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1458 N Ashland
1458 North Ashland Avenue
Chicago, IL
Updated April 22 at 10:36pm
3 Bedrooms
$2,250
1508 W Ardmore Avenue
1508 W Ardmore Ave
Chicago, IL
Updated April 22 at 10:36pm
2 Bedrooms
$1,400
2414 West Arthington Street
2414 West Arthington Street
Chicago, IL
Updated April 22 at 10:36pm
3 Bedrooms
$1,875
5043 South Drexel Avenue
5043 South Drexel Avenue
Chicago, IL
Updated December 13 at 09:28pm
1 Bedroom
$963
11518 S Stewart #1
11518 South Stewart Avenue
Chicago, IL
Updated December 13 at 01:05am
3 Bedrooms
$950
4121 North Kilbourn Avenue
4121 N Kilbourn Ave
Chicago, IL
Updated December 10 at 09:57pm
2 Bedrooms
$1,500

Average Rent in Chicago

Last updated April 22 2019 at 10:09 AM
The average rent for a 1 bedroom apartment in Chicago is $1,075, while the average rent for a 2 bedroom apartment is $1,265.
Studio
$926
1 Bed
$1,075
2 Beds
$1,265
3+ Beds
$1,618
City GuideChicago
"Maybe we can show government how to operate better as a result of better architecture. Eventually, I think Chicago will be the most beautiful great city left in the world." (Frank Lloyd Wright)

Ah, Chicago, metropolis of the Midwest! Being the third largest city in the United States, Chicago is a major nerve center for business, culture, and entertainment. Though it’s no longer just a rest stop between the east and west coasts, the Big Onion still has a whole world to offer. From urban skyscrapers and honking taxis along Lakeshore Drive, to tree-lined streets and grassy parks, there is a niche for every taste. With almost 4 million people calling the windy city their home, though, finding your own place in the chaos can seem like a daunting task.

Having trouble with Craigslist Chicago? Can't find that special apartment for rent on Apartment Finder or Zillow? Apartment List is here to help!

The world was first introduced to the Ferris Wheel at the 1983 World Fair in Chicago. The construction astounded the public, and has been replicated consistently all over the world for well over a century. This Ferris Wheel at Chicago's Navy Pier can seat up to 240 people.

Wrigley Field has been home to the Chicago Cubs since 1916, and in that time has hosted everything from skiing events to Chicago's football team to circus elephants! While the Cubs might not be the nation's most promising baseball teams, their fans are undoubtedly loyal and their hot dogs are worth the trip alone.

Chicago is an architecture lover's dream - and with the Buckingham Fountain in the middle of Chicago's legendary Grant Park, why wouldn't it be? This gem of a landmark was designed after one of the fountains at Versailles Palace, and is one the largest fountains in the world!

Basic Tips on Chicago Living

Everyone knows you don’t put ketchup on a Chicago-style hot dog, and everyone knows that trying to travel through Wrigleyville during a Cubs game will be a mob scene. Here are a few other bits of city-specific advice for fledgling Chicagoans. Though renting stand-alone houses is definitely not unheard of here, the most common living arrangements are apartments and condominiums, the latter of which are sometimes rented out privately by their owners. The range of styles, ages and quality amongst them, however, varies depending on where you’re looking and how much you’re willing to spend. Knowing this, how on earth do you even get started?

How to Find an Apartment

It’s always best to know what you want in an apartment first. What’s important to you? What’s your price range? Are you willing to sacrifice size for location? Do you want a vintage flat, a hole-in-the-wall studio, or an updated 40th floor pad with a panoramic view of Lake Michigan? One great thing about apartment hunting in Chicago is that there are multiple services that will take down all your criteria, and then drive you around the city to see multiple options, free of charge. Of course, there are always Internet listings, newspaper ads, and for many areas, a simple walk through the neighborhood to glimpse “for rent” signs will suffice.

Chicago really has no defined “rental season”. Apartments are available year-round, though if anything, there are more options and they tend to go quicker and rent higher in the spring and fall. During these seasons, you’re more likely to lose a good dwelling to another contender if you don’t act fast. Renting a place out in the middle of January may give you a price or time advantage, but moving a couch up to the fourth floor of a walk-up building when the back staircase is covered in ice may also cause you to think twice.

What to Expect From A Chicago Pad

Quality and Style: As previously stated, Chicago has every type of dwelling imaginable, though different neighborhoods and price ranges will yield different results. Multi-unit high-rise buildings usually have amenities included, such as a concierge/doorman, a communal rooftop deck, a pool, or a fitness center. These types of buildings will also have more restrictions or fees for moving in and out. Older buildings with radiator heat will often have gas and heat included in the rent, which is a huge advantage in the winter months when heating prices can break $150 - $200 or more a month. Also, you’d be hard-pressed to find an apartment in the city of Chicago that requires you to pay your own water bill.

Common Logistics: A 12-month lease is standard, though occasionally a larger company will throw in financial perks for signing a longer lease. Short-term or month-to-month leases are hard to come by unless you’re subletting or renting from a private landlord. As far as security deposits go, the standard is equivalent to one month’s rent. More and more often, though, management companies are requiring a non-refundable move-in fee (usually between $150 and $300 per person) instead of a security deposit.

Your Renting Arsenal: Here is a list of common things that will be required for a rental application:

  • Photo ID for all applicants
  • It’s perfectly normal (especially with management companies) to require a $25 - $50 non-refundable credit/background check fee per applicant.
  • Expect to provide information on an application including (but not limited to) current employer information, financial information, previous landlord contact information, and personal or professional references.
  • Many larger management companies will require previous bank statements or pay stubs as proof of income
Chicago Neighborhoods

Within the city of Chicago, there are over 200 unique neighborhoods that are fluid and socially constructed, each with their own quirks and day-to-day life. On a much larger (and more general) scale, the city can be broken up into four massive sections. Consider this a “jumping off” point in finding your ‘hood. Once you decide which side of the city is best for you, look into doing some research on that area’s neighborhoods to find the best fit. A semi-official map of Chicago’s neighborhoods can be found here.

The Loop: The central hub of Chicago, dubbed “the loop” due to the circular path that the elevated trains take around it, is mainly considered a commercial area. It boasts the quintessential Chicago landmarks, including skyscrapers, museums, Grant and Millennium Parks, a theatre district, and a large shopping district. Housing in the loop tends to be sparser and located more toward the perimeter. This area is bustling during the day. Living spaces are compact high-rise condominium and apartment buildings. Generally, the further your living proximity from the loop, the lower cost, more spacious, and more “residential” your apartment will tend to be.

North side: Closer to the loop and Michigan Avenue’s “Magnificent Mile” shopping district. There are many town houses around these neighborhoods, too. As you continue north, rent drops a little and the streets become tree-lined, yet population rises considerably. The north side, as a whole, is the most densely populated section of the city, especially along the lakefront. This area has a lot of neighborhood amenities, parks, and nightlife. It boasts a pretty even number of two and three-flat buildings, vintage courtyard buildings, and high-rises of all different types, with pockets of single-family homes woven in.

South side: The south side covers a much larger land area. Some parts of the south side are quaint, residential communities, and some are rather old and historic.The neighborhoods here have more single-family homes and smaller buildings. Millions of Chicagoans still call it home.

West side: Just west of the loop has historically been an industrial zone; the famous Chicago Union Stockyards were once located here. Closer to downtown, you’ll find loft-style condominiums and old warehouses converted into restaurants and galleries, as well as one of the largest medical districts in the United States. Further out, more stand-alone houses, town homes and bungalows appear.

Urban Circulation

If this city had a heartbeat, its veins would be rich with commuters. The question is really not whether you’ll be able to get around the city, but how you will get around the city. As with any metropolis, Chicago is easily walk-able, but some distances are just too far.

Public Transit: Chicago has the second largest public transportation system in the United States. Eight train lines (both elevated and underground) and over 140 bus routes operate daily all over the city; some run 24/7, others only at peak hours. For commuting further from the city limits, the regional transit authority operates 11 Metra rail lines and suburban buses that service over 200 stations in cities ranging as far as southern Wisconsin and northern Indiana.

Biking: Chicago is a big city for biking (surprisingly) year-round. Bike lanes can be spotted along many major streets. Bike paths also run along large portions of the lakefront for a more leisurely commute.

Driving: Generally one of the least desirable forms of transportation in Chicago, yet a lot of people still do it. Finding an apartment with a designated parking spot can be difficult and pricey in many areas of the city (think an extra $150 - $200 a month for a spot in a parking garage or outdoor lot), and street parking is a cutthroat battle. Don’t even get me started on driving through the city at rush hour. If you need to have a car in Chicago, be forewarned that it will probably become very expensive and frustrating very quickly.

Chicago is rich in history and culture, while still being a modern city. With this much variety, you’ll be able to find the right place for your lifestyle or budget, all within an exciting urban setting. Hopefully this guide has given you a more concrete idea of what to expect and how to get started on your search. Happy hunting!

April 2019 Chicago Rent Report

Welcome to the April 2019 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 Rent Report

April 2019 Chicago Rent Report

Welcome to the April 2019 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 flat over the past month, however, they are up marginally by 0.5% year-over-year. Currently, median rents in Chicago stand at $1,080 for a one-bedroom apartment and $1,270 for a two-bedroom. Chicago's year-over-year rent growth is level with the state average of 0.5%, but lags the national average of 1.3%.

    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, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

    • Evanston has seen the fastest rent growth in the metro, with a year-over-year increase of 2.0%. The median two-bedroom there costs $1,530, while one-bedrooms go for $1,300.
    • Over the past month, Schaumburg has seen the biggest rent drop in the metro, with a decline of 0.9%. Median two-bedrooms there cost $1,640, while one-bedrooms go for $1,390.
    • Hammond has the least expensive rents in the Chicago metro, with a two-bedroom median of $990; rents grew 0.2% over the past month and 0.5% over the past year.
    • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,730; rents fell 0.6% over the past month but rose 0.7% over the past year.

    Chicago rents more affordable than many comparable cities nationwide

    As rents have increased in Chicago, other large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Chicago is still more affordable than most similar cities across the country.

    • While Illinois as a whole logged rent growth of 0.5% over the past year, other cities across the state have seen rents decline slightly. For example, rents have fallen by 0.4% in Rockford and 0.5% in Springfield.
    • Chicago's median two-bedroom rent of $1,270 is above the national average of $1,170. Nationwide, rents have grown by 1.3% over the past year compared to the 0.5% rise in Chicago.
    • While Chicago's rents rose over the past year, some cities nationwide saw decreases, including Baltimore (-0.2%) and Houston (-0.1%).
    • Renters will find more reasonable prices in Chicago than most other large cities. For example, San Francisco has a median 2BR rent of $3,110, 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
    0.1%
    0.5%
    Aurora
    $1,120
    $1,310
    -0.4%
    0.7%
    Joliet
    $940
    $1,110
    -0.6%
    0.2%
    Naperville
    $1,470
    $1,730
    -0.6%
    0.7%
    Elgin
    $980
    $1,150
    -0.5%
    0.3%
    Waukegan
    $850
    $1,000
    0.8%
    1.8%
    Hammond
    $840
    $990
    0.2%
    0.5%
    Arlington Heights
    $1,240
    $1,460
    -0.4%
    0.8%
    Evanston
    $1,300
    $1,530
    0.2%
    2%
    Schaumburg
    $1,390
    $1,640
    -0.9%
    1.5%
    Bolingbrook
    $1,310
    $1,540
    0.1%
    1.8%
    Palatine
    $1,140
    $1,350
    -1%
    1.6%
    Des Plaines
    $980
    $1,150
    -0.1%
    0
    Wheaton
    $1,230
    $1,450
    0.5%
    -0.4%
    Hoffman Estates
    $1,130
    $1,320
    0.7%
    3%
    Oak Park
    $860
    $1,010
    1.9%
    0.8%
    Lombard
    $1,350
    $1,590
    -0.9%
    1.7%
    Carol Stream
    $1,130
    $1,330
    -0.4%
    0.1%
    Wheeling
    $1,140
    $1,340
    0.1%
    1.4%
    Calumet City
    $870
    $1,020
    0.3%
    0.3%
    Glendale Heights
    $1,150
    $1,350
    1.2%
    0.7%
    Woodridge
    $1,210
    $1,420
    0.6%
    2.4%
    Vernon Hills
    $1,350
    $1,590
    1%
    2.1%
    Lisle
    $1,180
    $1,390
    -1%
    1.1%
    Park Forest
    $980
    $1,150
    0.2%
    0.3%
    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.

    Renter Confidence Survey

    Apartment List has released Chicago’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.

    "Chicago renters expressed general satisfaction with the city overall," according to Apartment List...

    View full Chicago Renter Survey

    Here’s how Chicago ranks on:

    B-
    Overall satisfaction
    D
    Safety and crime rate
    C
    Jobs and career opportunities
    B+
    Recreational activities
    C
    Affordability
    B+
    Social Life
    C+
    Commute time
    A+
    Public transit
    C+
    Pet-friendliness

    Overview of Findings

    Apartment List has released Chicago’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.

    "Chicago renters expressed general satisfaction with the city overall," according to Apartment List. "However, ratings varied greatly across different categories, indicating that even though renters love Chicago, some aspects can be better."

    Key Findings in Chicago include the following:

    • Chicago renters gave their city a B- overall.
    • The highest-rated categories for Chicago were public transit and social life, which received grades of A+ and B+, respectively.
    • The areas of concern to Chicago renters are quality of local schools and state and local taxes, which both received F grades.
    • Chicago millennials are moderately satisfied with their city, giving it an overall rating of B-, while renters who are parents were less satisfied, giving it an F grade.
    • Chicago earned similar scores compared to other nearby cities like Milwaukee (B-) and Kansas City (B), but earned higher marks than Detroit (F) and Indianapolis (C+).
    • Chicago did relatively well compared to similar cities nationwide, including Los Angeles (C+), Columbus (C+) and Baltimore (C).
    • The top rated cities nationwide for renter satisfaction include Scottsdale, AZ, Irvine, CA, Boulder, CO and Ann Arbor, MI. The lowest rated cities include Tallahassee, FL, Stockton, CA, Dayton, OH, Detroit, MI and Newark, NJ.

    Renters say:

    • "There’s always something to do and no need to drive anywhere. There are lots of great people and tons of jobs." -Matthew H.
    • "I love all of the beautiful scenery, food, and activities whether you’re single or have a family. But the taxes and cost of living is way too high here." -Angela O.
    • "Love the events, downtown area, parks, and nightlife, but I hate the crime." -Anon.

    For more information on the survey methodology and findings or to speak to one of our researchers, please contact our team at rentonomics@apartmentlist.com.

    View our national survey results here

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