DataMarkets & Economy

Apartment List releases October rent report for Chicago

Where is it most expensive for renters in the Windy City?
  • Chicago rents decreased by 0.1 percent month-over-month in September, but they're still up by 1.3 percent over last year.
  • Within the Chicago metro, Oak Park took the cake as the most expensive city for renters in September.
  • As the most expensive Chicago neighborhood to rent in last month, River North median prices were at an eye-popping $3,210 for a two-bedroom.

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Apartment List recently released its latest rent report for Chicago, finding the Windy City’s rent prices decreased by 0.1 percent from August to September.

Chicago rents up over last year

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Chicago rents decreased by 0.1 percent month-over-month in September, but they’re still up by 1.3 percent over last year. Median rent prices in Chicago were at $1,700 for a two-bedroom and $1,420 for a one-bedroom apartment in September.

Most expensive city in the metro

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Within the Chicago metro, Oak Park took the cake as the most expensive city for renters in September. A two-bedroom apartment in Oak Park costed $1,880 to rent, while a one-bedroom was $1,210. Second most expensive for renters was Evanston, with two-bedroom apartments renting for $1,800.

Most expensive neighborhood in the city

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As the most expensive Chicago neighborhood to rent in last month, River North median prices were at an eye-popping $3,210 for a two-bedroom and $2,180 for a one-bedroom. Lakeview was Chicago’s second most expensive neighborhood for renters, at $1,900 for a two-bedroom.

 

Yuki Graviet Knapp is a Content Marketing Associate with the Growth Team at Apartment List and is a resident of the Bay Area.