Digging into our Chicago neighborhood data, we’ve made a comprehensive list of all Chicago neighborhoods and their respective price per square foot to show you which area of the city has the best and most spacious deals. We found that the median price per square foot for apartments in this city is about $3.07.
Where Your Money Can Stretch The Furthest
All under $1 per square foot, these 5 neighborhoods had the best deals on apartments in terms of getting the most space for your money:
- Archer Heights had the most spacious apartments for your money at just $0.26 cents per square foot. Located close to the I-55 highway, this area makes commuting to downtown Chicago convenient.
- New City was the second best neighborhood to stretch your dollar the furthest at $0.86 cents a square foot.
- East Side followed closely behind with $0.90 cents per square foot.
- East Garfield Park, at $0.93 cents per square foot, was the most centrally located of the top 5 neighborhoods.
- West Englewood rounded out our top 5 neighborhoods with a median of $0.98 cents per square foot.
Least Space For Your Money
Ranging between $2.62 to $3.17, the following 5 neighborhoods had the apartments with the most expensive price per square foot:
- Loop at $3.17 per square foot was the most expensive neighborhood and where you could find the least deals.
- Near North Side followed closely behind with a median of $3.14 per square foot.
- Near West Side ranked as the third neighborhood with the least space at $2.90 per square foot.
- Lincoln Park apartments had a median of $2.75 per square foot.
- South Loop finished off the bottom 5 neighborhoods at a median of $2.62 per square foot.
Due to the convenience of location, all of the neighborhoods that are located centrally in the city asks for a price premium. Better deals can be found moving more inland and further out.
Full Data
| Neighborhood | Median Price Per Sq Foot |
|---|---|
| Loop | $3.17 |
| Near North Side | $3.14 |
| Near West Side | $2.90 |
| Lincoln Park | $2.75 |
| South Loop | $2.62 |
| Evanston | $2.50 |
| West Lawn | $2.47 |
| Hyde Park | $2.29 |
| Lakeview | $2.25 |
| West Town | $2.23 |
| Uptown | $2.10 |
| Lincoln Square | $2.06 |
| Kenwood | $1.99 |
| Edgewater | $1.99 |
| Logan Square | $1.94 |
| Rogers Park | $1.81 |
| Norridge | $1.79 |
| Lower West Side | $1.78 |
| North Center | $1.73 |
| Bridgeport | $1.68 |
| Douglas | $1.68 |
| Morgan Park | $1.67 |
| Avondale | $1.65 |
| O'hare | $1.64 |
| Gage Park | $1.55 |
| Forest Glen | $1.53 |
| Edison Park | $1.53 |
| Irving Park | $1.50 |
| Norwood Park | $1.49 |
| Oakland | $1.48 |
| Jefferson Park | $1.46 |
| Clearing | $1.44 |
| Grand Boulevard | $1.38 |
| Albany Park | $1.38 |
| Austin | $1.36 |
| Pottage Park | $1.36 |
| West Ridge | $1.35 |
| Riverdale | $1.32 |
| South Lawndale | $1.31 |
| Belmont Cragin | $1.30 |
| Humboldt Park | $1.29 |
| Dunning | $1.28 |
| West Elsdon | $1.23 |
| North Lawndale | $1.23 |
| South Deering | $1.22 |
| Brighton Park | $1.22 |
| Hermosa | $1.21 |
| Fuller Park | $1.20 |
| Washington Heights | $1.18 |
| Armour Square | $1.18 |
| Woodlawn | $1.15 |
| West Pullman | $1.15 |
| Washington Park | $1.14 |
| South Shore | $1.13 |
| North Park | $1.12 |
| Grand Crossing | $1.11 |
| Roseland | $1.11 |
| South Chicago | $1.10 |
| Pullman | $1.09 |
| Chicago Lawn | $1.08 |
| West Garfield Park | $1.07 |
| Chatham | $1.07 |
| Calumet Heights | $1.06 |
| Auburn Gresham | $1.06 |
| McKinley Park | $1.05 |
| Avalon Park | $1.01 |
| Beverly | $1.00 |
| Englewood | $1.00 |
| West Englewood | $0.98 |
| East Garfield Park | $0.93 |
| East Side | $0.90 |
| New City | $0.86 |
| Archer Heights | $0.26 |
If you’re interested in a more in-depth explanation of how and why we calculate our rent data, view our methodology post.
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