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 $2,170 per month.
Advertised net-effective rent — asking less advertised concessions — is $2,153, a median discount of +0.8% ($17/month) off asking.
In Chicago right now, the average listing leases in 16 days and 4,903 rentals are actively listed.
Streeterville is the most expensive area tracked at $3,184 median, while Justice is the most affordable at $1,290.
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 |
|---|---|---|---|---|---|---|
| Streeterville | $3,184 | $2,980 | $4,940 | +15.1% | — | — |
| West Loop | $3,089 | $2,643 | $4,149 | +30.4% | — | — |
| Fulton Market | $2,860 | $2,864 | $4,002 | -6.9% | — | — |
| Lincoln Park | $2,774 | $2,661 | $4,650 | -2.0% | — | — |
| Near North Side | $2,766 | $2,275 | $3,469 | +8.3% | — | — |
| Old Town | $2,766 | $3,092 | $4,553 | -7.6% | — | — |
| Deerfieldsuburb | $2,725 | — | — | — | — | — |
| River North | $2,683 | $2,568 | $4,152 | -6.0% | — | — |
| Lakeshore East | $2,683 | $2,683 | $4,131 | +5.4% | — | — |
| Near West Side | $2,650 | — | $2,600 | +6.2% | — | — |
| Loop | $2,461 | $2,204 | $3,309 | -6.9% | — | — |
| Fulton River District | $2,457 | $2,535 | — | -4.5% | — | — |
| West Town | $2,443 | $2,000 | $2,837 | -9.1% | — | — |
| Evanstonsuburb | $2,419 | $2,555 | $3,375 | +2.0% | — | — |
| Near South Side | $2,398 | — | $2,500 | — | — | — |
| River West | $2,395 | $2,395 | — | -15.0% | — | — |
| Wicker Park | $2,386 | — | — | -14.8% | — | — |
| South Loop | $2,365 | $2,356 | $2,958 | -5.0% | — | — |
| Lake View | $2,295 | $1,813 | $2,400 | +4.6% | — | — |
| Bucktown | $2,250 | — | — | -1.9% | — | — |
| Printers Row | $2,248 | $2,367 | — | -14.9% | — | — |
| Logan Square | $2,227 | $2,180 | $2,552 | -2.3% | — | — |
| Lakeview | $2,213 | $2,216 | $3,616 | +2.7% | — | — |
| Lincolnwoodsuburb | $2,203 | $2,203 | — | -7.3% | — | — |
| Little Italy | $2,150 | — | — | — | — | — |
| Napervillesuburb | $2,148 | $1,692 | $2,344 | +11.1% | — | — |
| Schaumburgsuburb | $2,130 | $1,990 | — | — | — | — |
| Wheatonsuburb | $2,115 | — | $2,265 | +14.2% | — | — |
| Gold Coast | $2,096 | $2,175 | $3,304 | -0.9% | — | — |
| Palatinesuburb | $2,045 | — | $2,070 | +1.6% | — | — |
| Warrenvillesuburb | $2,039 | — | $2,088 | +1.1% | — | — |
| Arlington Heightssuburb | $2,000 | $1,895 | $2,439 | -11.5% | — | — |
| Pilsen | $1,998 | $2,128 | — | +3.6% | — | — |
| Woodridgesuburb | $1,934 | $1,860 | — | -11.9% | — | — |
| Irving Park | $1,925 | — | — | — | — | — |
| Avondale | $1,912 | — | — | — | — | — |
| Aurorasuburb | $1,905 | $1,550 | $1,997 | -13.7% | — | — |
| Oak Parksuburb | $1,895 | — | — | -17.5% | — | — |
| Rogers Park | $1,854 | $1,639 | $1,921 | +14.4% | — | — |
| West Ridge | $1,800 | — | — | — | — | — |
| Hyde Park | $1,714 | $1,593 | $2,386 | +5.9% | — | — |
| Hoffman Estatessuburb | $1,710 | $1,575 | $1,840 | -3.0% | — | — |
| Uptown | $1,619 | $1,699 | $2,585 | -0.9% | — | — |
| Buena Park | $1,610 | $1,560 | — | -14.6% | — | — |
| Garfield Park | $1,598 | — | — | — | — | — |
| Edgewater | $1,501 | $1,587 | $2,200 | -3.4% | — | — |
| Ohare | $1,485 | $1,485 | — | -3.6% | — | — |
| South Shore | $1,400 | — | — | — | — | — |
| Justicesuburb | $1,290 | $1,040 | $1,290 | +1.6% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology