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min read

Chicago Market Rental Trends Report

Relocity's rental trends report shows you how the nation’s major rental markets stack up and reveals 2024 pricing trends.

Over the past 3-6 months, rent prices in Chicago have experienced a slight increase, with the average rent rising by about .9%. This growth is mainly driven by the city's continued high demand for rental housing. Q4 will be slowing down the rental market with fewer people moving in the colder months. Prices will remain the same as listed but concessions will rise offsetting the market value. Currently, the median rent in Chicago stands at approximately $2,349 per month​ in the Loop neighborhood of Chicago.

Apartment Options

Halsted Flats

  • Studio/1 bath
  • Sq Ft: 535
  • Rent: $2,077
  • Neighborhood: West Loop

Evo Union Park

  • 1 br/1 ba
  • Sq Ft: 720
  • Rent: $2,643
  • Neighborhood: Lakeview East

Wolf Point East

  • 2 br/2 ba
  • Sq Ft: 1,128
  • Rent: $4,588
  • Neighborhood: West Loop Gate

K2

  • 3 br/2 ba
  • Sq Ft: 1,515
  • Rent: $5,335
  • Neighborhood: Streeterville

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