Dropping one spot, Chicago ranked as the 17th most expensive rental market in our most recent national rent report. One bedroom rent remained flat at $1,500, while two bedrooms grew 5% to $1,900. Notably, on a year over year basis, both one and two bedroom prices are down around 15%.
(Note: this map is interactive so use the zoom feature and hover over the legend for more info)
While Ashburn and North Park saw the largest rent spikes this quarter, both up around 20%, Burnside and Clearing took the largest rent dips, both down around 12%.
West Loop ($2,250) and River North ($2,240) dethroned Greektown ($2,220) to be the two most expensive neighborhoods to rent this summer. Loop and Streeterville, both priced over $2,000, were the next priciest areas. Mid-range priced rentals for about $1,500 could be found in Ukrainian Village, Little Italy, and Lake View.
The least expensive neighborhoods included Fuller Park, South Deering, and West Pullman.
If you want to see how Chicago’s rents with the rest of the nation’s, check out our National Rent Report for June, 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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