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1130 S Michigan Ave
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1611 W Division St, Chicago, Il 60622
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1401 S State St, Chicago, Il 60605
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Townhomes for Rent in Chicago, IL

1 of 6 Results
21
$1,447 - 3,017
1130 S Michigan Ave
5.0
Chicago, IL
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
$2,095 - 2,165
1611 W Division St, Chicago, Il 60622
Chicago, IL
1 BR | Available Now
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Dog Friendly
Cat Friendly
East Village
$1,765 - 3,080
1401 S State St, Chicago, Il 60605
Chicago, IL
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Near South Side
1 - 3 of 6 Results
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  2. Chicago
  3. Townhomes For Rent

How much does it cost to rent a townhomes in Chicago?

townhomes
Bed Type Average Rent Range
Studio $1,500 $1,330 - $1,900
1BR $1,960 $1,260 - $2,200
2BR $2,720 $670 - $3,070
3BR $940 $760 - $1,190
Chicago Apartments
Bed Type Average Rent Range
Studio $1,350 $810 - $2,360
1BR $1,860 $900 - $3,150
2BR $2,160 $970 - $4,530
3BR $2,680 $1,200 - $7,430
4+BR $3,760 $1,060 - $9,700
Chicago Townhomes For Rent vs. Chicago Average
Frequently Asked Questions

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

Rentable.co has over 184,280 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 $1,350 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 $1,860 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 $54,000 to live comfortably.

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

Rentable.co has 6 townhomes available for rent in Chicago.

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

The average rent for a townhomes in Chicago is around $1,870 per month.

Which neighborhoods have the most townhomes for rent in Chicago, IL?

  1. Garfield Park
  2. The Loop
  3. Gold Coast
  4. Near South Side
  5. East Village

Asset 2
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Chicago:
June Rent Report

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

Chicago rent prices increased over the last month. From May to June, the city experienced a 0.27% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,862.0.

When we take a look at the two-bedroom comparison from May to June, Chicago experienced a 0.94% increase for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,138.0.

June 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 5 of the Chicago suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Evanston, IL, Naperville, IL, Arlington Heights, IL, Lombard, IL, Schaumburg, IL .

  • Rent decreased in Oak Park, IL, Downers Grove, IL.

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

June 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 June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Chicago, IL $1,857.0 -0.22% $2,118.0 -0.38%
Evanston, IL $1,446.0 1.69% $1,763.0 0.57%
Oak Park, IL $1,205.0 -0.66% $1,679.0 1.39%
Naperville, IL $1,497.0 0.54% $1,805.0 0.39%
Arlington Heights, IL $1,494.0 3.18% $1,682.0 4.67%
Lombard, IL $1,715.0 1.78% $2,117.0 -2.22%
Downers Grove, IL $1,589.0 -1.06% $1,668.0 0.06%
Schaumburg, IL $1,730.0 5.94% $2,021.0 2.02%

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.