Last updated on September 18, 2026

Average rent in
Illinois Institute of Technology, IL

Median rent

Median rent in Chicago

$1,602/mo

increased by7%

vs previous year

The average rent in Chicago is $1,602 per month as of September 2026. This is 16% below the national average rent, or $298 less per month.

$2.06

average price per square foot

Total rentals

Available rentals in Chicago

39

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Chicago rentals at each price point

60%45%30%15%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Illinois Institute of Technology, IL

Average rent prices in Chicago have increased by 7% 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 Illinois Institute of Technology, IL

Rent prices in Chicago vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Chicago is $1,555, whereas a house costs $2,575. 1-bedroom apartments in Chicago run $1,350 on average, while 2-bedroom apartments are $1,680.

Listings

Studio

$1,205

-

6%

1 bedroom

$1,370

-

4%

2 bedroom

$1,795

-

2%

3 bedroom

$2,175

-

25%

Studio

Average rent

$1,205

Last year

6%

1 bedroom

Average rent

$1,370

Last year

4%

2 bedroom

Average rent

$1,795

Last year

2%

3 bedroom

Average rent

$2,175

Last year

25%

The table above reflects average rent prices in Illinois Institute of Technology, 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 Illinois Institute of Technology, IL

3434 S Wallace St #B - Photo 1 of 1

5d+ ago

Bridgeport apartment for rent in Chicago

3202 S Canal St #2 - Photo 1 of 1

19h ago

Bridgeport condo for rent in Chicago

3202 S Canal St #2, Chicago, IL 60616

2 beds

1 bath

$1,000

WENTWORTH - Photo 1 of 1

4h ago

8.3

Very good

WENTWORTH

2910 S Wentworth Ave, Chicago, IL 60616

2–3 beds

1 bath

$1,395–$1,750

2912 S Wentworth Ave #2F - Photo 1 of 1

18h ago

Armour Square apartment for rent in Chicago

2912 S Wentworth Ave #2F, Chicago, IL 60616

2 beds

1 bath

$1,395

Stay up to date with rental market insights

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Frequently asked questions for Illinois Institute of Technology, IL

Quick answers to common questions about the Chicago rental market.

How much is rent in Chicago?

The average rent in Chicago is $1,602 per month as of September 12, 2026.

Is rent up or down in Chicago?

Average rent prices in Chicago have increased by 7% since last year.

How does Chicago rent compare to the national average?

Rent in Chicago is 16% below the national average, which means renters are paying approximately $298 less per month.

What salary do I need to afford rent in Chicago?

To comfortably afford rent in Chicago, you'd need to earn approximately $64,000/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).

One East Delaware