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New City Rent Trends

Chicago, IL · December 2025 · median asking rents from leased listings

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

Median asking rent
$1,400
Effective rent
$1,400
Vs. Chicago median
-37%
Avg days to lease
16
Active rentals now
11

Median asking rent over time

$1.4k$1.6k$1.9k$2.0kApr ’25May ’25Jul ’25Dec ’25
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 August 2026 · Last updated September 10, 2026 · Next release: early October 2026

New City renting, answered

What is the average rent in New City?
As of December 2025, the median asking rent in New City is $1,400 per month, based on 11 leased listings.
Is New City more expensive than Chicago overall?
New City's median asking rent is 37% below the Chicago citywide median of $2,218.
How quickly do rentals lease in New City?
Over the last 90 days, rentals in New City leased in an average of 16 days, with 11 active listings on the market right now.

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