Apartments in Hegewisch Chicago

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7
$1,105
1633 Harbor Ave Calumet City, IL
2 BR | Available Now
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Balcony/Deck/Patio
9
$1,090
1475 State St Calumet City, IL
1 BR | Available Now
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6
$960
1501 State St Calumet City, IL
1 BR | Available Now
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Covered Parking
Balcony/Deck/Patio
$1,000
Calumet City, IL
2 BR | Ask for Availability
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13
$1,500
Calumet City, IL
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Surface Parking
$1,320
Calumet City, IL
2 BR | Available Now
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Disability Access
6
$920
1573 State St Calumet City, IL
1 BR | Available Now
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12
$1,200
1677 State St Calumet City, IL
2 BR | Available Now
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Covered Parking
Balcony/Deck/Patio
11
$900
Hammond, IN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
4
$1,150
Hammond, IN
2 BR | Available Now
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Air Conditioning
Surface Parking
Balcony/Deck/Patio
Disability Access
Dishwasher
7
$1,000
Dolton, IL
2 BR | Available Now
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Chicago:
March Rent Report

Welcome to the March 2024 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 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

$2,300
$1,730
$1,150
$580
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Chicago Rent Prices Increase From February to March

Chicago rent prices increased over the last month. From February to March, the city experienced a 1.86% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,866.0.

When we take a look at the two-bedroom comparison from February to March, Chicago experienced a 1.72% increase for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,184.0.

March Prices: Chicago vs. Surrounding Areas

Chicago, IL
Evanston, IL
Schaumburg, IL
Des Plaines, IL
Lombard, IL
Naperville, IL
Arlington Heights, IL
Oak Park, IL
$1,832
$1,770
$1,752
$1,694
$1,595
$1,447
$1,442
$1,253
$0
$600
$1,200
$1,800
$2,400
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 4 of the Chicago suburbs increased last month. On the other hand, 3 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, Schaumburg, IL, Des Plaines, IL .

  • Rent decreased in Naperville, IL, Arlington Heights, IL, Lombard, IL.

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

March 2024 Pricing Trends: Chicago vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
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 March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Chicago, IL $1,832.0 1.27% $2,147.0 1.13%
Naperville, IL $1,447.0 -0.07% $1,830.0 0.11%
Oak Park, IL $1,253.0 0.16% $1,744.0 1.99%
Arlington Heights, IL $1,442.0 -4.06% $1,871.0 0.16%
Evanston, IL $1,770.0 1.43% $1,919.0 -1.84%
Lombard, IL $1,595.0 -3.04% $1,919.0 3.06%
Schaumburg, IL $1,752.0 1.39% $2,178.0 1.44%
Des Plaines, IL $1,694.0 0.89% $2,013.0 2.18%

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.