Chicago Rent Report — December 2024
A permanent record of Chicago rents for December 2024 from the Abode Rent Index. These figures are final.
This month in Chicago
As of December 2024, the median asking rent in Chicago, IL is $2,111 per month.
Advertised net-effective rent — asking less advertised concessions — is $2,086, a median discount of +1.2% ($25/month) off asking.
In Chicago right now, the average listing leases in 16 days and 4,903 rentals are actively listed.
Lincoln Park is the most expensive area tracked at $2,891 median, while Hyde Park is the most affordable at $1,304.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, December 2024
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Lincoln Park | $2,891 | $2,563 | $5,252 | +4.1% | — | — |
| Fulton Market | $2,812 | $2,783 | — | +1.8% | — | — |
| River North | $2,768 | $2,548 | $3,553 | +2.7% | — | — |
| Near West Side | $2,700 | $2,425 | $3,200 | -1.8% | — | — |
| Near South Side | $2,688 | — | $2,800 | +13.0% | — | — |
| Near North Side | $2,679 | $2,500 | $3,500 | -3.2% | — | — |
| River Grove | $2,650 | — | $2,650 | — | — | — |
| West Loop | $2,591 | $2,492 | $3,577 | -2.7% | — | — |
| Streeterville | $2,557 | $2,546 | $4,265 | -3.1% | — | — |
| Dunning | $2,550 | — | — | — | — | — |
| River West | $2,544 | — | — | -16.3% | — | — |
| Lake View | $2,500 | $2,200 | $2,964 | 0.0% | — | — |
| Lakeshore East | $2,496 | $2,530 | $3,887 | +0.7% | — | — |
| Old Town | $2,488 | $2,796 | $4,170 | -16.3% | — | — |
| Loop | $2,479 | $2,365 | $3,456 | +7.5% | — | — |
| Gold Coast | $2,430 | $2,371 | $3,460 | +11.2% | — | — |
| Lincolnwoodsuburb | $2,417 | $2,417 | — | — | — | — |
| West Town | $2,351 | $2,171 | $2,450 | -6.0% | — | — |
| Des Plainessuburb | $2,350 | — | — | — | — | — |
| Logan Square | $2,304 | — | $2,400 | +2.2% | — | — |
| Bucktown | $2,300 | — | — | +3.2% | — | — |
| South Loop | $2,266 | $2,287 | $3,236 | -2.3% | — | — |
| Bronzeville | $2,250 | — | — | +18.0% | — | — |
| Printers Row | $2,244 | $2,422 | — | -5.0% | — | — |
| Schaumburgsuburb | $2,195 | — | $2,000 | -4.6% | — | — |
| North Center | $2,178 | — | — | -7.4% | — | — |
| Fulton River District | $2,144 | $2,314 | — | -6.3% | — | — |
| Napervillesuburb | $2,113 | $1,743 | $2,010 | +0.3% | — | — |
| Skokiesuburb | $2,113 | — | — | +17.4% | — | — |
| Evanstonsuburb | $2,107 | — | $1,950 | -15.0% | — | — |
| Lakeview | $2,102 | $2,102 | — | +4.3% | — | — |
| Arlington Heightssuburb | $2,090 | $1,769 | $2,425 | -3.3% | — | — |
| Hoffman Estatessuburb | $2,080 | $1,595 | — | +31.6% | — | — |
| Palatinesuburb | $2,072 | — | — | +5.6% | — | — |
| Woodridgesuburb | $2,067 | $1,926 | $2,288 | -21.0% | — | — |
| Ukrainian Village | $2,065 | — | — | — | — | — |
| Wicker Park | $2,062 | — | — | -19.8% | — | — |
| Illinois Medical District | $1,961 | — | — | -9.2% | — | — |
| Grand Boulevard | $1,950 | — | — | — | — | — |
| Buena Park | $1,903 | $1,726 | — | — | — | — |
| Belmont Cragin | $1,900 | — | — | -20.8% | — | — |
| West Ridge | $1,895 | — | $1,725 | +13.1% | — | — |
| Pilsen | $1,879 | $2,095 | — | +7.9% | — | — |
| Ohare | $1,843 | — | — | — | — | — |
| Uptown | $1,829 | $1,750 | $3,328 | +14.2% | — | — |
| Lincoln Square | $1,825 | — | $1,950 | -3.9% | — | — |
| Portage Park | $1,800 | — | — | -14.3% | — | — |
| Edgewater | $1,797 | $1,704 | $2,375 | +12.8% | — | — |
| Wheatonsuburb | $1,784 | $1,735 | — | -13.2% | — | — |
| Oak Parksuburb | $1,783 | — | $3,005 | -16.8% | — | — |
| Woodlawn | $1,775 | — | — | -2.7% | — | — |
| Garfield Park | $1,748 | — | — | — | — | — |
| Avondale | $1,701 | — | — | -10.2% | — | — |
| Albany Park | $1,700 | — | — | -2.0% | — | — |
| Aurorasuburb | $1,689 | $1,536 | $1,895 | +7.3% | — | — |
| Rogers Park | $1,670 | $1,561 | $1,773 | +8.7% | — | — |
| Lower West Side | $1,650 | — | — | -2.9% | — | — |
| Auburn Gresham | $1,650 | — | — | — | — | — |
| Humboldt Park | $1,500 | — | $1,500 | -2.9% | — | — |
| Lislesuburb | $1,500 | — | — | — | — | — |
| Irving Park | $1,495 | — | — | -12.1% | — | — |
| South Shore | $1,450 | — | — | +27.4% | — | — |
| Justicesuburb | $1,385 | — | $1,385 | +6.5% | — | — |
| Hyde Park | $1,304 | $1,302 | $1,788 | -48.4% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology