How much is the average rent in Chicago, IL for 1-bedroom and 2-bedroom apartments?

The average rent for a 1-bedroom apartment in Chicago, IL is approximately $2,013, while a 2-bedroom apartment costs about $2,478.

Are rents going up or down in Chicago, IL?

Rents in Chicago, IL are on the rise, with an overall increase of about 2.4%. Specifically, 1-bedroom apartments saw a 1.5% increase, and 2-bedroom apartments experienced a 1.3% rise.

When is the best time to look for an apartment in Chicago, IL?

The best time to look for an apartment in Chicago is in October, as it's the least competitive month, offering better chances to find a deal with less competition.

What are the best neighborhoods to rent an apartment in Chicago, IL?

The best neighborhoods for renting in Chicago, IL include River North, Near West Side, and Near North Side, known for their vibrant social scenes, safety, and convenient transit options.

What areas of Chicago, IL are best for budget-conscious renters?

Budget-conscious renters should consider neighborhoods like Avalon Park, Clearing, and Chatham, where 1-bedroom rents range from $887 to $1,195 per month, significantly lower than the city median.

Are there pet-friendly apartments in Chicago, IL?

Yes, there are many pet-friendly apartments in Chicago, with over 71.74% of listings accommodating pets in some capacity.

Are utilities usually included in rent in Chicago, IL?

Utilities are not commonly included in Chicago's rental agreements, with only about 5% of listings offering utilities included.

Are most apartments in Chicago, IL largely older buildings or new developments?

Chicago's rental market is dominated by high-rise buildings, making up 84% of the market, reflecting both older and newer developments. Lofts, which are often converted from older industrial buildings, account for about 15%.