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.
(Data sourced from Apartments.com)