Homes & Apartments for Rent in 60605

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What to Know About

Living in 60605

Chicago is a city that never sleeps, full of vibrant culture, breathtaking architecture, and an electric atmosphere. Known for its towering skyscrapers, deep-dish pizza, and favorite sports teams, Chicago is a destination that delivers excitement and adventure. The city boasts some of the world's best museums, including the Art Institute of Chicago, the Museum of Science and Industry, and the Shedd Aquarium. Take a stroll through Millennium Park to see the iconic Cloud Gate sculpture, or explore the city's numerous parks, like Lincoln Park, Lincoln Park Zoo, and the Chicago Conservatory.

Chicago is a sports lover's paradise, home to the Chicago Cubs (MLB), Chicago Bears (NFL), Chicago Bulls (NBA), and Chicago Blackhawks (NHL), as well as the Chicago Marathon and world-class golf courses. In addition, iconic landmarks such as the Willis Tower and the John Hancock Center are a must-see, as well as the Navy Pier and the Magnificent Mile. Throughout the year, Chicago hosts an array of world-renowned events, including The Chicago Auto Show, the Lollapalooza music festival, and the Taste of Chicago food festival.

With its exceptional blend of history, culture, and excitement, Chicago is the perfect place to call home.

Rental Market Trends

Chicago, IL

As of August 2026, Chicago's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Chicago's average rent is 46.7% ($809) higher than the Illinois average of $1,731 and 41.1% ($740) higher than the U.S. average of $1,800.

Average Rent
$2,540
Monthly ChangeMonth Over Month Change
Increased0.2% ($5)
Yearly ChangeYear Over Year Change
Increased7.8% ($183)
Avg. Days on MarketAverage Days on Market
26
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,377 Decreased0.3% ($7) Increased8.9% ($195)
2 Beds $2,956 Decreased1.4% ($41) Increased6.4% ($177)
3 Beds $3,319 Decreased3.4% ($116) Increased2.5% ($82)
Nearby Cities Average Rent Avg. Rent vs. ChicagoAverage Rent vs. Chicago Avg. Days on MarketAverage Days on Market
Cicero $1,082 Decreased57.4% ($1458) 30 days
Oak Park $2,373 Decreased6.6% ($167) 20 days
Berwyn $1,240 Decreased51.2% ($1300) 30 days
Forest Park $1,682 Decreased33.8% ($858) 28 days
Elmwood Park $2,773 Increased9.2% ($233) 28 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Chicago Rental Market FAQs

Explore rental prices, market trends, and availability in Chicago, IL.

The average rent in Chicago, IL is $2,540 per month.
Homes in Chicago typically rent for between $1,664 and $4,315 per month, with an average of $2,540 per month.
In Chicago, the average rent for a 1-bedroom home is $2,377 per month, for a 2-bedroom home, $2,956 per month, and a 3-bedroom home is $3,319 per month.
The average rent in Chicago is 41.1% ($740) higher than the national average of $1,800 per month.
The average rent in Chicago has increased by 0.2% ($5) in the last month and increased by 7.8% ($183) over the past year.
The rental market in Chicago, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Chicago, IL, the average rental stays on the market for approximately 26 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 6,041 rental properties available in Chicago, IL.
Based on the current averages, a household would need an annual income of $118,240 to comfortably afford a 2-bedroom home in Chicago.
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