Falling behind Philadelphia last month, Chicago became the 16th most expensive city to rent with one and two bedrooms priced at $1,520 and $1,860, respectively. Notably, on a year over year basis, two bedroom rent is down over 15%.
(Note: this map is interactive so use the zoom feature and hover over the legend for more info)
While Humboldt Park and West Town had the fastest growing rents last quarter, both up 15%, Pullman saw the largest rent dip, falling 12.5%.
This fall, River North ($2,290) moved past West Loop ($2,200) to rank as the priciest neighborhood. Greektown, Loop, and Streeterville, all priced at or above the $2,000 threshold, followed closely behind as the next most expensive areas. Rentals priced closer to the city median of $1,520 could be found in Bucktown, East Village, and Ukrainian Village.
More affordable neighborhoods with rents less than $1,000 included Chinatown, Belmont Cragin, Hermosa.
If you want to see how Chicago’s prices compare with the rest of the nation’s, check out our National Rent Report for September, which analyzes over 1 million active listings available in the prior month.
To keep up to date with rent changes across the country, like or follow Zumper on Facebook, Gazouillement, Pinterest, and Instagram. In the market for a new place? Search all apartments for rent in Chicago on Zumper now.
For a more in-depth look into how and why we calculate our rental data, check out our methodology post here.
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