Mayfair Rent Trends
Chicago, IL · July 2026 · Abode managed-community data (includes concession-adjusted effective rents)
Data through July 2026 · Last updated August 7, 2026 · Next release: early September 2026
- Median asking rent
- $1,400
- Effective rent
- $1,400
- Vs. Chicago median
- -44%
- Avg days to lease
- —
- Active rentals now
- 6
Asking vs. effective rent over time
Asking rentEffective rent (after concessions)Concession spread
Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Figures suppressed below 10 listings/month. Methodology
Data through July 2026 · Last updated August 7, 2026 · Next release: early September 2026
Mayfair renting, answered
- What is the average rent in Mayfair?
- As of July 2026, the median asking rent in Mayfair is $1,400 per month, based on 7 leased listings.
- Are rents in Mayfair going up or down?
- Median asking rent in Mayfair is down 6.7% compared with a year ago.
- Is Mayfair more expensive than Chicago overall?
- Mayfair's median asking rent is 44% below the Chicago citywide median of $2,500.
Beyond the numbers
Get to know Mayfair
Restaurants, parks, transit, and what living here actually feels like — in our full neighborhood guide.
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