Near South Side Rent Trends
Chicago, IL · August 2026 · median asking rents from leased listings
Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026
- Median asking rent
- $2,600
- Effective rent
- $2,600
- Vs. Chicago median
- +3%
- Avg days to lease
- 14
- Active rentals now
- 50
Median asking rent over time
Asking rentEffective rent (after concessions)Concession spread
1 bedroom
$2,300
+7.0% YoY · as of July 2026
2 bedroom
$2,938
-0.4% YoY · as of July 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
Near South Side renting, answered
- What is the average rent in Near South Side?
- As of August 2026, the median asking rent in Near South Side is $2,600 per month, based on 15 leased listings. By size, the median is $2,300 for a 1 bedroom and $2,938 for a 2 bedroom.
- Are rents in Near South Side going up or down?
- Median asking rent in Near South Side is roughly flat compared with a year ago.
- Is Near South Side more expensive than Chicago overall?
- Near South Side's median asking rent is 3% above the Chicago citywide median of $2,535.
- How quickly do rentals lease in Near South Side?
- Over the last 90 days, rentals in Near South Side leased in an average of 14 days, with 50 active listings on the market right now.
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