Old Town Rent Trends
Chicago, IL · August 2026 · median asking rents from leased listings
Data through August 2026 · Last updated September 7, 2026 · Next release: early October 2026
- Median asking rent
- $3,500
- Effective rent
- $3,500
- Vs. Chicago median
- +43%
- Avg days to lease
- 13
- Active rentals now
- 139
† Computed on a small sample (fewer than 20 leases) — interpret with caution.
Median asking rent over time
Asking rentEffective rent (after concessions)Concession spread
1 bedroom
$2,500
0.0% YoY · as of July 2026
2 bedroom
$3,750
-2.6% 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 7, 2026 · Next release: early October 2026
Old Town renting, answered
- What is the average rent in Old Town?
- As of August 2026, the median asking rent in Old Town is $3,500 per month, based on 12 leased listings. By size, the median is $2,500 for a 1 bedroom and $3,750 for a 2 bedroom.
- Are rents in Old Town going up or down?
- Median asking rent in Old Town is up 30.8% compared with a year ago. Note this figure is computed on a small monthly sample and can swing month to month.
- Is Old Town more expensive than Chicago overall?
- Old Town's median asking rent is 43% above the Chicago citywide median of $2,450.
- How quickly do rentals lease in Old Town?
- Over the last 90 days, rentals in Old Town leased in an average of 13 days, with 139 active listings on the market right now.
Beyond the numbers
Get to know Old Town
Restaurants, parks, transit, and what living here actually feels like — in our full neighborhood guide.
Read the Old Town guide →Thinking about Old Town?
A dedicated Abode agent who knows the block-by-block market — free for renters.