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min read

Chicago Market Rental Trends Report

Relocity's rental trends report shows you how the nation’s major rental markets stack up and reveals 2024 pricing trends.

The rental prices in Chicago have stayed relatively consistent over the past year, with a slight increase in the last three months due to spring and summer months coming up at the end of Q1. 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. The median rent in Chicago is $1,900, which can be misleading when considering renting in those first-ring neighborhoods.

Apartment Options

Halsted Flats

  • Studio/1 bath
  • Sq Ft: 535
  • Rent: $2,250
  • Neighborhood: West Loop

Evo Union Park

  • 1 bedroom/1 bath
  • Sq Ft: 758
  • Rent: $2,718
  • Neighborhood: Lakeview East

The Parker

  • 2 bedroom/2 bath
  • Sq Ft: 1079
  • Rent: $3,666
  • Neighborhood: West Loop Gate


  • 3 bedroom/2 bath
  • Sq Ft: 2078
  • Rent: $4,130
  • Neighborhood: Streeterville


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