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Chicago Rent Report — November 2024

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

See the live Chicago Rent Index →

This month in Chicago

As of November 2024, the median asking rent in Chicago, IL is $2,187 per month, down +6.3% from a year earlier.

Advertised net-effective rent — asking less advertised concessions — is $2,154, a median discount of +1.5% ($33/month) off asking.

In Chicago right now, the average listing leases in 16 days and 4,903 rentals are actively listed.

River West is the most expensive area tracked at $3,142 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, November 2024

NeighborhoodMedian rent1 bed2 bedMoMYoYDays on market
River West$3,142——+18.2%——
Old Town$3,034$2,742$4,088+25.5%——
Fulton Market$2,824$2,680—-6.4%——
Lincoln Park$2,772$2,468$3,300+2.6%——
Near West Side$2,750$2,400$3,0000.0%——
Near North Side$2,745$2,594$3,450+3.9%——
River North$2,740$2,504$3,679+3.7%——
United Center$2,730—————
Streeterville$2,687$2,400$4,061-5.3%——
West Loop$2,668$2,514$3,470-4.1%——
Woodridgesuburb$2,618—$2,626+20.5%——
Wicker Park$2,572$2,695—+2.6%——
Hyde Park$2,525$2,535$3,004+76.9%——
Lake View$2,500$1,925$2,800+15.0%——
West Town$2,500$2,142$2,500+16.2%——
Evanstonsuburb$2,479—$1,900-4.8%——
Lakeshore East$2,472$2,472$3,595-0.4%——
Loop$2,411$2,211$3,137-7.5%——
Belmont Cragin$2,400——+29.7%——
Near South Side$2,379$2,175$2,800-0.9%——
Printers Row$2,362$2,372$3,384+5.7%——
North Center$2,353——+23.8%——
Bucktown$2,328—$2,791-7.1%——
Logan Square$2,300$2,343$2,571+11.6%——
Schaumburgsuburb$2,300—$2,250+1.2%——
Fulton River District$2,288$2,366—-5.4%——
Glenviewsuburb$2,271$1,950—+3.2%——
South Loop$2,262$2,288$2,994-2.2%——
Illinois Medical District$2,208$2,022—+7.6%——
Gold Coast$2,206$2,184$3,280+2.5%——
Warrenvillesuburb$2,202——-2.8%——
Ravenswood$2,175——-3.3%——
Arlington Heightssuburb$2,149$2,095$2,421-1.5%——
Oak Parksuburb$2,130$2,147$2,612+4.2%——
Napervillesuburb$2,106$1,760$2,118-13.5%——
Portage Park$2,100——+16.7%——
Wheatonsuburb$2,055——-4.3%——
Lakeview$2,002$2,055$3,250-9.6%——
Little Italy$1,973——-12.3%——
Palatinesuburb$1,962$1,500$2,120-3.1%——
Bronzeville$1,906$1,415—-1.0%——
Lincoln Square$1,900——-2.1%——
Avondale$1,895—$1,990-5.0%——
Woodlawn$1,825——-1.4%——
Skokiesuburb$1,800——-21.7%——
Albany Park$1,735——-10.3%——
Lower West Side$1,700—$1,700-2.9%——
Pilsen$1,700——-13.4%——
Irving Park$1,700—$1,800-10.5%——
West Ridge$1,675——-4.3%——
Uptown$1,620$1,810$2,998-3.8%——
Aurorasuburb$1,613$1,561—-8.4%——
Edgewater$1,593$1,570$2,000+1.9%——
Hoffman Estatessuburb$1,580——-21.0%——
Rogers Park$1,576$1,456$1,875-11.1%——
Humboldt Park$1,545——-6.4%——
Westmontsuburb$1,401$1,369$1,564-6.7%——
Justicesuburb$1,300——+4.8%——
South Shore$1,138—$1,075-24.1%——

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