Rentometer, Inc. | Data as of 12/16/2025
Chicago’s rental market blends historic charm with modern convenience, offering a diverse array of apartments and houses across vibrant neighborhoods such as the Loop, Wicker Park, Lakeview, and Hyde Park. Tenants enjoy easy access to world‑class attractions like Millennium Park, the Art Institute, and the Lakefront Trail, while a robust public‑transport network makes commuting throughout the city straightforward. Whether you’re seeking a sleek downtown studio or a spacious family house in a leafy suburb, Chicago provides options that suit a range of lifestyles and budgets.
Studio rentals are generally found in the $1,500‑$1,800 range, while one‑bedroom units typically hover around the $2,000‑$2,200 bracket. Two‑bedroom apartments often climb to the $2,600‑$2,800 zone, and larger three‑plus bedroom homes frequently exceed $3,000 per month, reflecting the city’s strong demand for quality space. Houses follow a similar pattern, with studios and one‑bedroom homes starting in the $1,500s and larger family homes moving into the $2,600‑$3,500 range. These price trends underscore Chicago’s reputation for offering competitive rental values compared to other major metropolitan areas.
Beyond price, renters appreciate the city’s blend of historic architecture, modern high‑rises, and green spaces. Proximity to top‑rated schools, bustling dining districts, and cultural venues makes Chicago an attractive destination for professionals, students, and families alike. The rental market’s depth and variety ensure that newcomers and long‑time residents can find a home that aligns with both their lifestyle preferences and financial goals.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,700 | $1,550 | $699 - $2,787 | $1,340 - $2,095 |
| Apartment | 1 Bedroom | $2,226 | $2,150 | $680 - $4,044 | $1,650 - $2,705 |
| Apartment | 2 Bedroom | $2,643 | $2,399 | $800 - $5,920 | $1,765 - $3,350 |
| Apartment | 3 Bedroom | $3,362 | $2,700 | $1,300 - $12,910 | $2,100 - $3,763 |
| Apartment | 4+ Bedroom | $2,785 | $3,100 | $1,131 - $5,121 | $1,700 - $3,300 |
| House | 1 Bedroom | $1,600 | $1,300 | $1,150 - $2,650 | $1,250 - $2,650 |
| House | 2 Bedroom | $2,101 | $1,900 | $1,200 - $3,500 | $1,600 - $2,750 |
| House | 3 Bedroom | $2,012 | $1,895 | $1,200 - $3,150 | $1,500 - $2,400 |
| House | 4+ Bedroom | $3,100 | $3,000 | $1,800 - $5,000 | $2,600 - $3,450 |
In the current period, the average rent in Chicago was $1,700 for Studio, $2,208 for 1 Bedroom, $2,548 for 2 Bedroom, $2,994 for 3 Bedroom, and $2,884 for 4+ Bedroom.
Data provided by Rentometer, Inc.