Chicago Rent Report — August 2026
A permanent record of Chicago rents for August 2026 from the Abode Rent Index. These figures are final.
This month in Chicago
As of August 2026, the median asking rent in Chicago, IL is $2,500 per month, up +8.6% from a year earlier.
Advertised net-effective rent — asking less advertised concessions — is $2,482, a median discount of +0.7% ($18/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 Grand Boulevard (+30.4%), Irving Park (+25.0%), Lake View (+16.9%).
Old Town is the most expensive area tracked at $3,534 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, August 2026
| Neighborhood | Median rent | 1 bed | 2 bed | MoM | YoY | Days on market |
|---|---|---|---|---|---|---|
| Old Town | $3,534 | $3,523 | $4,347 | +9.8% | — | — |
| Streeterville | $3,305 | $2,958 | $4,483 | +6.6% | — | — |
| Ukrainian Village | $3,188 | — | — | +2.9% | — | — |
| Fulton Market | $3,175 | $3,184 | $4,477 | -8.2% | — | — |
| Lincoln Park | $3,167 | $2,998 | $4,728 | +1.5% | — | — |
| Near North Side | $3,005 | $3,110 | $4,833 | -3.1% | — | — |
| West Town | $2,951 | $2,574 | $3,360 | +4.2% | — | — |
| Fulton River District | $2,945 | $2,949 | $4,285 | -4.1% | — | — |
| River North | $2,929 | $2,903 | $4,373 | -0.8% | — | — |
| Near West Side | $2,900 | $2,675 | $3,250 | +7.4% | +2.7% | — |
| Bucktown | $2,900 | $2,830 | $3,873 | +1.1% | — | — |
| Lakeshore East | $2,857 | $2,943 | $4,350 | -16.6% | — | — |
| Skokiesuburb | $2,852 | $2,325 | $2,895 | +2.0% | — | — |
| Deerfieldsuburb | $2,831 | $2,407 | $2,968 | +1.4% | — | — |
| West Loop | $2,809 | $2,746 | $4,008 | -1.8% | — | — |
| Lake View | $2,800 | $2,300 | $3,100 | 0.0% | +16.9% | — |
| Lakeview | $2,799 | $2,763 | $3,760 | +6.1% | — | — |
| River West | $2,798 | $2,850 | $4,081 | -9.5% | — | — |
| Printers Row | $2,787 | $2,791 | $3,914 | -0.7% | — | — |
| University Village | $2,750 | — | — | +11.8% | +6.8% | — |
| South Loop | $2,720 | $2,677 | $3,456 | +0.3% | — | — |
| Wicker Park | $2,716 | $2,500 | $3,000 | +4.2% | — | — |
| Des Plainessuburb | $2,686 | $2,440 | $2,922 | -0.3% | — | — |
| Loop | $2,683 | $2,658 | $3,872 | -5.7% | — | — |
| Logan Square | $2,669 | $2,512 | $3,139 | +1.9% | — | — |
| Warrenvillesuburb | $2,649 | $2,549 | $2,663 | +1.6% | — | — |
| Near South Side | $2,600 | $2,375 | $2,900 | -3.7% | 0.0% | — |
| Little Italy | $2,600 | — | — | +8.6% | +4.0% | — |
| North Center | $2,598 | — | $2,250 | -13.1% | -0.1% | — |
| Arlington Heightssuburb | $2,586 | $2,197 | $2,755 | -0.8% | — | — |
| Grand Boulevard | $2,575 | — | — | +5.1% | +30.4% | — |
| Napervillesuburb | $2,545 | $1,913 | $2,418 | -0.1% | — | — |
| Evanstonsuburb | $2,508 | $2,449 | $2,905 | -0.3% | — | — |
| Itascasuburb | $2,500 | — | $2,600 | -9.4% | — | — |
| Mount Prospectsuburb | $2,484 | $2,489 | — | 0.0% | — | — |
| Oak Parksuburb | $2,477 | $2,469 | $3,409 | +3.0% | — | — |
| Gold Coast | $2,474 | $2,553 | $4,253 | -3.3% | — | — |
| Libertyville | $2,425 | — | — | — | — | — |
| Illinois Medical District | $2,424 | $2,416 | $3,303 | +1.9% | — | — |
| Schaumburgsuburb | $2,423 | — | $2,342 | +3.6% | — | — |
| Lincolnwoodsuburb | $2,353 | $2,231 | $2,873 | -2.0% | — | — |
| Bronzeville | $2,271 | — | — | +12.2% | — | — |
| Uptown | $2,248 | $2,129 | $3,001 | +13.3% | — | — |
| Lake Bluffsuburb | $2,225 | $1,965 | $2,453 | -3.5% | — | — |
| Ravenswood | $2,215 | $2,088 | $3,137 | -8.9% | — | — |
| Woodridgesuburb | $2,199 | $1,957 | $2,464 | +0.6% | — | — |
| Irving Park | $2,125 | — | $2,195 | -6.6% | +25.0% | — |
| Wheelingsuburb | $2,123 | $1,920 | $2,342 | +8.4% | — | — |
| Lincoln Square | $2,116 | — | — | -1.4% | — | — |
| Buena Park | $2,103 | $1,800 | $2,359 | +8.9% | — | — |
| Portage Park | $2,098 | — | — | +9.0% | +13.4% | — |
| Glenviewsuburb | $2,098 | $2,266 | $2,962 | -27.3% | — | — |
| Wheatonsuburb | $2,092 | $1,930 | $2,165 | +4.6% | — | — |
| Avondale | $2,050 | — | — | -12.8% | +2.5% | — |
| Palatinesuburb | $2,036 | $1,957 | $2,202 | +0.9% | — | — |
| Lislesuburb | $1,977 | $2,000 | $2,989 | -0.6% | — | — |
| Pilsen | $1,967 | — | $1,875 | +2.8% | — | — |
| Albany Park | $1,959 | — | $1,925 | +4.9% | — | — |
| Aurorasuburb | $1,957 | $1,743 | $2,067 | -0.7% | — | — |
| Edgewater | $1,886 | $1,818 | $2,545 | +0.4% | — | — |
| Hoffman Estatessuburb | $1,880 | $1,660 | $1,950 | +2.5% | — | — |
| South Shore | $1,877 | — | — | +17.2% | — | — |
| West Ridge | $1,875 | — | $1,695 | -1.1% | +2.9% | — |
| Lower West Side | $1,850 | — | $1,875 | +5.7% | 0.0% | — |
| Andersonville | $1,784 | $1,784 | $2,442 | 0.0% | — | — |
| Rogers Park | $1,777 | $1,551 | $2,095 | -0.8% | — | — |
| Westmontsuburb | $1,766 | $1,719 | $1,818 | +16.3% | — | — |
| Humboldt Park | $1,685 | — | — | +7.0% | +2.1% | — |
| Mayfair | $1,680 | — | $1,700 | +12.0% | — | — |
| Hyde Park | $1,643 | $1,595 | $3,895 | -15.6% | — | — |
| La Grange Parksuburb | $1,575 | $1,557 | — | -1.9% | — | — |
| Ohare | $1,513 | $1,502 | $1,972 | -2.7% | — | — |
| Austin | $1,500 | — | — | -6.3% | — | — |
| Belmont Cragin | $1,495 | — | — | -10.1% | — | — |
| Justicesuburb | $1,358 | — | $1,358 | +0.8% | — | — |
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Neighborhoods with samples below the publishing threshold are omitted for this month. Methodology