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Chicago Rent Report — October 2024

A permanent record of Chicago rents for October 2024 from the Abode Rent Index. These figures are final.

See the live Chicago Rent Index →

This month in Chicago

As of October 2024, the median asking rent in Chicago, IL is $2,109 per month, up +0.8% from a year earlier.

Advertised net-effective rent — asking less advertised concessions — is $2,079, a median discount of +1.4% ($30/month) off asking.

In Chicago right now, the average listing leases in 15 days and 7,277 rentals are actively listed.

The fastest-rising neighborhoods year over year are Aurora (+29.9%), Westmont (+6.5%), Printers Row (+6.4%).

Wilmette is the most expensive area tracked at $3,450 median, while South Lawndale is the most affordable at $1,300.

Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated

Neighborhood medians, October 2024

NeighborhoodMedian rent1 bed2 bedMoMYoYDays on market
Wilmette$3,450—————
Fulton Market$3,042$2,768—-8.8%——
Streeterville$2,788$2,524$3,885-2.2%——
West Loop$2,782$2,508$3,369+4.5%——
Near West Side$2,750$2,324$2,800+5.8%——
Lincoln Park$2,693$2,654$3,200-1.2%——
Near North Side$2,676$2,763$3,338+13.8%——
River North$2,617$2,439$3,446-6.6%——
Evanstonsuburb$2,603$2,542$3,342+0.4%——
River West$2,557$2,324$2,819-1.4%——
Wicker Park$2,543$2,665$2,400-8.7%——
Loop$2,508$2,362$3,273-0.9%——
Lakeshore East$2,502$2,442$3,846-12.5%——
Bucktown$2,476—$2,579-4.5%——
Napervillesuburb$2,440$1,755$2,115+9.2%——
Old Town$2,421$2,556$3,192-10.7%——
Fulton River District$2,419$2,449—-1.8%——
Near South Side$2,400$2,000$2,700-4.0%——
Wrigleyville$2,375——-14.4%——
South Loop$2,349$2,353$3,149-1.5%+0.7%—
Printers Row$2,341$2,465$3,291+3.4%+6.4%—
Skokiesuburb$2,300——-4.2%——
Schaumburgsuburb$2,273—$2,100+13.9%——
Woodridgesuburb$2,259—$2,361-12.6%——
Lincolnwoodsuburb$2,257——-23.3%——
Warrenvillesuburb$2,253—$2,238-1.8%——
Ravenswood$2,250——+4.7%——
Little Italy$2,250—$2,150-6.3%——
West Town$2,213$2,073$2,525-10.4%——
Des Plainessuburb$2,209——-0.4%——
University Village$2,200—————
Glenviewsuburb$2,200—————
Lakeview$2,200$2,237$3,026-1.4%+5.9%—
Arlington Heightssuburb$2,181$1,730$2,343+1.4%——
Lake View$2,174$1,825$2,652-1.2%——
Wheatonsuburb$2,148—$2,230+14.9%——
Gold Coast$2,119$2,205$2,529-4.6%——
Deerfieldsuburb$2,085——-20.9%——
Logan Square$2,082$1,939$2,200-9.4%——
Ukrainian Village$2,075——+9.2%——
Oak Parksuburb$2,062$2,138$3,194-11.2%——
Palatinesuburb$2,024—$2,058-4.1%——
Illinois Medical District$2,007$1,925$2,748-9.7%——
Hoffman Estatessuburb$2,000$1,550$1,730+13.3%——
Pilsen$1,993$2,145—+1.6%——
Libertyville$1,975—————
Grand Boulevard$1,950——-14.2%——
Lincoln Square$1,940—$1,900+10.9%——
Albany Park$1,935—$1,600+17.3%——
Wheelingsuburb$1,932$1,838$2,172-11.2%——
Bronzeville$1,925——-17.9%——
Jefferson Park$1,900—————
Irving Park$1,900—$1,900+20.6%——
Dunning$1,900——-17.4%——
North Center$1,900$1,650—-28.3%——
Avondale$1,898—$1,795+5.4%——
Woodlawn$1,850——-14.0%——
Belmont Cragin$1,850——+7.2%——
Lislesuburb$1,825$1,820—+9.0%——
Aurorasuburb$1,820$1,590$1,855-0.5%+29.9%—
Portage Park$1,800——+11.1%——
Downers Grove$1,800——-25.0%——
Garfield Park$1,775——-0.7%——
Rogers Park$1,754$1,502$1,885+4.6%——
Lower West Side$1,750$1,469$1,663+6.1%——
Bridgeport$1,750——+3.1%——
West Ridge$1,725$1,375$1,650-0.7%——
Buena Park$1,715$1,665—-5.1%——
Uptown$1,707$1,687$2,456+1.3%——
Austin$1,663——+10.9%——
Humboldt Park$1,650——+26.9%——
Edgewater$1,596$1,632$2,250-1.4%——
O'Hare$1,571$1,571—+4.4%-11.2%—
Westmontsuburb$1,513—$1,501—+6.5%—
South Shore$1,500——+5.3%——
Hyde Park$1,427$1,540$1,824-7.8%——
South Lawndale$1,300——+11.8%——
Little Village$1,300——+11.8%——
Justicesuburb$1,300$1,125—-2.5%-0.1%—

Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology