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Hermosa Rent Trends

Chicago, IL · July 2026 · median asking rents from leased listings

Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026

Median asking rent
$1,650
Effective rent
$1,650
Vs. Chicago median
-35%
Avg days to lease
24
Active rentals now
16

Median asking rent over time

$1.4k$1.5k$1.6k$1.9kAug ’24Feb ’25May ’25Jul ’25Sep ’25Mar ’26Jul ’26
Asking rentEffective rent (after concessions)Concession spread
2 bedroom
$1,565
-0.9% YoY · as of March 2026

Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Figures suppressed below 10 listings/month. Methodology

Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026

Hermosa renting, answered

What is the average rent in Hermosa?
As of July 2026, the median asking rent in Hermosa is $1,650 per month, based on 10 leased listings. By size, the median is $1,565 for a 2 bedroom.
Are rents in Hermosa going up or down?
Median asking rent in Hermosa is up 4.8% compared with a year ago.
Is Hermosa more expensive than Chicago overall?
Hermosa's median asking rent is 35% below the Chicago citywide median of $2,539.
How quickly do rentals lease in Hermosa?
Over the last 90 days, rentals in Hermosa leased in an average of 24 days, with 16 active listings on the market right now.

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