Chicago market rental trends report

Over the past 3–6 months, Chicago rents have softened from their mid-year peaks, with average rents for several unit types lower in the most recent quarter compared with the prior 6–12 months — indicating a slight cooling or stabilization in the market. This change appears driven by seasonal leasing patterns typical of late fall/winter and modest increases in available inventory in select neighborhoods, even as annual figures remain higher than the prior year. The current median rent for Chicago is approximately $3,110/month.

Apartment listings

Below are some recent listing examples.

Halsted Flats

• Studio/1 bath
• Sq Ft: 570
• Rent: $2,419
• Neighborhood: West Loop

Shoreham & Tides

• 1 br/1 ba
• Sq Ft: 860
• Rent: $2,924
• Neighborhood: Lakeshore East

Wolf Point

• 2 br/2 ba
• Sq Ft: 1,086
• Rent: $5,339
• Neighborhood: West Loop Gate

Parq Fulton

• 3 br/2.5 ba
• Sq Ft: 1,279
• Rent: $5,932
• Neighborhood: Fulton Market

(Data sourced from Apartments.com)