Chicago Rent Report — August 2024
A permanent record of Chicago rents for August 2024 from the Abode Rent Index. These figures are final.
This month in Chicago
As of August 2024, the median asking rent in Chicago, IL is $2,040 per month.
In Chicago right now, the average listing leases in 13 days and 9,227 rentals are actively listed.
The fastest-rising neighborhoods year over year are Printers Row (+26.6%), Justice (-5.0%), Ohare (-5.9%).
Wilmette is the most expensive area tracked at $3,575 median, while South Shore is the most affordable at $1,150.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, August 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Wilmette | $3,575 | — | — | -11.2% | — | — |
| River West | $3,170 | — | $3,433 | -2.4% | — | — |
| Sheffield & DePaul | $3,000 | — | — | +14.4% | — | — |
| Streeterville | $2,950 | $2,225 | $3,725 | -0.8% | — | — |
| West Loop | $2,800 | $2,400 | $3,250 | -1.4% | — | — |
| Napervillesuburb | $2,800 | — | $2,350 | +2.8% | — | — |
| Fulton River District | $2,800 | — | — | 0.0% | — | — |
| Fulton Market | $2,790 | — | — | -9.3% | — | — |
| Dunning | $2,750 | — | $2,875 | -6.8% | — | — |
| Des Plainessuburb | $2,750 | — | — | +12.2% | — | — |
| Lakeshore East | $2,700 | — | — | +1.9% | — | — |
| Hoffman Estatessuburb | $2,700 | — | — | +8.0% | — | — |
| Rush & Division | $2,677 | — | — | +18.1% | — | — |
| United Center | $2,650 | — | — | +23.3% | — | — |
| Arlington Heightssuburb | $2,645 | — | — | +35.6% | — | — |
| Near West Side | $2,625 | $2,150 | $2,995 | +1.0% | — | — |
| Wicker Park | $2,600 | — | $2,550 | -7.1% | — | — |
| Loop | $2,593 | $2,170 | $3,600 | +4.8% | — | — |
| Evanstonsuburb | $2,548 | — | $2,000 | +23.5% | — | — |
| Lincoln Park | $2,500 | $2,225 | $2,875 | +0.1% | — | — |
| River North | $2,500 | $2,210 | $3,475 | -2.0% | — | — |
| Ravenswood | $2,500 | — | — | +31.9% | — | — |
| Near North Side | $2,450 | $2,200 | $3,500 | 0.0% | — | — |
| West Town | $2,400 | $1,923 | $2,600 | -8.2% | — | — |
| Near South Side | $2,400 | $2,000 | $2,500 | -4.0% | — | — |
| Ukrainian Village | $2,400 | — | — | +4.3% | — | — |
| Wrigleyville | $2,400 | — | — | -15.8% | — | — |
| Old Town | $2,398 | $2,350 | $3,498 | -3.9% | — | — |
| North Center | $2,395 | — | $2,150 | -0.4% | — | — |
| Grand Boulevard | $2,373 | — | — | -0.9% | — | — |
| Printers Row | $2,367 | $2,367 | — | -9.6% | +26.6% | — |
| South Loop | $2,343 | $2,343 | $2,882 | -4.0% | -13.1% | — |
| Bucktown | $2,300 | — | $2,600 | -16.4% | — | — |
| Mount Prospectsuburb | $2,300 | — | — | -11.5% | — | — |
| Belmont Cragin | $2,275 | — | $2,225 | +5.8% | — | — |
| Lake View | $2,250 | $1,813 | $2,650 | -2.2% | — | — |
| Bronzeville | $2,250 | — | — | +2.3% | — | — |
| River Grove | $2,250 | — | — | — | — | — |
| Lakeview | $2,203 | $2,203 | $3,616 | +4.9% | -7.0% | — |
| Lincolnwoodsuburb | $2,203 | $2,203 | — | +1.6% | — | — |
| Logan Square | $2,200 | $2,000 | $2,173 | +0.5% | — | — |
| Gold Coast | $2,200 | $2,200 | — | +5.6% | — | — |
| Schaumburgsuburb | $2,200 | — | $2,145 | -4.3% | — | — |
| Woodlawn | $2,125 | — | — | +14.9% | — | — |
| Warrenvillesuburb | $2,088 | — | $2,088 | +14.5% | — | — |
| Buena Park | $2,013 | $1,775 | — | +7.4% | — | — |
| Little Italy | $2,000 | — | $2,000 | -16.7% | — | — |
| Skokiesuburb | $2,000 | — | $1,974 | -11.1% | — | — |
| Albany Park | $2,000 | — | $1,975 | +14.3% | — | — |
| Aurorasuburb | $1,941 | $1,518 | $1,941 | -6.7% | -8.9% | — |
| Avondale | $1,900 | — | $1,900 | -2.8% | — | — |
| Pilsen | $1,900 | — | — | +15.2% | — | — |
| Irving Park | $1,873 | — | $1,775 | +13.5% | — | — |
| Woodridgesuburb | $1,860 | $1,860 | — | -1.6% | -14.7% | — |
| Lower West Side | $1,850 | — | $1,875 | +12.1% | — | — |
| Palatinesuburb | $1,850 | — | $1,850 | -22.9% | — | — |
| Bridgeport | $1,825 | — | — | +7.4% | — | — |
| Lincoln Square | $1,800 | $1,400 | $2,275 | -12.2% | — | — |
| Lislesuburb | $1,800 | — | — | — | — | — |
| Portage Park | $1,795 | — | $1,650 | +7.2% | — | — |
| Uptown | $1,750 | $1,600 | $2,375 | +2.2% | — | — |
| Boystown | $1,750 | — | — | -11.2% | — | — |
| West Ridge | $1,700 | $1,175 | $1,713 | +3.0% | — | — |
| East Garfield Park | $1,673 | — | — | — | — | — |
| Edgewater | $1,650 | $1,654 | $2,100 | 0.0% | — | — |
| Garfield Park | $1,625 | — | — | -1.5% | — | — |
| Humboldt Park | $1,600 | — | $1,550 | -5.8% | — | — |
| Rogers Park | $1,590 | $1,400 | $1,875 | -6.2% | — | — |
| Oak Parksuburb | $1,575 | — | — | -31.5% | — | — |
| Ohare | $1,485 | $1,485 | — | -1.0% | -5.9% | — |
| Hermosa | $1,438 | — | — | -5.7% | — | — |
| Hyde Park | $1,425 | — | — | -23.0% | — | — |
| Greater Grand Crossing | $1,375 | — | — | 0.0% | — | — |
| Grand Crossing | $1,375 | — | — | +1.9% | — | — |
| Austin | $1,350 | — | — | -28.9% | — | — |
| Chatham | $1,350 | — | — | — | — | — |
| Justicesuburb | $1,290 | $1,040 | $1,290 | +0.9% | -5.0% | — |
| South Lawndale | $1,250 | — | — | -7.4% | — | — |
| Little Village | $1,250 | — | — | -7.4% | — | — |
| Roseland | $1,200 | — | — | — | — | — |
| South Shore | $1,150 | $1,100 | $1,400 | +2.2% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology