Renter Resources
What Renters Must Photograph Before Moving In
Your landlord just gave you the keys. You're excited to move in, but one thing that could cost you hundreds later is not documenting what's already broken.
•8 min read
What to Know About
Living in Chicago, IL
Chicago is a city that never sleeps, full of vibrant culture, breathtaking architecture, and an electric atmosphere. Known for its towering skyscrapers, deep-dish pizza, and favorite sports teams, Chicago is a destination that delivers excitement and adventure. The city boasts some of the world's best museums, including the Art Institute of Chicago, the Museum of Science and Industry, and the Shedd Aquarium. Take a stroll through Millennium Park to see the iconic Cloud Gate sculpture, or explore the city's numerous parks, like Lincoln Park, Lincoln Park Zoo, and the Chicago Conservatory.
Chicago is a sports lover's paradise, home to the Chicago Cubs (MLB), Chicago Bears (NFL), Chicago Bulls (NBA), and Chicago Blackhawks (NHL), as well as the Chicago Marathon and world-class golf courses. In addition, iconic landmarks such as the Willis Tower and the John Hancock Center are a must-see, as well as the Navy Pier and the Magnificent Mile. Throughout the year, Chicago hosts an array of world-renowned events, including The Chicago Auto Show, the Lollapalooza music festival, and the Taste of Chicago food festival.
With its exceptional blend of history, culture, and excitement, Chicago is the perfect place to call home.
Rental Market Trends
Chicago, IL
As of June 2025, Chicago's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Chicago's average rent is 43.3% ($737) higher than the Illinois average of $1,703 and 36.8% ($656) higher than the U.S. average of $1,784.
Average Rent
$2,440
Monthly ChangeMonth Over Month Change
1.3% ($31)
Yearly ChangeYear Over Year Change
4.9% ($114)
Avg. Days on MarketAverage Days on Market
26
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $2,285 | 0.8% ($19) | 7.9% ($168) |
| 2 Beds | $3,104 | 4.1% ($133) | 19.2% ($500) |
| 3 Beds | $3,760 | 7.3% ($298) | 3.8% ($137) |
| Nearby Cities | Average Rent | Avg. Rent vs. ChicagoAverage Rent vs. Chicago | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Cicero | $918 | 62.4% ($1522) | 30 days |
| Oak Park | $2,349 | 3.7% ($91) | 20 days |
| Berwyn | $1,150 | 52.9% ($1290) | 30 days |
| Forest Park | $1,512 | 38% ($928) | 28 days |
| River Forest | $1,844 | 24.4% ($596) | 24 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Chicago Rental Market FAQs
Explore rental prices, market trends, and availability in Chicago, IL.
The average rent in Chicago, IL is $2,440 per month.
Homes in Chicago typically rent for between $1,600 and $4,888 per month, with an average of $2,440 per month.
In Chicago, the average rent for a 1-bedroom home is $2,285 per month, for a 2-bedroom home, $3,104 per month, and a 3-bedroom home is $3,760 per month.
The average rent in Chicago is 36.8% ($656) higher than the national average of $1,784 per month.
The average rent in Chicago has decreased by 1.3% ($31) in the last month and increased by 4.9% ($114) over the past year.
The rental market in Chicago, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Chicago, IL, the average rental stays on the market for approximately 26 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 5,209 rental properties available in Chicago, IL.
Based on the current averages, a household would need an annual income of $124,160 to comfortably afford a 2-bedroom home in Chicago.
