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Deals · Chicago

Average rent in Chicago, IL (2026): rents, prices and yields

The average asking rent in Chicago, IL is $2,050 a month (median of 12,385 rental listings, November 2026).

Rent in Chicago, IL at a glance

Updated 6 Nov 2026 · last 180 days · 12,385 rental listings

Typical asking rent $2,050/month median · middle half $1,650 – $2,700
Asking price per m² $2,710/m² 7,626 listings for sale
Gross yield 9.6% rent/m² × 12 ÷ price/m², before costs
By size
1-bedroom $1,700 · 2-bedroom $1,955 · 3-bedroom $2,300
Range
the middle half of listings ask $1,650 – $2,700
Yield
about 9.6% gross, with asking prices at $2,710 per m²

Analysed deals in Chicago, IL

No analysed deals in Chicago, IL yet. We publish new ones regularly — check back soon.

Meanwhile, check any address with the free rent calculator →

Average rent by number of bedrooms in Chicago, IL

Median asking rent from $1,700 (1-bed) to $2,650 (4+ bed).

Asking rent by bedrooms and gross yield
BedroomsMedian rentMiddle halfListingsMedian priceGross yield
1 bed $1,700 $1,400 – $2,250 2,788 $259,900 7.8%
2 bed $1,955 $1,600 – $2,600 5,355 $359,000 6.5%
3 bed $2,300 $1,850 – $3,000 3,320 $379,900 7.3%
4+ bed $2,650 $2,200 – $3,600 921 $430,000 7.4%
More market data
Rent per m² $21.7/m²/month 9,273 listings with floor area
Live listings today 86% $2,000 among listings live today

Asking rents and prices observed in public listings over the last 180 days — medians and quartiles, not valuations. Estimates, not appraisals. Check any address with the free rent calculator.

Renting in Chicago, IL: questions and answers

How much is rent in Chicago, IL?

The typical (median) asking rent in Chicago, IL is $2,050 a month, based on 12,385 rental listings over the last 180 days. Half of listings ask between $1,650 and $2,700.

How much is a 2-bedroom apartment in Chicago, IL?

A 2-bedroom asks $1,955 a month (median of 5,355 listings; middle half $1,600 – $2,600). 1-bedroom: $1,700; 3-bedroom: $2,300; 4+ bedroom: $2,650.

What is the rental yield in Chicago, IL?

About 9.6% gross: median asking rent per m² × 12 divided by median asking price per m² ($2,710), before costs, voids, tax and financing. A benchmark for comparing areas, not a forecast for one property.

Where do these numbers come from?

From rental and sale listings published in the last six months in this area — live ones and the ones taken down recently. We take the middle value (the median) and the range the middle half of listings sits in, so a few extreme listings do not move the figure.

Are these achieved rents and prices?

No — they are asking figures, what landlords and sellers list for. Achieved rents and prices are usually a little lower, and the property's own condition, floor and view move it well outside this range.

How often is this updated?

Every night. The sample size and the share of live listings are shown so you can judge how solid a figure is; areas with too few recent listings are not published.

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