Chicago Rents Rose 2.8% in 2014

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The rental market in Chicago this year saw a modest increase of 2.8%, with a number of neighborhoods experiencing strong growth.  Areas such as Lincoln Park (6.25%), West Town (5.85%) and Uptown (9%) each saw a rise above the overall city average.

Chicago_Rents_2014Another interesting point in 2014 was the split in trends between Near North Side and The Loop, each one of the most expensive neighborhoods in Chicago this year. While The Loop stayed flat (-0.05%), Near North Side surged, experiencing a 14% pop in rents.

To take a look at the current market for rentals, check out apartments for rent in Chicago on Zumper.

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