Chicago rent growth lagging behind warmer regions

Yardi Matrix monthly survey reports US year-over-year rental price gains of 5.6 percent
  • Yardi Matrix's monthly survey report of 119 markets found rents rose in price by double digits for the third straight month, and $10 for the month of June.
  • Chicago occupancy rate remains strong, at 96.5 percent month-over-month.
  • Forecasted to only grow 2 percent by the end of the year, rent growth in Chicago is slow behind South and West Coast cities.

U.S. apartment rents have increased for the third-straight month, according to Yardi Matrix’s monthly survey of 119 markets. June rent rates increased by exactly $10, or 0.9 percent, to another all-time high of $1,213.