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269 Studio Apartments for rent in Chicago, IL

21 East Chestnut Street
21 East Chestnut Street
Chicago, IL
Updated February 19 at 05:52pm
Studio
$1,400
33 West DELAWARE Place
33 West Delaware Place
Chicago, IL
Updated February 19 at 05:52pm
Studio
$1,800
1 Bedroom
Ask
548 West Fullerton Parkway
548 West Fullerton Parkway
Chicago, IL
Updated February 19 at 05:52pm
Studio
$1,700
1037 Mozart
1037 North Mozart Street
Chicago, IL
Updated February 19 at 09:37am
Studio
$1,100
1344 North Dearborn Parkway
1344 N Dearborn St
Chicago, IL
Updated February 19 at 05:52pm
Studio
$1,395
1 Bedroom
Ask

February 2019 Chicago Rent Report

Welcome to the February 2019 Chicago Rent Report. Chicago rents declined 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 Rent Report

February 2019 Chicago Rent Report

Welcome to the February 2019 Chicago Rent Report. Chicago rents declined 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 declined slightly over the past month

Chicago rents have declined 0.2% over the past month, but have increased marginally by 0.9% in comparison to the same time last year. Currently, median rents in Chicago stand at $1,080 for a one-bedroom apartment and $1,270 for a two-bedroom. This is the sixth straight month that the city has seen rent decreases after an increase in July of last year. Chicago's year-over-year rent growth leads the state average of -0.1%, but trails the national average of 1.0%.

    Rents rising across the Chicago Metro

    Throughout the past year, rent increases have been occurring not just in the city of Chicago, but across the entire metro. Of the largest 10 cities that we have data for in the Chicago metro, 7 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

    • Joliet has seen rents fall by 7.7% over the past year, the biggest drop in the metro. It also has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,120.
    • Schaumburg has seen the fastest rent growth in the metro, with a year-over-year increase of 4.4%. The median two-bedroom there costs $1,660, while one-bedrooms go for $1,410.
    • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,760; rents went down 0.5% over the past month but rose 1.2% over the past year.

    Chicago rents more affordable than many other large cities nationwide

    As rents have increased marginally in Chicago, a few similar cities nationwide have seen rents grow more quickly. Chicago is still more affordable than most comparable cities across the country.

    • Rents increased in other cities across the state, with Illinois as a whole logging rent growth of -0.1% over the past year. For example, rents have grown by 0.4% in Peoria.
    • Chicago's median two-bedroom rent of $1,270 is above the national average of $1,170. Nationwide, rents have grown by 1.0% over the past year compared to the 0.9% increase in Chicago.
    • While Chicago's rents rose marginally over the past year, the city of Baltimore saw a decrease of 0.7%.
    • Renters will find more reasonable prices in Chicago than most similar cities. For example, San Francisco has a median 2BR rent of $3,090, 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
    $1,080
    $1,270
    -0.2%
    0.9%
    Aurora
    $1,120
    $1,320
    0.1%
    1.4%
    Joliet
    $950
    $1,120
    -0.2%
    -7.7%
    Naperville
    $1,490
    $1,760
    -0.5%
    1.2%
    Elgin
    $990
    $1,160
    -0.2%
    -1.9%
    Arlington Heights
    $1,250
    $1,470
    -0.5%
    2%
    Evanston
    $1,300
    $1,520
    -0.5%
    2.1%
    Schaumburg
    $1,410
    $1,660
    -0.4%
    4.4%
    Palatine
    $1,160
    $1,370
    -0.3%
    3.7%
    Des Plaines
    $980
    $1,150
    0
    -6%
    Wheaton
    $1,220
    $1,430
    0.4%
    0.2%
    Hoffman Estates
    $1,110
    $1,300
    1.2%
    0.2%
    Oak Park
    $830
    $980
    0.9%
    -10.1%
    Lombard
    $1,370
    $1,610
    -0.7%
    7.5%
    Crystal Lake
    $1,220
    $1,430
    -0.3%
    -2.1%
    Carol Stream
    $1,140
    $1,340
    -0.3%
    2.7%
    Wheeling
    $1,140
    $1,340
    0.5%
    -2%
    Calumet City
    $870
    $1,020
    0
    -2.8%
    Glendale Heights
    $1,130
    $1,330
    0.6%
    -1.9%
    St. Charles
    $1,250
    $1,470
    -1.1%
    -9.2%
    Woodridge
    $1,200
    $1,410
    0.1%
    1.7%
    Woodstock
    $970
    $1,140
    -0.3%
    -1.4%
    Westmont
    $1,250
    $1,470
    -0.8%
    3.5%
    Lisle
    $1,200
    $1,420
    -0.8%
    1.8%
    Park Forest
    $980
    $1,150
    0
    0.2%
    See More

    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.