The average monthly rent of apartments in Chicago, IL is $2,454.
Apartments for Rent in Chicago, IL
Compared to the national average rent of $1,741, the average rent in Chicago, IL is $2,454.
The average monthly rent of apartments in Chicago, IL is $2,454.
About 19% of apartment rents in Chicago, IL range between $1,501-$2,000. Meanwhile, apartments around $2,001-$2,500 represent 20% of apartments. Around 18% of Chicago’s apartments are in the $1,001-$1,500 price range. 2% of apartments are priced ≤ $1000. A share of 18% of apartment rentals in Chicago are in the $2,501-$3,000 range. There are 23% of apartment rentals in Chicago in the > $3,000 range.
The largest share of rentals in Chicago, IL (23%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Prices and availability in Chicago, IL were last updated on 19 Feb 2026.
The best apartments in Chicago, IL are: 2533 W. Augusta Blvd., 2950 North Sheridan, 8951 S Ada St, 2801 W Logan and Mulligan School Apartments.
The average rent in Chicago, IL is $2,241.
The price range for a studio apartment in Chicago, IL is between $75 and $22,000.
The price range for a 1-bedroom apartment in Chicago, IL is between $610 and $9,581.
The price range for a 2-bedroom apartment in Chicago, IL is between $610 and $42,717.
The price range for a 3-bedroom apartment in Chicago, IL is between $75 and $55,853.
In Chicago 54% of the housing is rented out compared to 46% of homes are owned, according to the most recent Census Bureau estimates. 26% of Chicago's apartments are found in large buildings of 50 units or more, 67% are located in smaller apartment complexes with less than 50 units, and 6% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Chicago are about 40 years old, on average. Of these, 41% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 19 stories. About 21% of the rental communities here are low-rise, garden-style communities, 26% are mid-rises, and 61% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Rental apartments in Chicago come in a range of sizes and floorplans. Studio apartments represent 22% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 51% of the total apartments in the city, while 2-bedroom floorplans represent around 21% of all rentals in Chicago. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.