Typical rent in the median tracked Chicago ZIP is $1,862 per month, measured across all home types rather than for a specific studio or house. Across tracked ZIPs typical rent runs from $1,319 in 60649 to $3,039 in 60601 per month. 30 of 56 ZIPs (54%) show faster rent growth. The median tracked ZIP has a home-value-to-annual-rent ratio of 15.0.
Key stats
- Across tracked ZIPs typical rent runs from $1,319 in 60649 to $3,039 in 60601 per month.
- The median tracked ZIP has a home-value-to-annual-rent ratio of 15.0.
- The metro income-needed indicator changed 5.54% year over year.
- 30 of 56 ZIPs (54%) show faster rent growth.
- Tracked ZIP markets
- 56
- Median ZIP home value
- $335,515
- Median ZIP rent
- $1,862
- rent cost spread
- Across tracked ZIPs typical rent runs from $1,319 in 60649 to $3,039 in 60601 per month.
- rent acceleration share
- 30 of 56 ZIPs (54%) show faster rent growth.
- metro price to rent
- The median tracked ZIP has a home-value-to-annual-rent ratio of 15.0.
What rent costs in Chicago
Typical rent in the median tracked Chicago ZIP is $1,862 per month, measured across all home types rather than for a specific studio or house.
Rent and purchase price do not move together here or anywhere else, so a rent figure is not a shortcut to a price one.
What the figure hides
Across tracked ZIPs typical rent runs from $1,319 in 60649 to $3,039 in 60601 per month.
A budget does not shop the metro; it shops the ZIPs it reaches. The range above is the one that matters when the citywide figure and the listings you can see do not agree.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules
Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.