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 $2,450 per month, up +5.2% from a year earlier.
In Chicago right now, the average listing leases in 15 days and 9,301 rentals are actively listed.
The fastest-rising neighborhoods year over year are Palatine (+52.3%), Deerfield (+42.9%), Lakeshore East (+37.7%).
Lakeshore East is the most expensive area tracked at $3,650 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 |
|---|---|---|---|---|---|---|
| Lakeshore East | $3,650 | — | — | — | +37.7% | — |
| River West | $3,525 | — | — | -3.4% | +2.4% | — |
| Wrigleyville | $3,425 | — | — | -0.7% | +37.0% | — |
| Old Town | $3,350 | — | — | +8.1% | +8.1% | — |
| Wicker Park | $3,348 | — | $3,500 | +3.0% | +11.7% | — |
| West Loop | $3,300 | $2,800 | $3,492 | -2.9% | +9.1% | — |
| Streeterville | $3,300 | $2,650 | $3,950 | +10.0% | +3.1% | — |
| Lincoln Park | $3,225 | $2,650 | $3,525 | -7.7% | -5.1% | — |
| Itascasuburb | $3,200 | — | $3,200 | 0.0% | — | — |
| Deerfieldsuburb | $3,037 | $2,397 | $3,037 | 0.0% | +42.9% | — |
| Napervillesuburb | $3,000 | — | $2,525 | +15.4% | +3.4% | — |
| Near North Side | $2,988 | $2,500 | $3,800 | +9.7% | -0.4% | — |
| Near West Side | $2,950 | $2,625 | $3,000 | +1.7% | +3.5% | — |
| Ravenswood | $2,948 | — | — | +11.2% | +13.4% | — |
| Lake View | $2,900 | $2,145 | $3,148 | +3.6% | +11.5% | — |
| West Town | $2,875 | $2,267 | $2,800 | -7.3% | +6.7% | — |
| Near South Side | $2,875 | $2,350 | $3,200 | +7.5% | +7.5% | — |
| University Village | $2,875 | — | — | — | +25.0% | — |
| River North | $2,800 | $2,500 | $3,700 | -2.5% | -6.7% | — |
| Palatinesuburb | $2,800 | — | — | +24.4% | +52.3% | — |
| Loop | $2,798 | $2,375 | $3,400 | +5.5% | +3.6% | — |
| Warrenvillesuburb | $2,786 | $2,237 | $2,786 | +1.0% | +23.2% | — |
| South Loop | $2,755 | $2,755 | $3,439 | +3.6% | +11.0% | — |
| North Center | $2,750 | — | $2,675 | -8.3% | +14.6% | — |
| Printers Row | $2,746 | $2,746 | $3,777 | -0.1% | +7.3% | — |
| Little Italy | $2,700 | — | $2,700 | +12.5% | 0.0% | — |
| Des Plainessuburb | $2,700 | — | — | -2.4% | +35.0% | — |
| Buena Park | $2,700 | — | — | +5.9% | +22.7% | — |
| Lakeview | $2,684 | $2,684 | $3,295 | +1.3% | +14.2% | — |
| Bucktown | $2,625 | — | $2,880 | +1.0% | +2.9% | — |
| Logan Square | $2,600 | $2,100 | $2,600 | +4.0% | +13.0% | — |
| Uptown | $2,593 | $1,923 | $2,925 | +8.0% | +17.0% | — |
| Arlington Heightssuburb | $2,500 | — | — | +17.6% | +11.1% | — |
| Skokiesuburb | $2,500 | — | — | +4.2% | -16.7% | — |
| Hyde Park | $2,500 | — | — | — | +12.4% | — |
| Woodridgesuburb | $2,407 | $2,166 | $2,407 | -3.7% | -8.0% | — |
| Gold Coast | $2,400 | — | — | +4.3% | +4.3% | — |
| Bronzeville | $2,388 | — | — | -4.5% | +1.6% | — |
| Lincolnwoodsuburb | $2,380 | $2,380 | $3,125 | +6.5% | -0.1% | — |
| Glenviewsuburb | $2,300 | — | — | — | -29.8% | — |
| Evanstonsuburb | $2,250 | — | — | -10.0% | +2.4% | — |
| Ukrainian Village | $2,250 | — | — | -2.2% | -1.1% | — |
| Avondale | $2,245 | — | — | -8.4% | +2.3% | — |
| Schaumburgsuburb | $2,200 | — | $2,150 | 0.0% | -4.3% | — |
| Woodlawn | $2,125 | — | — | — | +25.0% | — |
| Pilsen | $2,100 | — | — | -8.5% | +10.8% | — |
| Lake Bluffsuburb | $2,040 | — | $2,040 | 0.0% | — | — |
| Lincoln Square | $2,025 | $1,700 | $2,150 | -8.0% | -1.2% | — |
| Aurorasuburb | $2,025 | $1,821 | $2,064 | +0.4% | -1.8% | — |
| Lower West Side | $2,000 | — | $1,775 | -2.3% | +5.3% | — |
| West Ridge | $2,000 | — | — | +11.2% | +9.6% | — |
| Albany Park | $1,950 | — | — | +8.5% | +13.0% | — |
| Edgewater | $1,850 | $1,850 | — | +5.7% | +5.7% | — |
| Westmontsuburb | $1,834 | $1,735 | $1,834 | +3.1% | +27.4% | — |
| Andersonville | $1,784 | $1,784 | $2,295 | 0.0% | — | — |
| Portage Park | $1,775 | — | — | +4.4% | +9.2% | — |
| Irving Park | $1,768 | $1,600 | $1,900 | -19.6% | -6.7% | — |
| Ohare | $1,611 | $1,611 | $1,972 | -0.6% | -3.1% | — |
| Hermosa | $1,595 | — | — | — | +0.4% | — |
| La Grange Parksuburb | $1,557 | $1,557 | — | -5.1% | -0.2% | — |
| Humboldt Park | $1,550 | — | — | -13.9% | -19.3% | — |
| South Lawndale | $1,550 | — | — | -3.1% | -8.8% | — |
| Little Village | $1,550 | — | — | -3.1% | -8.8% | — |
| Rogers Park | $1,513 | — | — | -18.0% | -17.7% | — |
| 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