Chicago Rent Report — May 2026
A permanent record of Chicago rents for May 2026 from the Abode Rent Index. These figures are final.
This month in Chicago
As of May 2026, the median asking rent in Chicago, IL is $2,537 per month, up +5.4% from a year earlier.
Advertised net-effective rent — asking less advertised concessions — is $2,523, a median discount of +0.6% ($14/month) off asking.
In Chicago right now, the average listing leases in 16 days and 4,903 rentals are actively listed.
The fastest-rising neighborhoods year over year are Wrigleyville (+37.0%), University Village (+29.3%), Woodlawn (+25.0%).
Wrigleyville is the most expensive area tracked at $3,425 median, while Justice is the most affordable at $1,358.
Source: the Abode Rent Index, computed from leased listings across MLS and Abode-managed communities, updated monthly. How these numbers are calculated
Neighborhood medians, May 2026
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Wrigleyville | $3,425 | — | — | -0.7% | +37.0% | — |
| Old Town | $3,412 | $3,585 | $5,062 | +8.1% | — | — |
| Lakeshore East | $3,221 | $2,899 | $4,414 | +13.3% | — | — |
| River West | $3,108 | $2,906 | $3,935 | -2.0% | — | — |
| Streeterville | $3,104 | $2,817 | $4,223 | +10.7% | — | — |
| Itascasuburb | $3,076 | — | $3,076 | -3.9% | — | — |
| Near North Side | $3,019 | $2,923 | $4,420 | +1.4% | — | — |
| Fulton Market | $3,007 | $3,007 | $4,605 | -0.1% | — | — |
| University Village | $2,975 | — | — | — | +29.3% | — |
| West Loop | $2,972 | $2,798 | $3,834 | -0.8% | — | — |
| Lincoln Park | $2,953 | $2,966 | $4,252 | -3.2% | — | — |
| Near West Side | $2,950 | $2,500 | $3,150 | +1.7% | +3.5% | — |
| River North | $2,945 | $2,870 | $4,251 | -2.2% | — | — |
| Wicker Park | $2,944 | $2,698 | $3,500 | -1.5% | — | — |
| Skokiesuburb | $2,922 | $2,464 | $3,359 | +4.2% | — | — |
| Fulton River District | $2,913 | $2,948 | $4,440 | +0.5% | — | — |
| Lake View | $2,900 | $2,145 | $3,148 | +3.6% | +11.5% | — |
| Near South Side | $2,900 | $2,350 | $3,200 | +8.4% | +8.4% | — |
| West Town | $2,806 | $2,482 | $3,228 | -10.3% | — | — |
| Deerfieldsuburb | $2,805 | $2,397 | $2,909 | +3.0% | — | — |
| Loop | $2,753 | $2,649 | $3,798 | +3.7% | — | — |
| Grand Boulevard | $2,750 | — | — | +6.4% | +17.0% | — |
| North Center | $2,725 | — | $2,675 | -9.2% | +13.5% | — |
| Warrenvillesuburb | $2,709 | $2,238 | $2,786 | +9.6% | — | — |
| Little Italy | $2,700 | — | $2,700 | +12.5% | 0.0% | — |
| Bucktown | $2,691 | $2,902 | $3,545 | +4.7% | — | — |
| Printers Row | $2,685 | $2,750 | $3,760 | +1.1% | — | — |
| South Loop | $2,680 | $2,700 | $3,434 | +1.2% | — | — |
| Des Plainessuburb | $2,678 | $2,391 | $2,696 | +0.5% | — | — |
| Ukrainian Village | $2,662 | $3,012 | — | +0.1% | — | — |
| Ravenswood | $2,651 | $2,170 | $2,899 | +6.2% | — | — |
| Glenviewsuburb | $2,640 | $2,286 | $3,098 | +4.6% | — | — |
| Napervillesuburb | $2,581 | $1,954 | $2,455 | +3.3% | — | — |
| Palatinesuburb | $2,574 | $2,050 | $2,375 | +12.8% | — | — |
| Lincolnwoodsuburb | $2,557 | $2,404 | $3,137 | +1.7% | — | — |
| Logan Square | $2,549 | $2,317 | $3,128 | +1.3% | — | — |
| Lakeview | $2,501 | $2,570 | $3,300 | -4.1% | — | — |
| Evanstonsuburb | $2,476 | $2,682 | $2,867 | -2.6% | — | — |
| Lincoln Square | $2,471 | $1,700 | $2,150 | +16.3% | — | — |
| Gold Coast | $2,468 | $2,595 | $3,809 | +1.9% | — | — |
| Mount Prospectsuburb | $2,457 | $2,439 | — | +1.3% | — | — |
| Illinois Medical District | $2,444 | $2,428 | $3,125 | -1.3% | — | — |
| Arlington Heightssuburb | $2,396 | $2,122 | $2,624 | +9.4% | — | — |
| Oak Parksuburb | $2,378 | $2,559 | $3,491 | -4.9% | — | — |
| Woodridgesuburb | $2,298 | $2,117 | $2,398 | -2.3% | — | — |
| Avondale | $2,295 | — | $2,298 | -6.3% | +4.6% | — |
| Uptown | $2,244 | $2,048 | $3,117 | +4.0% | — | — |
| Buena Park | $2,240 | $1,783 | $1,992 | +2.5% | — | — |
| Bronzeville | $2,221 | — | $1,804 | +4.6% | — | — |
| Hyde Park | $2,218 | $1,885 | $2,564 | +33.4% | — | — |
| Schaumburgsuburb | $2,142 | $1,906 | $2,161 | -2.0% | — | — |
| Woodlawn | $2,125 | — | — | +18.1% | +25.0% | — |
| Pilsen | $2,062 | $2,338 | — | -7.4% | — | — |
| Wheelingsuburb | $2,062 | $1,935 | $2,296 | +7.7% | — | — |
| Lake Bluffsuburb | $2,015 | $1,650 | $2,025 | -0.3% | — | — |
| West Ridge | $2,000 | — | — | +11.1% | +9.6% | — |
| Lower West Side | $2,000 | — | $1,775 | 0.0% | +5.3% | — |
| Wheatonsuburb | $1,994 | $1,926 | $2,150 | +1.5% | — | — |
| Aurorasuburb | $1,950 | $1,782 | $2,018 | +0.9% | — | — |
| Albany Park | $1,922 | — | $1,899 | +2.6% | — | — |
| Andersonville | $1,895 | $1,895 | $2,295 | +6.2% | — | — |
| Hoffman Estatessuburb | $1,870 | $1,710 | $1,950 | -0.3% | — | — |
| Irving Park | $1,795 | $1,600 | $1,900 | -18.4% | -5.3% | — |
| Westmontsuburb | $1,789 | $1,758 | $1,829 | +3.9% | — | — |
| Portage Park | $1,775 | — | — | +4.4% | +9.2% | — |
| Edgewater | $1,756 | $1,878 | $2,400 | +2.5% | — | — |
| Lislesuburb | $1,750 | $1,972 | $2,785 | -1.2% | — | — |
| Rogers Park | $1,674 | $1,595 | $2,250 | -11.2% | — | — |
| La Grange Parksuburb | $1,599 | $1,557 | — | -2.6% | — | — |
| Hermosa | $1,595 | — | — | — | +0.4% | — |
| Ohare | $1,589 | $1,589 | $1,932 | +0.8% | — | — |
| Humboldt Park | $1,575 | — | — | -12.5% | -18.0% | — |
| South Shore | $1,550 | — | — | +2.0% | +14.4% | — |
| South Lawndale | $1,550 | — | — | -3.1% | -8.8% | — |
| Little Village | $1,550 | — | — | -3.1% | -8.8% | — |
| Roscoe Village | $1,475 | — | — | — | — | — |
| Justicesuburb | $1,358 | $1,129 | $1,358 | +3.0% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology