Last updated on November 2, 2026

Average rent in
Soma Institute, IL

Median rent

Median rent in Chicago

$2,945/mo

increased by7%

vs previous year

The average rent in Chicago is $2,945 per month as of October 2026. This is 55% above the national average rent, or $1,045 more per month.

$3.44

average price per square foot

Total rentals

Available rentals in Chicago

1,340

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Chicago rentals at each price point

55%41%28%14%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 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 Soma Institute, IL

Rent prices in Chicago vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Chicago is $2,944, whereas a house costs $3,750. 1-bedroom apartments in Chicago run $2,847 on average, while 2-bedroom apartments are $3,969.

Listings

Studio

$2,372

-

11%

1 bedroom

$2,818

-

5%

2 bedroom

$3,925

-

8%

3 bedroom

$5,900

-

1%

4 bedroom

$7,185

-

40%

Studio

Average rent

$2,372

Last year

11%

1 bedroom

Average rent

$2,818

Last year

5%

2 bedroom

Average rent

$3,925

Last year

8%

3 bedroom

Average rent

$5,900

Last year

1%

4 bedroom

Average rent

$7,185

Last year

40%

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

30 East Roosevelt Road - Photo 1 of 1
3D tour

3d ago

9.3

Excellent

Our team has verified this company

Verified

30 East Roosevelt Road

30 E Roosevelt Rd #802, Chicago, IL 60605

1–2 beds

1 bath

$2,060–$2,430

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.
777 South State - Photo 1 of 1
Rent special

1d ago

9.4

Excellent

777 South State

2 E 8th St, Chicago, IL 60605

1–2 beds

1–2 baths

$2,180–$3,055

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
731 Plymouth by 3L Living - Photo 1 of 1

5d+ ago

8

Very good

731 Plymouth by 3L Living

731 S Plymouth Ct, Chicago, IL 60605

2–3 beds

1 bath

$2,379–$3,399

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.
343 S Dearborn St #2-1 - Photo 1 of 1

5d+ ago

Our team has verified this company

Verified

2 beds

1 bath

$2,635

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 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 $2,945 per month as of October 31, 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 55% above the national average, which means renters are paying approximately $1,045 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 $118,000/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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