Last updated on September 18, 2026

Average rent in
Soma Institute, IL

Median rent

Median rent in Chicago

$2,882/mo

increased by3%

vs previous year

The average rent in Chicago is $2,882 per month as of September 2026. This is 52% above the national average rent, or $982 more per month.

$3.34

average price per square foot

Total rentals

Available rentals in Chicago

690

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 Soma Institute, IL

Average rent prices in Chicago have increased by 3% 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 Soma Institute, IL

Rent prices in Chicago vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Chicago is $2,915, whereas a house costs $2,900. 1-bedroom apartments in Chicago run $2,800 on average, while 2-bedroom apartments are $4,020.

Listings

Studio

$2,337

-

15%

1 bedroom

$2,721

-

6%

2 bedroom

$3,985

-

17%

3 bedroom

$6,412

-

14%

4 bedroom

$7,856

-

118%

Studio

Average rent

$2,337

Last year

15%

1 bedroom

Average rent

$2,721

Last year

6%

2 bedroom

Average rent

$3,985

Last year

17%

3 bedroom

Average rent

$6,412

Last year

14%

4 bedroom

Average rent

$7,856

Last year

118%

The table above reflects average rent prices in Soma Institute, 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 Soma Institute, IL

1000 South Michigan Avenue - Photo 1 of 1

18h ago

8.4

Very good

Our team has verified this company

Verified

1000 South Michigan Avenue

1000 S Michigan Ave, Chicago, IL 60605

Studio–4 beds

1–4 baths

$2,200–$28,270

North Lake Shore & Illinois #PH - Photo 1 of 1

5d+ ago

Our team has verified this company

Verified

701 S Wells St #3400 - Photo 1 of 1

5d+ ago

Loop condo for rent in Chicago

701 S Wells St #3400, Chicago, IL 60607

4 beds

2.5 baths

$14,500

Imprint - Photo 1 of 1

1h ago

9.1

Excellent

Imprint

717 S Clark St, Chicago, IL 60605

Studio–4 beds

1–4 baths

$1,843–$13,822

The price shown reflects a 12-month lease and includes base rent plus all required monthly fees provided by the property.

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 Soma Institute, IL

Quick answers to common questions about the Chicago rental market.

How much is rent in Chicago?

The average rent in Chicago is $2,882 per month as of September 12, 2026.

Is rent up or down in Chicago?

Average rent prices in Chicago have increased by 3% since last year.

How does Chicago rent compare to the national average?

Rent in Chicago is 52% above the national average, which means renters are paying approximately $982 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 $115,000/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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