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The Alfred
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2 Michigan Ave, Unit 0000
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310 S Michigan Ave
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310 S Michigan Ave, Unit 2101
(312) 404-8850
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330 S Michigan Ave Unit 1806
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55 E. Washington St.
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Pittsfield Apartments
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5 N Dearborn St, Unit 0000
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Urban Abodes
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817 Elm St
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City Flats Chicago
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Fisher Building
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175 North Harbor Dr.
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939 W Washington St
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939 W Washington St
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2535-41 N. Campbell
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25 W Randolph St
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73 E Lake
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Apartments Near School of the Art Institute of Chicago

1 of 3,089 Results
22
$1,875
Millennium Park Plaza
3.4
151 N Michigan Ave Chicago, IL
1 BR | Ask for Availability
0.3 miles from center of campus
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Covered Parking
Fitness Center
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0
$1,650
1040 West 18th
Chicago, IL
2 BR | May. 1, 2023
0.3 miles from center of campus
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Dog Friendly
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The Loop
0
$1,150
1040 West 18th
Chicago, IL
Studio | May. 1, 2023
0.3 miles from center of campus
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The Loop
15
$1,790 - 3,055
The Alfred
30 East Adams St. Chicago, IL
Studio - 2 BR | Available Now
0.1 miles from center of campus
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8
$2,550
2 Michigan Ave, Unit 0000
Chicago, IL
2 BR | Available Now
0.1 miles from center of campus
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19
$1,500
5 N Wabash Ave, Unit 1507
Chicago, IL
1 BR | Available Now
0.1 miles from center of campus
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The Loop
13
$2,900
310 S Michigan Ave
Chicago, IL
2 BR | Available Now
0.2 miles from center of campus
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Heat Included
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27
$6,000
310 S Michigan Ave, Unit 2101
Chicago, IL
3 BR | Available Now
0.2 miles from center of campus
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12
$3,850
330 S Michigan Ave Unit 1806
Chicago, IL
2 BR | Available Now
0.2 miles from center of campus
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The Loop
$995 - 2,600
55 E. Washington St.
Chicago, IL
Studio - 3 BR | Available Now
0.2 miles from center of campus
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The Loop
50
$1,350 - 2,595
Pittsfield Apartments
55 East Washington St Chicago, IL
Studio - 3 BR | Available Now
0.2 miles from center of campus
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The Loop
13
$5,999
5 N Dearborn St, Unit 0000
Chicago, IL
3 BR | Available Now
0.3 miles from center of campus
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1
$1,395
Urban Abodes
129 S. Harvey, Unit 5 Chicago, IL
1 BR | Mar. 24, 2023
0.3 miles from center of campus
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Heat Included
Dog Friendly
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1
$1,295
Urban Abodes
1231 W. Chase, Unit 5 Chicago, IL
1 BR | Apr. 1, 2023
0.3 miles from center of campus
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The Loop
1
$1,545
Urban Abodes
918 Green Bay, Unit L2 Chicago, IL
1 BR | May. 1, 2023
0.3 miles from center of campus
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19
$1,995
Urban Abodes
1000 Crain, Unit 5 Chicago, IL
1 BR | Mar. 24, 2023
0.3 miles from center of campus
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3
$1,295 - 1,995
817 Elm St
Chicago, IL
1 BR | Mar. 24, 2023
0.3 miles from center of campus
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1
$1,395
City Flats Chicago
129 S. Harvey, Unit 4 Chicago, IL
1 BR | Available Now
0.3 miles from center of campus
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1
$1,545
City Flats Chicago
918 Green Bay, Unit L2 Chicago, IL
1 BR | May. 1, 2023
0.3 miles from center of campus
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$1,775 - 2,405
Fisher Building
4.0
343 S Dearborn St Chicago, IL
1 - 2 BR | Available Now
0.3 miles from center of campus
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1381
$1,780 - 22,050
175 North Harbor Dr.
Chicago, IL
Studio - 4 BR | Ask for Availability
0.3 miles from center of campus
Dog Friendly
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Grant Park
26
$4,276
939 W Washington St
Chicago, IL
3 BR | Ask for Availability
0.3 miles from center of campus
The Loop
12
$1,750
939 W Washington St
Chicago, IL
Studio | Ask for Availability
0.3 miles from center of campus
The Loop
15
$2,439
939 W Washington St
Chicago, IL
1 BR | Ask for Availability
0.3 miles from center of campus
The Loop
16
$2,629
939 W Washington St
Chicago, IL
1 BR | Ask for Availability
0.3 miles from center of campus
The Loop
22
$2,595
2535-41 N. Campbell
2455-57 W. Logan / 2535-41 N. Campbell Chicago, IL
2 BR | Available Now
0.3 miles from center of campus
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Dog Friendly
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In Unit Laundry
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The Loop
5
$875
7800-06 S Essex
Chicago, IL
1 BR | Available Now
0.3 miles from center of campus
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Heat Included
Dog Friendly
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The Loop
41
$1,900 - 5,237
25 W Randolph St
Chicago, IL
Studio - 3 BR | Ask for Availability
0.3 miles from center of campus
The Loop
11
$899 - 1,349
417 S. Dearborn St.
Chicago, IL
1 BR | Available Now
0.4 miles from center of campus
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Air Conditioning
In Unit Laundry
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Fitness Center
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2
$2,307 - 4,361
73 E Lake
5.0
73 E Lake St Chicago, IL
Studio - 2 BR | Available Now
0.4 miles from center of campus
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Heat Included
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1 - 30 of 3,089 Results
  1. Home
  2. Chicago
  3. School of the Art Institute of Chicago

How much does it cost to rent an apartment in Chicago?

Chicago Apartments
Bed Type Average Rent Range
Studio $1,300 $800 - $2,330
1BR $1,900 $900 - $3,030
2BR $2,160 $1,000 - $4,400
3BR $2,640 $1,180 - $7,050
4+BR $3,250 $1,250 - $14,490
Frequently Asked Questions

How many apartments are available in Chicago, IL on Rentable.co?

Rentable.co has over 178,336 apartments available in Chicago.

What is the average rent for a studio apartment in Chicago, IL?

The average rent for a studio apartment in Chicago is around $1,300 per month.

What is the average rent for a one-bedroom apartment in Chicago, IL?

The average rent for a one-bedroom apartment in Chicago is around $1,900 per month.

What is the average rent for a two-bedroom apartment in Chicago, IL?

The average rent for a two-bedroom apartment in Chicago is around $2,160 per month.

How expensive is living in Chicago, IL?

Based on average rent prices in Chicago, to afford a studio apartment you would need an annual salary of $52,000 to live comfortably.

School of the Art Institute of Chicago

The School of the Art Institute’s location allows students to have better access to public transportation than arguably anyone else in the city. There are four subway stations within just one block of campus, which provide access to the Red, Blue, Brown, Green, Pink, Purple, and Orange subway lines (essentially all of them). Outside of the one block radius, there are around 15 subway stops within walking distance of campus. There are also three train stations within walking distance of campus, which provide access to the city’s “L” rail system. Last but not least, there are dozens of nearby bus stops that students can use to get around the city. The School of the Art Institute has a perfect location in downtown Chicago that is unmatched by nearly any other school in the city. The school doesn’t necessarily have a traditional college campus, but if you walk one block east, you will find Millenium Park--Chicago’s most well-known public park. In the summer, there are always concerts, festivals, and other fun events going on there. Aside from the park, the school is within blocks of the city’s best bars, music venues, theaters, clubs, and any other hot weekend spot you can think of. And because of the access to public transportation, you will be able to easily explore the rest of the city as well.

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Chicago:
March Rent Report

Welcome to the March 2023 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 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

Chicago Rent Prices Increase From February to March

Chicago rent prices increased over the last month. From February to March, the city experienced a 0.87% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,850.0.

When we take a look at the two-bedroom comparison from February to March, Chicago experienced a -0.55% decrease for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,154.0.

March Prices: Chicago vs. Surrounding Areas

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 1 of the Chicago suburb increased last month. On the other hand, 6 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Oak Park, IL .

  • Rent decreased in Evanston, IL, Lombard, IL, Naperville, IL, Arlington Heights, IL, Downers Grove, IL, Schaumburg, IL.

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

March 2023 Pricing Trends: Chicago vs. National Comparisons

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 $1,834.0 1.83% $2,166.0 0.84%
Evanston, IL $1,466.0 -4.93% $1,759.0 -0.73%
Lombard, IL $1,703.0 -1.62% $2,416.0 -2.03%
Naperville, IL $1,501.0 -0.33% $1,858.0 -1.85%
Arlington Heights, IL $1,399.0 -1.62% $1,628.0 -1.75%
Oak Park, IL $1,218.0 0.66% $1,673.0 -3.18%
Downers Grove, IL $1,582.0 -0.06% $1,672.0 -0.42%
Schaumburg, IL $1,577.0 -4.08% $1,946.0 0.31%

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.