Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Chicago city, Illinois?
City · Census ACS 5-Year estimates
The median gross rent in Chicago city, Illinois is $1,440/month (±$10), based on Census ACS 5-Year estimates (2024). The median home value is $334,100 (±$2,424), and the median household income is $77,902/year. The unemployment rate in Cook County, Illinois was 5.3% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Chicago city, Illinois
| Metric | Value |
|---|---|
| Median Gross Rent | $1,440 |
| Median Home Value | $334,100 |
| Median Household Income | $77,902 |
| Total Housing Units | 1,160,205 |
| Renter-Occupied Units | 626,193 |
| Renter-Occupied Share | 54% |
| Households Paying 50%+ Income | 150,413 households |
| Unemployment Rate(April 2026) | 5.3% |
How does Chicago city, Illinois compare?
Median gross rent ranked against all cities in Illinois.
Higher rent than 85% of cities in Illinois · 171th of 1136
| # | City | Value |
|---|---|---|
| 1 | Burr Ridge village | $3,501 |
| 1 | Bull Valley village | $3,501 |
| 1 | Indian Creek village | $3,501 |
| … 167 more … | ||
| 171 | Chicago city(you are here) | $1,440 |
| … 962 more … | ||
| 1134 | Royal Lakes village | $280 |
| 1135 | Elizabethtown village | $241 |
| 1136 | Colp village | $99 |
ZIP codes in Chicago city
64 ZIP codes overlap Chicago city.
- 60601
- 60602
- 60603
- 60604
- 60605
- 60606
- 60607
- 60608
- 60609
- 60610
- 60611
- 60612
- 60613
- 60614
- 60615
- 60616
- 60617
- 60618
- 60619
- 60620
- 60621
- 60622
- 60623
- 60624
- 60625
- 60626
- 60628
- 60630
- 60631
- 60632
- 60636
- 60637
- 60639
- 60640
- 60641
- 60642
- 60643
- 60644
- 60645
- 60647
- 60649
- 60651
- 60652
- 60653
- 60654
- 60655
- 60656
- 60657
- 60659
- 60660
- 60661
- 60646
- 60634
- 60629
- 60633
- 60638
- 60018
- 60707
- 60106
- 60827
- 60804
- 60176
- 60131
- 60007
More data for Chicago city, Illinois
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Frequently asked questions
What is the average rent in Chicago city, Illinois?
The median gross rent in Chicago city, Illinois is $1,440/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Chicago city, Illinois?
The median rent for a 2-bedroom in Chicago city, Illinois is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Chicago city, Illinois?
The median home value in Chicago city, Illinois is $334,100 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Chicago city are rent-burdened?
In Chicago city, Illinois, 150,413 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Chicago city, Illinois?
The median household income in Chicago city, Illinois is $77,902/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,440 has a margin of error of ±$10. In very small areas, MOEs can be large relative to the estimate.
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