The average monthly rent for an apartment in Downtown Chicago, Chicago, IL is around $2,872.
1 Bedroom Apartments for Rent in Downtown Chicago, Chicago, IL
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More Rentals Near Downtown Chicago, Chicago, IL
Rental prices in Downtown Chicago, Chicago, IL have decreased by 0.64% over the past year. The average rent moved from $2,890 to $2,872.
Check out the average rent in Chicago.
The national average price of rental apartments is $1,740, while the average monthly rent in Downtown Chicago, Chicago, IL is $2,872.
The average monthly rent for an apartment in Downtown Chicago, Chicago, IL is around $2,872.
A share of 4% of apartments in Downtown Chicago, Chicago, IL have the cheapest rents between $1,501-$2,000. Around 16% of rentals are > $3,000. Around 22% of Downtown Chicago's apartments have monthly rents between $2,001-$2,500. There are 59% of apartments with rents between $2,501-$3,000.
The largest share of rentals in Downtown Chicago, Chicago, IL (59%) fall between $2,501-$3,000 per month. This suggests that most people succesfully find suitable apartments within this price.
There are 8 1 bedroom rentals available on RentCafe. Prices and availability in Downtown Chicago, Chicago, IL were last updated on 13 Apr 2026.
The average Downtown Chicago, Chicago, IL 1 bedroom apartment size is 486 sq. ft.
Renting a 1 bedroom apartment comes with more living and storage space compared to a studio apartment.
1 bedroom apartments are usually more expensive than studio apartments in terms of rent and utility costs.
In total, Downtown Chicago, Chicago, IL has 26,706 residents, 13,484 women and 13,222 men, per U.S. Census recent estimates. Statistics show that the median age of Downtown Chicago’s population is 33.
There is a total of 14,757 households in Downtown Chicago, Chicago, IL. Of these, 1,625 have children and 13,132 are without children. Per Census Bureau’s most current estimates, 4,729 family households and 10,029 non-family households live in this area. The size of a household in Downtown Chicago is 1.67 people, on average. The median household annual income in Downtown Chicago equals $122,690, and the monthly housing costs equal $2,594.
According to data from the U.S. Census Bureau, 2% of the population in Downtown Chicago, Chicago, IL have no high school education, 9% went to high-school, and 13% have partially completed college. Moreover, 3% of the population hold an Associate Degree, 38% hold a Bachelor Degree, and 35% hold a Graduate Degree.