Over the past 3-6 months, rent prices in Chicago, IL have experienced a slight increase, with the average rent rising by about 1.2%. This growth is mainly driven by the city's continued high demand for rental housing and a moderate supply increase, alongside economic factors influencing the housing market. Spring and Summer have the highest turnover and increases in rents due to landlords not wanting leases to end in the winter months. First-ring neighborhoods and suburbs will cost more due to their distance from the city center. Currently, the median rent in Chicago stands at approximately $2,885 per month in the Loop neighborhood.

Apartment Options

Halsted Flats

• Studio/1 bath
• Sq Ft: 535
• Rent: $2,280
• Neighborhood: West Loop

Evo Union Park

• 1 br/1 ba
• Sq Ft: 543
• Rent: $2,386
• Neighborhood: Lakeview East

The Parker

• 2 br/2 ba
• Sq Ft: 935
• Rent: $3,637
• Neighborhood: West Loop Gate

Axis

• 3 br/2 ba
• Sq Ft: 2,078
• Rent: $4,130
• Neighborhood: Streeterville