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 $2,526 per month, up +4.9% from a year earlier.
Advertised net-effective rent — asking less advertised concessions — is $2,512, a median discount of +0.6% ($14/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 Palatine (+52.3%), Deerfield (+42.9%), Lakeshore East (+37.7%).
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 | $3,389 | $3,585 | $6,155 | +7.4% | +8.1% | — |
| Lakeshore East | $3,221 | $2,899 | $4,414 | +13.3% | +37.7% | — |
| Itascasuburb | $3,133 | — | $3,133 | -2.1% | — | — |
| Streeterville | $3,104 | $2,863 | $4,223 | +10.7% | +3.1% | — |
| River West | $3,074 | $2,906 | $3,935 | -3.1% | +0.3% | — |
| Near North Side | $3,024 | $2,923 | $4,420 | +1.6% | 0.0% | — |
| Fulton Market | $3,007 | $3,007 | $4,605 | -0.1% | — | — |
| West Loop | $2,972 | $2,798 | $3,834 | -1.6% | +9.1% | — |
| River North | $2,957 | $2,870 | $4,251 | -1.8% | -6.7% | — |
| Near West Side | $2,950 | $2,500 | $3,000 | +1.7% | +3.5% | — |
| University Village | $2,950 | — | — | — | +28.3% | — |
| Lincoln Park | $2,930 | $2,966 | $4,148 | -4.0% | -5.9% | — |
| Skokiesuburb | $2,922 | $2,464 | $3,359 | +4.2% | -16.7% | — |
| Fulton River District | $2,913 | $2,948 | $4,440 | +0.5% | — | — |
| Deerfieldsuburb | $2,912 | $2,397 | $2,968 | +0.6% | +42.9% | — |
| Wicker Park | $2,908 | $2,698 | $3,500 | -2.7% | +11.7% | — |
| 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 | $2,802 | $2,482 | $3,228 | -10.4% | +10.6% | — |
| Loop | $2,753 | $2,649 | $3,798 | +3.7% | +2.7% | — |
| Grand Boulevard | $2,750 | — | — | +6.4% | +17.0% | — |
| Warrenvillesuburb | $2,744 | $2,238 | $2,786 | +5.4% | +23.2% | — |
| North Center | $2,725 | — | $2,675 | -9.2% | +13.5% | — |
| South Loop | $2,714 | $2,725 | $3,436 | +2.6% | +11.0% | — |
| Printers Row | $2,713 | $2,748 | $3,768 | +0.4% | +7.3% | — |
| Little Italy | $2,700 | — | $2,700 | +12.5% | 0.0% | — |
| Des Plainessuburb | $2,678 | $2,391 | $2,696 | +0.5% | +35.0% | — |
| Ukrainian Village | $2,662 | $3,012 | — | +0.1% | -1.1% | — |
| Bucktown | $2,660 | $2,902 | $3,545 | +3.5% | +1.3% | — |
| Ravenswood | $2,651 | $2,170 | $2,899 | +6.2% | +13.4% | — |
| Glenviewsuburb | $2,640 | $2,286 | $3,098 | +4.6% | -29.8% | — |
| Kenwood | $2,625 | — | — | — | — | 21 |
| Lakeview | $2,586 | $2,624 | $3,300 | -1.9% | +14.3% | — |
| Napervillesuburb | $2,581 | $1,954 | $2,455 | +4.8% | +3.4% | — |
| Palatinesuburb | $2,562 | $2,050 | $2,375 | +12.2% | +52.3% | — |
| Logan Square | $2,549 | $2,317 | $3,128 | +1.3% | +13.0% | — |
| Evanstonsuburb | $2,476 | $2,682 | $2,925 | -2.6% | +1.2% | — |
| Lincolnwoodsuburb | $2,476 | $2,393 | $3,131 | +4.1% | -0.1% | — |
| Lincoln Square | $2,471 | $1,700 | $2,150 | +16.3% | -1.2% | — |
| Gold Coast | $2,468 | $2,595 | $3,809 | +1.9% | +4.3% | — |
| Mount Prospectsuburb | $2,457 | $2,439 | — | +1.3% | — | — |
| Illinois Medical District | $2,444 | $2,428 | $3,125 | -1.3% | — | — |
| Douglas | $2,400 | — | — | — | — | 35 |
| Arlington Heightssuburb | $2,396 | $2,122 | $2,624 | +9.4% | +15.6% | — |
| Oak Parksuburb | $2,378 | $2,559 | $3,491 | -4.9% | +10.0% | — |
| Woodridgesuburb | $2,348 | $2,139 | $2,402 | -2.9% | -8.0% | — |
| West Pullman | $2,338 | — | — | — | — | 39 |
| Avondale | $2,298 | — | $2,298 | -6.2% | +4.7% | — |
| Uptown | $2,244 | $2,048 | $3,117 | +4.0% | +17.0% | — |
| Hyde Park | $2,241 | $1,885 | $2,564 | +34.8% | +16.9% | — |
| Buena Park | $2,240 | $1,783 | $1,992 | +2.5% | +22.7% | — |
| Bronzeville | $2,221 | — | $1,804 | +4.6% | +13.8% | — |
| Schaumburgsuburb | $2,153 | $1,906 | $2,161 | -1.5% | -5.4% | — |
| Woodlawn | $2,125 | — | — | +18.1% | +25.0% | — |
| La Grange | $2,095 | — | — | — | — | 34 |
| Pilsen | $2,062 | $2,338 | — | -7.4% | +10.8% | — |
| Wheelingsuburb | $2,062 | $1,935 | $2,296 | +7.7% | — | — |
| Lake Bluffsuburb | $2,026 | $1,650 | $2,032 | -0.2% | — | — |
| Lower West Side | $2,000 | — | $1,775 | 0.0% | +5.3% | — |
| West Ridge | $2,000 | — | — | +11.2% | +9.6% | — |
| Norwood Park | $2,000 | — | — | — | — | 26 |
| Wheatonsuburb | $1,994 | $1,926 | $2,150 | +1.5% | — | — |
| Aurorasuburb | $1,984 | $1,800 | $2,039 | +0.7% | -1.8% | — |
| Albany Park | $1,922 | — | $1,899 | +2.6% | +13.0% | — |
| Hoffman Estatessuburb | $1,870 | $1,710 | $1,950 | -0.3% | — | — |
| Andersonville | $1,833 | $1,833 | $2,295 | +3.4% | — | — |
| Mckinley Park | $1,825 | — | — | — | — | 27 |
| Westmontsuburb | $1,810 | $1,747 | $1,831 | +3.5% | +27.4% | — |
| Washington Park | $1,800 | — | — | — | — | 25 |
| Irving Park | $1,795 | $1,600 | $1,900 | -18.4% | -5.3% | — |
| Portage Park | $1,775 | — | — | +4.4% | +9.2% | — |
| Edgewater | $1,756 | $1,878 | $2,400 | +2.5% | +5.7% | — |
| Lislesuburb | $1,750 | $1,972 | $2,785 | -1.2% | — | — |
| Chicago Lawn | $1,750 | — | — | — | — | 28 |
| Englewood | $1,700 | — | — | — | — | 69 |
| Rogers Park | $1,674 | $1,595 | $2,250 | -11.2% | -17.0% | — |
| West Garfield Park | $1,598 | — | — | — | — | 48 |
| O'Hare | $1,598 | $1,598 | $1,946 | +2.3% | -3.2% | — |
| Hermosa | $1,595 | — | — | — | +0.4% | — |
| La Grange Parksuburb | $1,580 | $1,557 | — | -3.7% | -0.2% | — |
| Humboldt Park | $1,575 | — | — | -12.5% | -18.0% | — |
| Brighton Park | $1,550 | — | — | — | — | 28 |
| South Lawndale | $1,550 | — | — | -3.1% | -8.8% | — |
| Roseland | $1,550 | — | — | — | — | 31 |
| Greater Grand Crossing | $1,550 | — | — | — | — | 49 |
| Little Village | $1,550 | — | — | -3.1% | -8.8% | — |
| Grand Crossing | $1,550 | — | — | — | — | 49 |
| South Shore | $1,525 | — | — | +0.4% | +12.5% | — |
| Archer Heights | $1,500 | — | — | — | — | 39 |
| Roscoe Village | $1,475 | — | — | — | — | — |
| Justicesuburb | $1,358 | $1,129 | $1,358 | +3.0% | +0.7% | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology