Rental market snapshot for Chicago, Illinois
Chicago, Illinois Rental Property Market Overview
Chicago, Illinois is the third-largest city in the United States, with a population of 2,696,555 as of 2021, according to the US Census. It is a vibrant city with a rich cultural history, boasting world-class museums, iconic architecture, and a thriving music and art scene. The city is home to a diverse population, with a variety of ethnicities, languages, and religions represented. Chicago is also a major business hub, with a strong economy and a wide range of industries. From its stunning skyline to its vibrant culture, Chicago is a city that has something for everyone.
The average rent for an apartment in Chicago is $2,295. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has decreased by 2.5% over the past year.
Last Updated September 01, 2023
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Average monthly rent graph in Chicago Illinois | Cost of Living
- The most expensive ZIP code in Chicago is 60611 with an average price of $3,704.
- The cheapest ZIP code in Chicago is 60619 with an average price of $1,156.
Chicago ZIP codes with the highest, most expensive rent
| # | ZIP Code | Average Rent |
|---|---|---|
| 1 | 60611 | $3,704 |
| 2 | 60602 | $3,684 |
| 3 | 60654 | $3,522 |
| 4 | 60610 | $3,418 |
| 5 | 60607 | $3,409 |
| 6 | 60661 | $3,303 |
| 7 | 60614 | $3,300 |
| 8 | 60601 | $3,128 |
| 9 | 60605 | $3,098 |
| 10 | 60642 | $2,857 |
Live near Chicago, Illinois's Top Sights and Attractions
Marquette Jacques is a large bronze sculpture located in a public park in Chicago. The sculpture depicts a French explorer, Jacques Marquette, standing atop a large boulder with a canoe at his feet. The sculpture is surrounded by a large fountain and is a popular spot for visitors to take pictures. The sculpture is a tribute to the French explorer who was the first European to explore the area that is now Chicago.
Marquette Park Golf Course is an 18-hole public golf course located in the heart of a bustling metropolitan area. The course features rolling hills, lush fairways, and challenging greens. It is a par 70 course that measures 6,400 yards from the back tees. The course is well-maintained and offers a variety of amenities, including a driving range, practice green, and a full-service pro shop. The course also features a restaurant and bar, as well as a banquet facility. Marquette Park Golf Course is a great place to play a round of golf and enjoy the beauty of the surrounding area.
Loop Riverwalk is a scenic walkway located along the Chicago River. It stretches from Lake Michigan to the Chicago River's south branch and offers stunning views of the city skyline. Visitors can enjoy a leisurely stroll along the river, take in the sights and sounds of the city, and explore the many restaurants, shops, and attractions located along the way. The walkway is also home to a variety of public art installations, including sculptures, murals, and interactive displays.
The Chicago Architecture Foundation River Cruise First Lady is a 75-minute tour of the Chicago River, featuring an expert guide who provides a detailed narration of the city's iconic architecture. The tour includes views of more than 50 buildings, including the Willis Tower, the Wrigley Building, the Merchandise Mart, and the Tribune Tower. Passengers can also learn about the city's history, culture, and engineering feats. The tour is available year-round, with both daytime and evening cruises available.
Palmer Square is a vibrant outdoor plaza located in the heart of a bustling urban area. It features a variety of shops, restaurants, and entertainment venues, as well as a large central green space surrounded by trees and benches. The square is a popular gathering spot for locals and visitors alike, and is often filled with people enjoying the sunshine, music, and activities. The surrounding area is filled with historic buildings, giving the square a unique and charming atmosphere.
Harris Ryan Memorial is a large bronze sculpture located in a public park. The sculpture depicts a soldier standing in a heroic pose, with his arms outstretched and a rifle in his hands. The soldier is surrounded by a circle of flags representing the United States, Illinois, and Chicago. The memorial is a tribute to the brave men and women who served in the armed forces. It is a popular spot for visitors to take pictures and reflect on the sacrifices made by those who served.
Lincoln Abraham is a bronze sculpture located in the center of Grant Park in Chicago, Illinois. The sculpture stands 19 feet tall and depicts the 16th President of the United States, Abraham Lincoln, seated in contemplation. The sculpture was created by American artist Augustus Saint-Gaudens and was dedicated in 1887. The sculpture is a popular tourist attraction and is surrounded by a large reflecting pool and gardens.
Ronan George is a large, iconic sculpture located in a public park in Chicago. The sculpture is made of bronze and stands at over 20 feet tall. It features a figure of a man with his arms outstretched, and is said to represent the spirit of the city. The sculpture is a popular spot for locals and tourists alike, and is a great place to take photos.
Levin John is a large, iconic sculpture located in the heart of Chicago. The sculpture stands at over 50 feet tall and is made up of two large steel plates that are curved and twisted together. The sculpture is illuminated at night, creating a stunning visual effect. It is a popular spot for locals and tourists alike, and is a great place to take photos and admire the city skyline.
Foster J Frank is a public art installation located in a park in Chicago. It is a large, colorful sculpture made of steel and painted in bright shades of blue, yellow, and red. The sculpture stands at over 30 feet tall and is made up of several abstract shapes and forms. It is a popular spot for locals and tourists alike to take pictures and admire the artwork.
Chicago, Illinois area median rent change by ZIP code map
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How does Chicago compare to other cities in Illinois?
| city | median price |
|---|---|
| Lemont | $3,303 |
| Crete | $2,400 |
| River Grove | $2,350 |
| Hoffman Estates | $2,274 |
| Streamwood | $2,250 |
| Elgin | $2,043 |
| Winnetka | $1,595 |
| Savoy | $1,101 |
| Decatur | $800 |
Average household income in Chicago area graph - US Census
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The median household income in Chicago in 2021 was $65,781. This represents a 38.9% change from 2011 when the median was $47,371.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 8.8% |
| 1 | $10,000 to $14,999 | 4.7% |
| 2 | $15,000 to $19,999 | 4.5% |
| 3 | $20,000 to $24,999 | 4.9% |
| 4 | $25,000 to $29,999 | 4.1% |
| 5 | $30,000 to $34,999 | 4.3% |
| 6 | $35,000 to $39,999 | 3.6% |
| 7 | $40,000 to $44,999 | 3.9% |
| 8 | $45,000 to $49,999 | 3.2% |
| 9 | $50,000 to $59,999 | 6.7% |
| 10 | $60,000 to $74,999 | 8.5% |
| 11 | $75,000 to $99,999 | 11.5% |
| 12 | $100,000 to $124,999 | 8.4% |
| 13 | $125,000 to $149,999 | 5.9% |
| 14 | $150,000 to $199,999 | 7.3% |
| 15 | $200,000 or more | 9.6% |
