98 Condos for rent in Chicago, IL

Last updated May 27 at 10:24am UTC
1625 N Campbell
Logan Square
Chicago, IL
Updated May 26 at 4:09am UTC
3 Bedrooms
$2,100
1625 N Campbell
Logan Square
Chicago, IL
Updated May 26 at 4:09am UTC
2 Bedrooms
$2,000
1122 N Clark St
Near North Side
Chicago, IL
Updated May 27 at 10:24am UTC
1 Bedroom
$2,000
1030 N State St
Near North Side
Chicago, IL
Updated May 27 at 10:24am UTC
1 Bedroom
$2,100
1255 S State St
South Loop
Chicago, IL
Updated May 27 at 10:24am UTC
1 Bedroom
$2,050
200 N Dearborn St
The Loop
Chicago, IL
Updated May 27 at 10:24am UTC
1 Bedroom
$2,000
2453 W Arthur Ave
West Ridge
Chicago, IL
Updated May 27 at 10:24am UTC
3 Bedrooms
$3,700
1001 S State
South Loop
Chicago, IL
Updated May 27 at 10:24am UTC
3 Bedrooms
$9,000
6171 N Sheridan Rd 708
Edgewater
Chicago, IL
Updated May 27 at 10:23am UTC
Studio
$1,100
6255 N. Greenview
Edgewater
Chicago, IL
Updated May 27 at 10:21am UTC
2 Bedrooms
$1,499
161 Kinzie St
Near North Side
Chicago, IL
Updated May 27 at 10:21am UTC
1 Bedroom
$5,000
1629 S Prairie Ave Unit 2603
South Loop
Chicago, IL
Updated May 27 at 10:21am UTC
2 Bedrooms
$3,250
750 N Rush St
Near North Side
Chicago, IL
Updated May 27 at 10:21am UTC
1 Bedroom
$4,500
225 N Columbus Dr
The Loop
Chicago, IL
Updated May 27 at 10:21am UTC
1 Bedroom
$4,200
71 W Hubbard St
Near North Side
Chicago, IL
Updated May 27 at 10:21am UTC
1 Bedroom
$4,500
111 W Wacker Dr
The Loop
Chicago, IL
Updated May 27 at 10:21am UTC
1 Bedroom
$4,250
2930 N Sheridan Rd Apt 1810
Lakeview
Chicago, IL
Updated May 27 at 10:21am UTC
1 Bedroom
$1,475
2551 N Southport Ave Apt 2
Lincoln Park
Chicago, IL
Updated May 27 at 10:20am UTC
2 Bedrooms
$2,600
655 W Irving Park Rd Apt 810
Lakeview
Chicago, IL
Updated May 27 at 10:20am UTC
2 Bedrooms
$2,495
3950 N Lake Shore Dr Apt 606
Lakeview
Chicago, IL
Updated May 27 at 10:20am UTC
2 Bedrooms
$1,800
900 N Lake Shore Dr Apt 2612
Near North Side
Chicago, IL
Updated May 27 at 10:20am UTC
2 Bedrooms
$2,900
2419 W Homer St # 2
Logan Square
Chicago, IL
Updated May 27 at 10:20am UTC
3 Bedrooms
$2,900
2400 N Lakeview Ave Apt 2006
Lincoln Park
Chicago, IL
Updated May 27 at 10:20am UTC
3 Bedrooms
$3,350
1211 N La Salle Dr Apt 1201
Near North Side
Chicago, IL
Updated May 27 at 10:20am UTC
1 Bedroom
$1,650
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May 2018 Chicago Rent Report

Welcome to the May 2018 Chicago Rent Report. Chicago rents remained steady over the past month. In this report, we'll evaluate trends in the Chicago rental market, including comparisons to cities throughout the metro, state, and nation.

View full Chicago Rent Report
Rent Report
Chicago

May 2018 Chicago Rent Report

Welcome to the May 2018 Chicago Rent Report. Chicago rents remained steady over the past month. In this report, we'll evaluate trends in the Chicago rental market, including comparisons to cities throughout the metro, state, and nation.

Chicago rents held steady over the past month

Chicago rents have remained steady over the past month, but are down moderately by 0.6% year-over-year. Currently, median rents in Chicago stand at $1,070 for a one-bedroom apartment and $1,260 for a two-bedroom. Chicago's year-over-year rent growth lags the state average of 0.2%, as well as the national average of 1.5%.

Rents rising across the Chicago Metro

While rent prices have decreased in Chicago over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 8 of the largest 10 cities in the Chicago metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Aurora has seen the fastest rent growth in the metro, with a year-over-year increase of 3.1%. The median two-bedroom there costs $1,300, while one-bedrooms go for $1,110.
  • Over the past year, Arlington Heights has seen the biggest rent drop in the metro, with a decline of 1.9%. Median two-bedrooms there cost $1,450, while one-bedrooms go for $1,230.
  • Elgin has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,170; rents rose 0.5% over the past year but remained flat month-over-month.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,720; rents remained steady over the past month.

Chicago rents more affordable than many comparable cities nationwide

As rents have fallen moderately in Chicago, many similar cities nationwide have seen prices increase, in some cases substantially. Chicago is also more affordable than most other large cities across the country.

  • Chicago's median two-bedroom rent of $1,260 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 0.6% decline in Chicago.
  • While rents in Chicago fell moderately over the past year, many cities nationwide saw increases, including Houston (+3.1%), Denver (+1.6%), and Columbus (+1.5%).
  • Renters will find more reasonable prices in Chicago than most similar cities. For example, San Francisco has a median 2BR rent of $3,060, which is nearly two-and-a-half times the price in Chicago.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Chicago $1,070 $1,260 0.2% -0.6%
Aurora $1,110 $1,300 0.0% 3.1%
Joliet $1,020 $1,200 0.1% 1.3%
Naperville $1,460 $1,720 -0.0% 0.4%
Elgin $1,000 $1,170 0.1% 0.5%
Arlington Heights $1,230 $1,450 0.7% -1.9%
Evanston $1,280 $1,510 0.5% 1.3%
Schaumburg $1,340 $1,580 0.1% 1.2%
Palatine $1,130 $1,330 0.3% 2.0%
Des Plaines $1,040 $1,220 -0.3% 1.6%
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Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.