Last updated on November 4, 2026

Average rent in
Coyne American Institute Chicago Loop, IL

Median rent

Median rent in Chicago

$3,040/mo

increased by6%

vs previous year

The average rent in Chicago is $3,040 per month as of October 2026. This is 60% above the national average rent, or $1,140 more per month.

$3.47

average price per square foot

Total rentals

Available rentals in Chicago

1,770

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Chicago rentals at each price point

50%38%25%13%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Coyne American Institute Chicago Loop, IL

Average rent prices in Chicago have increased by 6% since last year. At this time, we don't have enough information to generate yearly trends. Please see below for more rent price details.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Coyne American Institute Chicago Loop, IL

Rent prices in Chicago vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Chicago is $3,040, whereas a house costs $5,995. 1-bedroom apartments in Chicago run $2,915 on average, while 2-bedroom apartments are $4,075.

Listings

Studio

$2,391

-

9%

1 bedroom

$2,882

-

5%

2 bedroom

$4,011

-

7%

3 bedroom

$6,200

-

7%

4 bedroom

$7,641

-

36%

Studio

Average rent

$2,391

Last year

9%

1 bedroom

Average rent

$2,882

Last year

5%

2 bedroom

Average rent

$4,011

Last year

7%

3 bedroom

Average rent

$6,200

Last year

7%

4 bedroom

Average rent

$7,641

Last year

36%

The table above reflects average rent prices in Coyne American Institute Chicago Loop, IL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Discover rentals in Coyne American Institute Chicago Loop, IL

63 E Lake St #606M - Photo 1 of 1

5d+ ago

Loop apartment for rent in Chicago

63 E Lake St #606M, Chicago, IL 60601

Studio

1 bath

$1,532

Price dropped $176Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
63 E Lake St #0618 - Photo 1 of 1

5d+ ago

Loop apartment for rent in Chicago

63 E Lake St #0618, Chicago, IL 60601

Studio

1 bath

$1,577

Price dropped $176Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
63 E Lake St #405M - Photo 1 of 1

3d ago

Loop apartment for rent in Chicago

63 E Lake St #405M, Chicago, IL 60601

Studio

1 bath

$1,597

Price dropped $179Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
188 North Wells Street - Photo 1 of 1
3D tour

1d ago

9.9

Excellent

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188 North Wells Street

188 N Wells St #1232, Chicago, IL 60606

Studio–1 bed

1 bath

$1,620–$1,740

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Coyne American Institute Chicago Loop, IL

Quick answers to common questions about the Chicago rental market.

How much is rent in Chicago?

The average rent in Chicago is $3,040 per month as of October 31, 2026.

Is rent up or down in Chicago?

Average rent prices in Chicago have increased by 6% since last year.

How does Chicago rent compare to the national average?

Rent in Chicago is 60% above the national average, which means renters are paying approximately $1,140 more per month.

What salary do I need to afford rent in Chicago?

To comfortably afford rent in Chicago, you'd need to earn approximately $122,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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