1 min read

Chicago market rental trends report

Chicago market rental trends report
Chicago market rental trends report
1:03

Over the past 3–6 months, Chicago rents have inched higher overall, with typical summer leasing season strength producing modest gains across unit types (roughly mid-single digits for most bedroom sizes). The increase has been driven by tight vacancy in key submarkets, steady renter demand (including would-be buyers delaying purchases due to higher rates), and fewer landlord concessions compared with the prior year. The current median rent for Chicago is approximately $3,630/month.

chart-Oct-24-2025-09-59-41-7353-PM

Apartment listings

Below are some recent listing examples.

Halsted Flats

  • Studio/1 bath
  • Sq Ft: 570
  • Rent: $2,300
  • Neighborhood: West Loop

Shoreham & Tides

  • 1 br/1 ba
  • Sq Ft: 860
  • Rent: $2,879
  • Neighborhood: Lakeshore East
2-Apr-15-2025-11-50-46-1463-PM

Wolf Point

  • 2 br/2 ba
  • Sq Ft: 1,086
  • Rent: $4,705
  • Neighborhood: West Loop Gate
3-Apr-15-2025-11-50-59-6451-PM

Parq Fulton

  • 3 br/2.5 ba
  • Sq Ft: 1,279
  • Rent: $5,686
  • Neighborhood: Fulton Market
Screenshot 2025-07-17 at 3.46.53 PM-min

(Data sourced from Apartments.com)

Read more related blogs

 

Raleigh market rental trends report

Raleigh market rental trends report

Over the past 3 to 6 months, rents in Raleigh have continued to edge upward across most unit types, with median rents rising especially in studios...

Read More
Columbus market rental trends report

Columbus market rental trends report

Over the past 3–6 months, rent prices in Columbus have shown modest upward pressure, with average rents inching higher in many segments. This...

Read More
Denver market rental trends report

Denver market rental trends report

The Denver rental market over the past 3-6 months is showing signs of cooling after a multi-year stretch of strong growth. Rents in many segments are...

Read More