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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 decrease in the last three months due to fall and winter months when relocations tend to slow. The median rent in Chicago is $1,950, which is $109 higher than January 2023 and 2.3% higher than the nation as a whole. Suburbs and cities such as Naperville, Schaumburg, Mont Prospect and Lombard, to name a few, are more expensive in terms of monthly one and two bedroom apartments and many reflect a higher monthly and yearly rent growth.

Description

Recent Apartment Listings

Kingsbury Plaza
• Studio/1 bath
• Sq Ft: 498
• Rent: $1,966

Lake and Wells
• 1 bedroom/1 bath
• Sq Ft: 584
• Rent: $2,297

Optima Signature
• 2 bedroom/2 bath
• Sq Ft: 1,245
• Rent: $4,200

Lofts at River East
• 3 bedroom/2 bath
• Sq Ft: 1,338
• Rent: $4,820

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