At a Glance
Despite a slight 2.9% drop in rents, Chicago remained the ninth most expensive rental market in the country last month, with the median one bedroom rent price settling at $1,670. At a local level, the most expensive neighborhood was again Near North Side at $2,000, up 1.0% in the month. The Loop (+3.2%, $1,960), Near West Side (+1.6%, $1,910), West Town (+3.4%, $1,840), and Lincoln Park (Unchanged, $1,750) rounded out the top five.
Notable Upward Trends
- Auburn Gresham surged 4.6% over the month to $680.
- North Lawndale rents increased 4.3% in the month, and 7.5% in the quarter to a median of $720.
- Lakeview saw a jump of 3.7% in February and 6.1% in the quarter, to a median rent of $1,400.
Notable Downward Trends
- Kenwood lost 4.1% in the month, ending with a median of $940.
- Evanston saw a dip of of 2.7%, down to $1,420.
- Edgewater also lost 2.8% in the period, to a median of $1,050.
Full List
National data, including neighborhood breakdowns, can be found within our February National Rent Report.
To keep up to date with rent changes across the country, like or follow Zumper on Facebook and Gazouillement. In the market for a new place? Search over 8,200 apartments for rent in Chicago.
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