Chicago market rental trends report

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.

Apartment listings

Below are some recent listing examples.

Halsted Flats

• Studio/1 bath
• Sq Ft: 570
• Rent: $2,253
• Neighborhood: West Loop

Shoreham & Tides

• 1 br/1 ba
• Sq Ft: 820
• Rent: $3,172
• Neighborhood: Lakeshore East

Wolf Point East

• 2 br/2 ba
• Sq Ft: 1,086
• Rent: $5,198
• Neighborhood: West Loop Gate

Parq Fulton

• 3 br/2.5 ba
• Sq Ft: 1,279
• Rent: $5,868
• Neighborhood: Fulton Market

(Data sourced from Apartments.com)