The average monthly rent for an apartment in Downtown Chicago, Chicago, IL is around $2,208.
Studio 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 increased by 5.73% over the past year. The average rent moved from $2,088 to $2,208.
Check out the average rent in Chicago.
The national average price of rental apartments is $1,741, while the average monthly rent in Downtown Chicago, Chicago, IL is $2,208.
The average monthly rent for an apartment in Downtown Chicago, Chicago, IL is around $2,208.
A share of 10% of apartments in Downtown Chicago, Chicago, IL have the cheapest rents between $1,001-$1,500. Around 15% of rentals are $2,501-$3,000. Around 41% of Downtown Chicago's apartments have monthly rents between $1,501-$2,000. There are 31% of apartments with rents between $2,001-$2,500. A share of 3% of apartment rentals in Chicago are in the > $3,000 range.
The largest share of rentals in Downtown Chicago, Chicago, IL (41%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
There are 8 studio rentals available on RentCafe. Prices and availability in Downtown Chicago, Chicago, IL were last updated on 28 Feb 2026.
The average Downtown Chicago, Chicago, IL studio apartment size is 305 sq. ft.
Studio apartments in Downtown Chicago, Chicago, IL tend to be more affordable than other apartments and they have lower utility costs.
One of the downsides of living in a studio apartment is the limited storage space.
In total, Downtown Chicago, Chicago, IL has 25,860 residents, 13,425 women and 12,435 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 14,263 households in Downtown Chicago, Chicago, IL. Of these, 1,571 have children and 12,692 are without children. Per Census Bureau’s most current estimates, 4,625 family households and 9,638 non-family households live in this area. The size of a household in Downtown Chicago is 1.12 people, on average. The median household annual income in Downtown Chicago equals $120,725, and the monthly housing costs equal $2,482.
According to data from the U.S. Census Bureau, 2% of the population in Downtown Chicago, Chicago, IL have no high school education, 10% went to high-school, and 12% have partially completed college. Moreover, 3% of the population hold an Associate Degree, 36% hold a Bachelor Degree, and 37% hold a Graduate Degree.