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Chicago Rent Prices Ranked 9th Highest in the Nation

By Urbanmatter Chicago @UMatterChicago

The study details pricing in each Chicago neighborhood

According to a December 2016 study by Zumper, the city of Chicago had the ninth highest rent prices in the United States. The rental company released a map that details median rent pricing for each neighborhood in the city, with the city’s overall median netting out at a steep $1,820 for a one bedroom apartment.

The neighborhoods that landed on the lower end of the pricing spectrum include Hermosa, Garfield Ridge, Gage Park, and Chinatown, with all falling between $650 and $900 for a one bedroom unit. The priciest neighborhoods include the West Loop, Rush & Division, Streeterville, and River North, with the latter having the highest median rent price of $2,150 for a one bedroom unit.

If you’re looking for a neighborhood that sits in a healthy middle, you’ll find the most luck in Uptown, Sheffield & DePaul, North Center, and Ukrainian Village, of which the latter was voted the hottest neighborhood of 2016 by Redfin.

For the rest of the country, San Francisco and New York City rang in as the first and second cities with the highest rent prices, with medians of $3,330 and $3,000 respectively. To see the rest of Zumper’s national report, click here.

Check out Zumper’s map above to see Chicago rent pricing laid out by neighborhood. And just for fun, check out our infographic of the best Chicago neighborhoods of 2016 to see how they compare to these stats.

chicago rent prices

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