Chicago renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Chicago is about $1,476 per month. This puts it in the 71st percentile compared to the state average cost of rent, which is $1,330. Households in Chicago have a median income of $6,740 per month so the average renter in Chicago is spending roughly 22% of their earnings on housing.
Nationally, and in Chicago, home values are the data point most closely correlated with the cost of rent. The median price of a home in Chicago is $363,346 right now, which is lower than cities nearby, meaning that rents in Chicago also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of Chicago while lower rent rates are often available in southeastern areas.
Nearby Cities
- Chicago, IL: comparable rent prices
- Evergreen Park, IL: more expensive rent prices
- Cicero, IL: less expensive rent prices
- Oak Park, IL: less expensive rent prices
- Berwyn, IL: less expensive rent prices
- Stickney, IL: less expensive rent prices
- Forest Park, IL: less expensive rent prices
- Forest View, IL: more expensive rent prices
- River Forest, IL: less expensive rent prices
- Riverside, IL: less expensive rent prices
Cities with Similar Populations
- Brooklyn, NY: more expensive rent prices
- Baltimore, MD: more expensive rent prices
- Orlando, FL: more expensive rent prices
- San Antonio, TX: less expensive rent prices
- Portland, OR: more expensive rent prices
- Charlotte, NC: less expensive rent prices
- Pittsburgh, PA: less expensive rent prices
- Tampa, FL: less expensive rent prices
- Houston, TX: more expensive rent prices
- Sacramento, CA: more expensive rent prices
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