Apartments in Downtown Chicago

91 - 120 of 569 Results
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$6,000
Chicago, IL
3 BR | Jul. 1, 2024
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West Loop
20
$2,600
420 E Waterside Dr Unit A2061 Chicago, IL
1 BR | Available Now
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Surface Parking
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20
$2,600
420 E Waterside Dr Unit A2061 Chicago, IL
1 BR | Available Now
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$1,500 - 5,810
727 West Madison Street Chicago, IL
Studio - 3 BR | Available Now
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Covered Parking
19
$2,531
Chicago, IL
1 BR | Ask for Availability
River North
164
$2,115 - 5,119
Chicago, IL
1 - 3 BR | Ask for Availability
Near South Side
103
$1,987 - 5,365
Chicago, IL
Studio - 3 BR | Ask for Availability
The Loop
16
$2,565
Chicago, IL
1 BR | Available Now
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11
$2,150
1305 S Michigan Ave Chicago, IL
1 BR | Available Now
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Near South Side
139
$1,922 - 6,400
Chicago, IL
Studio - 3 BR | Ask for Availability
Near South Side
21
$2,287
Chicago, IL
1 BR | Available Now
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Greektown
11
$2,350
Chicago, IL
1 BR | Available Now
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Greektown
17
$2,287
Chicago, IL
1 BR | Available Now
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Fitness Center
16
$1,990 - 4,000
1333 S Wabash Ave Chicago, IL
1 - 2 BR | Available Now
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Section 8
Balcony/Deck/Patio
29
$3,126
Chicago, IL
2 BR | Available Now
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$4,000 - 4,726
540 N. State Street Chicago, IL
2 BR | Available Now
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In Unit Laundry
$1,199 - 5,229
555 West Kinzie Street Chicago, IL
Studio - 2 BR | Available Now
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Covered Parking
6
$5,000
Chicago, IL
3 BR | Jul. 15, 2024
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Near South Side
62
$1,866 - 3,629
540 N. State St. Chicago, IL
Studio - 2 BR | Available Now
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Covered Parking
46
$2,602 - 12,435
340 E North Water St Chicago, IL
Studio - 2 BR | Available Now
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Covered Parking
27
$4,441
Chicago, IL
2 BR | Ask for Availability
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In Unit Laundry
Balcony/Deck/Patio
216
$2,629 - 9,049
Chicago, IL
1 - 3 BR | Ask for Availability
Streeterville
29
$3,500
Chicago, IL
2 BR | Jun. 1, 2024
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Dog Friendly
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In Unit Laundry
56
$2,113 - 2,750
Chicago, IL
1 - 2 BR | Ask for Availability
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In Unit Laundry
Balcony/Deck/Patio
19
$ Ask - 3,901
353 Desplaines St N Chicago, IL
Studio - 2 BR | Available Now
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In Unit Laundry
15
$2,398
Chicago, IL
1 BR | Available Now
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14
$2,369
Chicago, IL
1 BR | Available Now
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17
$1,989
Chicago, IL
Studio | Available Now
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Balcony/Deck/Patio
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18
$3,689
Chicago, IL
2 BR | Available Now
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12
$2,690 - 7,440
369 W Grand Ave Chicago, IL
Studio - 3 BR | Available Now
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Chicago:
May Rent Report

Welcome to the May 2024 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Chicago rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Chicago and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Chicago average rent prices in the chart below.

Monthly Rent Report

$2,350
$1,760
$1,180
$590
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Chicago Rent Prices Increase From April to May

Chicago rent prices increased over the last month. From April to May, the city experienced a 1.06% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,913.0.

When we take a look at the two-bedroom comparison from April to May, Chicago experienced a 1.31% increase for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,251.0.

May Prices: Chicago vs. Surrounding Areas

Des Plaines, IL
Chicago, IL
Schaumburg, IL
Evanston, IL
Lombard, IL
Naperville, IL
Arlington Heights, IL
Oak Park, IL
$1,901
$1,893
$1,868
$1,822
$1,621
$1,437
$1,437
$1,265
$0
$650
$1,300
$1,950
$2,600
Median 1 BR Rent

Rent Prices in Chicago and Surrounding Areas

Rent prices have increased in Chicago over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 6 of the Chicago suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Oak Park, IL, Evanston, IL, Arlington Heights, IL, Lombard, IL, Schaumburg, IL, Des Plaines, IL .

  • Rent decreased in Naperville, IL.

  • 7 suburbs are currently priced lower than the city of Chicago.

May 2024 Pricing Trends: Chicago vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Chicago Rent Prices More Affordable Than Major Cities

Rent growth in Chicago over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Chicago average rent prices appear to be relatively affordable for local residents.

The price for a Chicago one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Chicago and surrounding area rent prices, take a look at the complete data set below.

Data set for Chicago and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Chicago, IL $1,893.0 1.45% $2,222.0 1.74%
Naperville, IL $1,437.0 -0.35% $1,842.0 0.11%
Oak Park, IL $1,265.0 0.56% $1,757.0 -0.73%
Evanston, IL $1,822.0 1.50% $1,968.0 1.92%
Arlington Heights, IL $1,437.0 2.21% $1,875.0 0.11%
Lombard, IL $1,621.0 1.95% $1,975.0 1.86%
Schaumburg, IL $1,868.0 4.42% $2,407.0 6.88%
Des Plaines, IL $1,901.0 6.20% $2,166.0 5.45%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.