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Mayfair Rent Trends

Chicago, IL · August 2026 · Abode managed-community data (includes concession-adjusted effective rents)

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

Median asking rent
$1,680
Effective rent
$1,680
Vs. Chicago median
-34%
Avg days to lease
—
Active rentals now
1

Asking vs. effective rent over time

$1.3k$1.4k$1.6k$1.7kAug ’23Jun ’25Jul ’25Oct ’25Apr ’26Jun ’26Jul ’26Aug ’26
Asking rentEffective rent (after concessions)Concession spread
2 bedroom
$1,700
— YoY · as of August 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

Mayfair renting, answered

What is the average rent in Mayfair?
As of August 2026, the median asking rent in Mayfair is $1,680 per month, based on 11 leased listings. By size, the median is $1,700 for a 2 bedroom.
Is Mayfair more expensive than Chicago overall?
Mayfair's median asking rent is 34% below the Chicago citywide median of $2,535.

Beyond the numbers

Get to know Mayfair

Restaurants, parks, transit, and what living here actually feels like — in our full neighborhood guide.

Read the Mayfair guide →

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