Average rent in Chicago, Illinois
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Finding Apartments for Rent in Chicago, Illinois
Chicago is a vibrant city filled with must-see attractions. From visiting Millennium Park's "Bean" sculpture to walking the scenic Lakefront Trail, there's no shortage of entertaining activities in the Windy City.
Whether you’re a first-time renter moving to one of Chicago’s many affordable neighborhoods or a long-time resident trading up to a downtown Chicago apartment with a lake view, search for your new home with Apartment List. With so many rentals in Chicago to choose from, you need a better apartment-hunting strategy than Googling “apartments for rent near me.”
Start by taking our quiz, and let our AI-powered algorithm find your dream Chicago apartment. The search function considers multiple factors to showcase the ideal apartments in Chicago, including neighborhood preferences and public transit access.
With just a few clicks, you’ll find the perfect apartment rentals in Chicago, Illinois.
Frequently Asked Questions
Frequently Asked Questions (FAQs)
Before moving to Chicago, Illinois, it’s smart to check the state’s average costs — that way, you’re confident that Chicago (and Illinois in general) is right for you.
The median rent in Illinois is slightly higher than the U.S. national average, but with the state’s lower cost of living, Illinois is still an affordable option. If you want apartments to rent near Chicago and need to reduce costs further, consider other cities within Cook County.
When listing housing in Chicago for rent, most landlords or property managers require tenants to earn a monthly income that’s 3x higher than their rent.
The average rental cost in Chicago is as follows:
- 1BR: $1,589/month
- 2BR: $1,730/month
So, to rent a luxury 2BR apartment in the Belmont Central neighborhood in Chicago for $2,400 a month, you should earn a monthly wage of $7,200 and a yearly salary of $86,400.
If the apartment doesn’t include utilities in its rental fees, tenants could expect to pay for:
– Electricity
– Gas
– Water
– Sewage
– Internet access
Depending on the tenancy agreement, these fees could significantly increase the cost of living, so double-check before signing anything.
If tenants renting apartments in Chicago feel their landlord treats them unfairly, they can call the Chicago Renters’ Rights Hotline at (312) 742-7368.
Representatives of the City of Chicago will offer guidance regarding the legal responsibilities and rights of renters and property owners. They also provide mediation services to help informally resolve disputes between landlords and tenants.