The Zumper Chicago Metro Area Report analyzed active listings last month across metro cities to highlight the most and least expensive cities and cities with the fastest growing rents. The Illinois one bedroom median rent was $1,412 last month.
The Most Expensive
- Schaumburg ranked as the most expensive city with one-bedrooms priced at $2,050.
- Oak Park was the second priciest with rent at $2,040.
- Chicago ranked as third with rent at $1,990.
The Least Expensive
- Waukegan was the most affordable city with one-bedrooms priced at $1,040.
- Skokie ranked as the second least expensive with rent at $1,540.
- Aurora was third with rent at $1,620.
The Fastest Growing (Y/Y%)
- Schaumburg had the fastest growing rent, up 28.1% since this time last year.
- Aurora saw rent climb 14.1%, making it the second fastest growing.
- Naperville was third with rent increasing 7%.
The Fastest Growing (M/M%)
- Aurora had the largest monthly growth rate, up 3.4%.
- Chicago was second with rent climbing 3.1%.
- Skokie ranked as third with rent increasing 2%.
About
The Zumper Chicago Metro Area Report analyzed active listings that hit the market last month. Listings are aggregated by city to calculate median asking rents.
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