — | — |
| Evanstonsuburb | $2,365 | $2,699 | $3,495 | +1.8% | — | — |
| Oak Parksuburb | $2,296 | $2,201 | $3,225 | +9.4% | — | — |
| Bucktown | $2,294 | — | — | -10.2% | — | — |
| Logan Square | $2,264 | $2,180 | $2,652 | -9.1% | — | — |
| Arlington Heightssuburb | $2,260 | $1,986 | $2,598 | +9.0% | — | — |
| Lake View | $2,195 | — | — | -18.7% | — | — |
| Palatinesuburb | $2,195 | — | $2,195 | -7.5% | — | — |
| Woodridgesuburb | $2,194 | — | $2,467 | +3.7% | — | — |
| Lincolnwoodsuburb | $2,194 | $2,169 | $2,899 | -7.4% | — | — |
| Lakeview | $2,154 | $2,142 | $3,690 | -2.8% | — | — |
| Aurorasuburb | $2,144 | — | $2,155 | +26.5% | — | — |
| Gold Coast | $2,140 | $2,191 | $3,597 | -2.8% | — | — |
| Wheelingsuburb | $2,035 | — | — | -6.7% | — | — |
| Warrenvillesuburb | $2,016 | — | — | — | — | — |
| Ravenswood | $1,955 | — | $2,246 | +14.9% | — | — |
| Pilsen | $1,929 | $1,990 | — | +1.0% | — | — |
| Napervillesuburb | $1,904 | $1,755 | $2,132 | -7.9% | — | — |
| Wheatonsuburb | $1,852 | $1,665 | — | +3.3% | — | — |
| Buena Park | $1,818 | $1,612 | — | +21.2% | — | — |
| Lislesuburb | $1,770 | $1,647 | — | -9.9% | — | — |
| Hoffman Estatessuburb | $1,762 | $1,660 | $1,872 | +8.9% | — | — |
| Albany Park | $1,725 | — | — | 0.0% | — | — |
| Illinois Medical District | $1,710 | $1,275 | — | -19.0% | — | — |
| Rogers Park | $1,621 | $1,516 | $2,088 | -14.1% | — | — |
| Hyde Park | $1,618 | $1,514 | $2,382 | -2.1% | — | — |
| Uptown | $1,600 | $1,650 | $2,095 | -6.4% | — | — |
| La Grange Parksuburb | $1,570 | — | — | +10.7% | — | — |
| Edgewater | $1,554 | $1,532 | $2,604 | +3.0% | — | — |
| Ohare | $1,540 | $1,500 | $2,012 | +4.1% | — | — |
| Bronzeville | $1,480 | $1,457 | — | -7.5% | — | — |
| Westmontsuburb | $1,474 | $1,454 | — | -5.6% | — | — |
| Justicesuburb | $1,270 | $1,085 | $1,278 | — | — | — |
| Humboldt Park | $1,154 | — | — | — | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology