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New City Rent Trends

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

Data through September 2026 · Last updated October 7, 2026 · Next release: early November 2026

Median asking rent
$1,400
Effective rent
$1,400
Vs. Chicago median
-37%
Avg days to lease
19
Active rentals now
8

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 September 2026 · Last updated October 7, 2026 · Next release: early November 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 $2,215.
How quickly do rentals lease in New City?
Over the last 90 days, rentals in New City leased in an average of 19 days, with 8 active listings on the market right now.

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