What Is the Common Hire in Chicago, IL?

As of January 2023, the typical condominium hire in Chicago, IL is $1,552 for a studio, $1,240 for one bed room, $2,301 for 2 bedrooms, and $2,251 for 3 bedrooms. Condo hire in Chicago has elevated by 29.7% previously 12 months.

Chicago, referred to as the windy metropolis, spans throughout the vast majority of Lake Michigan’s western shore. Famend for its structure and museums, this metropolis is house to a number of the nation’s biggest inventive and cultural sights, such because the Artwork Institute
of Chicago and the Chicago Cultural Middle. Locals will be discovered having fun with the various jazz and blues golf equipment, like Andy’s Jazz Membership or the Inexperienced Mill. Commuting is made simpler for everybody with Chicago’s public transit system. After you have discovered your neighborhood with the perfect hire, try some of the most kid-friendly neighborhoods in Chicago.

Downtown Chicago along Lake Michigan

Listed below are some regularly requested questions on hire in Chicago, IL:

What’s the common hire of a studio condominium in Chicago, IL?

In search of your excellent cozy oasis? A studio condominium is a superb alternative! The typical hire for a studio condominium in Chicago, IL is $1,552 /mo.

What’s the common hire of a one-bedroom condominium in Chicago, IL?

If you happen to’re looking to improve your private home for extra storage, look no additional! The typical hire for a one-bedroom condominium in Chicago, IL is $1,427 /mo.

What’s the common hire of a two-bedroom condominium in Chicago, IL?

Whether or not you’re on the lookout for more room or a room in your company, you need to first try two-bedroom residences. The typical hire for a two-bedroom condominium in Chicago, IL is $2,301 /mo.

What’s the common hire of a three-bedroom condominium in Chicago, IL?

Prepared so as to add to the household or are you simply on the lookout for extra room? Both manner, a 3 bed room could also be supreme! The typical hire for a three-bedroom condominium in Chicago, IL is $2,251 per thirty days.


Avg. Sq. Ft. 

Avg. Hire 

478 sq. ft. 

$1,552 /mo.

561 sq. ft. 

$1,427 /mo. 

965 sq. ft. 

$2,301 /mo. 

1,187 sq. ft. 

$2,251 /mo. 



Per Capita Earnings 


Median Family Earnings 


Complete Inhabitants 

6,217,625 folks  

Common Age 

38 years outdated 

Common Hire 

$1,427 per thirty days 

Annual Hire Change 


West Loop 

The West Loop neighborhood of Chicago, IL at dusk.

Lately, the West Loop has turn into probably the most widespread neighborhoods within the metropolis. With high-rise residences and condos that includes views of the river and skylines, residents love calling the West Loop house. The neighborhood has an outstanding
number of bars, eating places, artwork galleries, and efficiency venues. Union Park hosts festivals each summer season, making the West Loop a family-friendly group with one thing for everybody! 


Avg. Sq. Ft. 

Avg. Hire 


518 sq. ft. 

$1,854 /mo. 

734 sq. ft. 

$2,353 /mo. 

1,094 sq. ft. 

$3,430 /mo. 

1,447 sq. ft. 

$4,652 /mo. 

Wicker Park 

Aerial view of Wicker Park in Chicago, IL

Not a fan of residing near company skyscrapers and sights? Wicker Park might be the right possibility for you and your loved ones! All through the neighborhood you’ll see historic buildings, in-demand eating places, and a thriving artwork group.
If you happen to’re a healthcare employee, a number of hospitals are inside strolling distance. Discovering the right neighborhood will be powerful, however Wicker Park affords the perfect calmness with out the hustle and bustle of town. 


Avg. Sq. Ft. 

Avg. Hire 


566 sq. ft. 

$1,557 /mo. 

702 sq. ft. 

$2,177 /mo. 

953 sq. ft. 

$2,209 /mo. 

1,065 sq. ft. 

$3,101 /mo. 


An aerial view of the Bucktown neighborhood in Chicago, IL.

Bucktown has slowly turn into one of many trendiest neighborhoods in Chicago on account of how reasonably priced the world has turn into! With I-94 being so shut it’s simple for commuters to go to and from work and residential. The household pleasant space is walkable and stuffed
with purchasing, eating places, and leisure. With a number of dwell music, artwork exhibitions, and dwell theatre, there’s loads of leisure for younger adults and the entire household! 


Avg. Sq. Ft. 

Avg. Hire 


549 sq. ft. 

$1,963 /mo. 

727 sq. ft. 

$2,205 /mo. 

968 sq. ft. 

$2,987 /mo. 

1,546 sq. ft. 

$3,507 /mo. 

Logan Square 

Aerial view of Logan Square in Chicago, IL.

Hip, stylish, and wise, Logan Sq. has traditionally been one in every of Chicago’s hottest neighborhoods. Bicycle pleasant, the neighborhood is all about residing native and supporting native companies. Being 5 miles from Downtown Chicago with
quick access to mass transit, you possibly can hop on and be at work or having fun with the sights very quickly. Logan Sq. Park is situated within the coronary heart of the neighborhood close to Logan Boulevard and Milwaukee Sq..  


Avg. Sq. Ft. 

Avg. Hire 


477 sq. ft. 

$1,295 /mo. 

632 sq. ft. 

$1,508 /mo. 

887 sq. ft. 

$1,992 /mo. 

818 sq. ft. 

$2,164 /mo. 

South Loop 

Aerial view of the South Loop neighborhood in Chicago, IL.

With a group if musicians, businessmen, politicians, and artists, the various demographics of the South Loop present an infectious vitality to all who dwell there. The neighborhood affords a unbelievable number of world-class eating places and native
nightlife. With every thing from dive bars to swanky nightclubs, South loop has created the right night expertise it doesn’t matter what you’re on the lookout for. The waterfront parks provide lush environments to calm down and luxuriate in attractive views of the
lake, creating the right place to finish your day.  


Avg. Sq. Ft. 

Avg. Hire 


536 sq. ft. 

$1,859 /mo. 

740 sq. ft. 

$2,239 /mo. 

1,104 sq. ft. 

$2,930 /mo. 

1,434 sq. ft. 

$3,837 /mo. 

Gold Coast

Aerial view of the Gold Coast in Chicago, IL in the pinkish glow of sunset.

In search of beautiful views of Lake Michigan proper out of your neighborhood? Effectively look no additional than the Gold Coast! The Gold Coast is a historic group with no scarcity of character, providing leases that vary from luxurious residences to renovated
condos in historic buildings and longstanding row homes. Locals love the short entry to designer boutiques, award-winning eating places, and thrilling nightlife. If you happen to’re a lover of the outside, there are many actions to be discovered
at Oak Avenue Seaside, North Avenue Seaside, and Lincoln Park. The Gold Coast affords a variety of enjoyable for everybody! 


Avg. Sq. Ft. 

Avg. Hire 


393 sq. ft. 

$1,436 /mo. 

697 sq. ft. 

$2,073 /mo. 

1,133 sq. ft. 

$3,721 /mo. 

2,168 sq. ft. 

$6,758 /mo. 

Old Town 

Black and white photo of sign welcoming visitors to Old Town in Chicago, IL.

Previous City offers you the historic really feel of the Victorian period whereas being energetic with cool retailers and rustic taverns. Right here you’ll uncover variety, each in meals and tradition. Residents benefit from the comedy zone for a great snort; the Second Metropolis and
Zanies Comedy Membership are excellent spots to catch the most recent acts. Previous City has turn into a favourite on account of its family-owned eating places and charming environment, making this neighborhood a simple alternative for generations to return.  


Avg. Sq. Ft. 

Avg. Hire 

605 sq. ft. 

$2,034 /mo. 

767 sq. ft. 

$2,602 /mo. 

1,115 sq. ft. 

$3,816 /mo. 

1,009 sq. ft. 

$5,478 /mo. 

River North 

Waterfront view of the River North neighborhood in Chicago, IL.

River North has turn into referred to as probably the most fashionable neighborhoods in Chicago. The city neighborhood options an array of artwork galleries and a leading edge design district, attracting locals who’re passionate in regards to the visible arts. All through
River North yow will discover a large assortment of eating places, bars, and golf equipment that cater to each style. River North’s wonderful location consists of the Magnificent Mile operating alongside the east facet of the neighborhood and Downtown being proper
throughout the river.  


Avg. Sq. Ft. 

Avg. Hire 

560 sq. ft. 

$2,144 /mo. 

790 sq. ft. 

$2,805 /mo. 

1,214 sq. ft. 

$4,318 /mo. 

1,776 sq. ft. 

$7,695 /mo. 

There’s a lot to like in regards to the Windy Metropolis, from its numerous neighborhoods to its deep-dish pizza. Select from a variety of apartments throughout Chicago and begin having fun with all this metropolis has to supply. 

Condo hire information is supplied by CoStar Group’s January 2023 Chicago Market Report.

This text was up to date on January 3, 2023 to replicate present hire costs.

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