New City Rent Trends
Chicago, IL · December 2025 · median asking rents from leased listings
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
- -32%
- Avg days to lease
- 15
- Active rentals now
- 12
Median asking 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
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 32% below the Chicago citywide median of $2,050.
- How quickly do rentals lease in New City?
- Over the last 90 days, rentals in New City leased in an average of 15 days, with 12 active listings on the market right now.
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