Chicago Leasing Playbook
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Market data and trends

Chicago rental market update

We're verifying current listings and market data. Apartment pricing and availability can change quickly. We're checking sources before publishing offers or trend figures, so this page won't show unverified listings as current market facts.

While you search, compare the full cost: base rent, required fees, parking, pet costs, move-in charges, lease length, and any concession conditions. Confirm availability and terms directly with the property before applying.

Looking for a luxury rental in Chicago? Tell Jared your move date, budget, and priorities. He can help you review available options and identify what still needs confirmation.

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Published benchmarks

These are official, slow-moving benchmarks for the whole market, not current asking rents or Playbook listings.

Fair Market Rent, 1 bedroom · Chicago-Joliet-Naperville, IL HUD Metro FMR Area

$1,780/mo

HUD's estimate of the 40th-percentile gross rent (rent plus utilities) for standard-quality units, set each federal fiscal year for housing-assistance programs. A benchmark, not current asking rents.

Period: FY2027 (Oct 2026 – Sep 2027) · Source: U.S. Department of Housing and Urban Development, Fair Market Rents · Last checked Nov 7, 2026

Fair Market Rent, 2 bedrooms · Chicago-Joliet-Naperville, IL HUD Metro FMR Area

$2,011/mo

HUD's estimate of the 40th-percentile gross rent (rent plus utilities) for standard-quality units, set each federal fiscal year for housing-assistance programs. A benchmark, not current asking rents.

Period: FY2027 (Oct 2026 – Sep 2027) · Source: U.S. Department of Housing and Urban Development, Fair Market Rents · Last checked Nov 7, 2026

Guides for comparing the full cost