Property prices for rent in Chicago (Illinois)

The rent prices in real estate in Chicago, in the Illinois region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$1,773.17
Average price last 6 months
$2.97
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Chicago has risen strongly during the last 6 months. In March, the average price per sq.feet was $2.21. In April this price barely changed remaining at $2.25 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.23 to $2.28 per sq.feet. The price per sq.feet has had a considerable rise of 196 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $2.25 to $4.41 during July, and August.

Average price

When referring to the price in Chicago (cities), this has risen in the last 6 months. The rent price in March is $1,586, rising in April till $1,770. During the following two months (May, June) the price has had an average rise from $1,678 to $1,774.5. Based on an analysis of the first four prices and the last two months the average price has increased 108 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,850 they are 6 % more affordable than the average price for Chicago . The properties with the highest average price have 4 bedrooms, Their price is 62 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,296.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.68 / sq.feet, with an average $6.47 / sq.feet price in Chicago. The properties with the most affordable average prices have 1 bedroom. They are 60 % more affordable than the average followed by properties with 2 bedrooms with a price at $2.17 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $1,850 it is 33 % more affordable than the average price in Chicago. "Condo" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "House". At a price of $2,659 it is 67 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2.34 / sq.feet followed by "Townhouse" priced at $2.97 / sq.feet. "Land" is the most expensive type of property with a $112 / sq.feet value followed by "House" with an average price of $111.71 / sq.feet.

Charts data
Average price August
Average price per sq.feet August
Number of properties used in Chicago
Number of properties used in region Illinois
$1,850
$6.47
326,026
404,280
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
1552 N North Park/301 W North Ave North Park Pointe 303,403,503,603,703
 1
1552 N North Park/301 W North Ave North Park Pointe 303,403,503,603,703
$2,400
Chicago, Illinois - For Rent - Apartment - 628 sq.feet - 1 bedroom - 1 bathroom
Take one look inside north park pointe and let your apartment search end.With 1, 2 & 3 bedroom units available and its proximity to everything old town has to...
1552 N North Park/301 W North Ave North Park Pointe 208,308,408,507,607,707
 1
1552 N North Park/301 W North Ave North Park Pointe 208,308,408,507,607,707
$3,100
Chicago, Illinois - For Rent - Apartment - 891 sq.feet - 2 bedrooms - 2 bathrooms
Take one look inside north park pointe and let your apartment search end.With 1, 2 & 3 bedroom units available and its proximity to everything old town has to...
1552 N North Park/301 W North Ave North Park Pointe 202
 1
1552 N North Park/301 W North Ave North Park Pointe 202
$2,425
Chicago, Illinois - For Rent - Apartment - 659 sq.feet - 1 bedroom - 1 bathroom
Take one look inside north park pointe and let your apartment search end.With 1, 2 & 3 bedroom units available and its proximity to everything old town has to...
1552 N North Park/301 W North Ave North Park Pointe 304, 404
 1
1552 N North Park/301 W North Ave North Park Pointe 304, 404
$2,425
Chicago, Illinois - For Rent - Apartment - 620 sq.feet - 1 bedroom - 1 bathroom
Take one look inside north park pointe and let your apartment search end.With 1, 2 & 3 bedroom units available and its proximity to everything old town has to...
1552 N North Park/301 W North Ave North Park Pointe 305,405
 1
1552 N North Park/301 W North Ave North Park Pointe 305,405
$2,350
Chicago, Illinois - For Rent - Apartment - 634 sq.feet - 1 bedroom - 1 bathroom
Take one look inside north park pointe and let your apartment search end.With 1, 2 & 3 bedroom units available and its proximity to everything old town has to...