Property prices for rent in Chicago (Illinois)

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

$2,011.67
Average price last 6 months
$2.67
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Chicago has risen during the last 6 months. In November, the average price per sq.feet was $2.45. In December this price barely changed remaining at $2.52 per sq.feet. In the following two months the price per sq.feet has risen 107 %, going from $2.48 to $2.66 per sq.feet. The price per sq.feet has risen 111 % 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 $2.57 to $2.86 during March, and April.

Average price

When referring to the price in Chicago (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,934. In December This price remains at $1,924. In the following two months the average price has hardly changed with regard to the previous two months from $1,929 to $1,995. 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 $2,079 they are 5 % more affordable than the average price for Chicago . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,649.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.06 / sq.feet, with an average $2.77 / sq.feet price in Chicago. The properties with the most expensive average prices have 4 bedrooms. They are 3 % more expensive than the average followed by properties with 1 bedroom with a price at $2.85 / 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 $2,079 it is 44 % more affordable than the average price in Chicago. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $2,381 it is 41 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "House" at an average price of $2.42 / sq.feet followed by "Condo" priced at $3.07 / sq.feet. "Townhouse" is the most expensive type of property with a $56.35 / sq.feet value followed by "Villa" with an average price of $31 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Chicago
Number of properties used in region Illinois
$2,079
$2.77
134,236
189,150
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
Moment 1 Bedroom Apartment For Rent At 545 N. Mcclurg Ct, Chicago, Il 60611 Near North Side
 20
Moment 1 Bedroom Apartment For Rent At 545 N. Mcclurg Ct, Chicago, Il 60611 Near North Side
$3,060$3,080
Chicago, Illinois - For Rent - Apartment - 876 sq.feet - 1 bedroom - 1 bathroom
Located in chicago's streeterville neighborhood, moment is a luxury rental building designed to leed silver standards. Moment has 490 apartments with floor...
The Tides At Lakeshore East Studio Apartment For Rent At 360 East South Water Street, Chic...
 20
The Tides At Lakeshore East Studio Apartment For Rent At 360 East South Water Street, Chic...
$1,600
Chicago, Illinois - For Rent - Apartment - 565 sq.feet - 1 bathroom
To experience life and culture in the heart of chicago! Featuring a modern contemporary feel, the chicago apartment rentals at the tides offer dramatic finishes including...
The Tides At Lakeshore East Studio Apartment For Rent At 360 East South Water Street, Chic...
 20
The Tides At Lakeshore East Studio Apartment For Rent At 360 East South Water Street, Chic...
$1,650
Chicago, Illinois - For Rent - Apartment - 620 sq.feet - 1 bathroom
To experience life and culture in the heart of chicago! Featuring a modern contemporary feel, the chicago apartment rentals at the tides offer dramatic finishes including...
The Tides At Lakeshore East Studio Apartment For Rent At 360 East South Water Street, Chic...
 20
The Tides At Lakeshore East Studio Apartment For Rent At 360 East South Water Street, Chic...
$1,735$1,736
Chicago, Illinois - For Rent - Apartment - 650 sq.feet - 1 bathroom
To experience life and culture in the heart of chicago! Featuring a modern contemporary feel, the chicago apartment rentals at the tides offer dramatic finishes including...
The Tides At Lakeshore East Studio Apartment For Rent At 360 East South Water Street, Chic...
 20
The Tides At Lakeshore East Studio Apartment For Rent At 360 East South Water Street, Chic...
$1,713$1,715
Chicago, Illinois - For Rent - Apartment - 570 sq.feet - 1 bathroom
To experience life and culture in the heart of chicago! Featuring a modern contemporary feel, the chicago apartment rentals at the tides offer dramatic finishes including...