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CoStar Insight

Chicago apartment market finishes the year strong

Limited construction and steady demand keep rents climbing across city's neighborhoods and suburbs
CoStar Analytics
December 11, 2025 | 8:58 P.M.

Chicago’s rental market is finishing the year on a high note, beating national trends in almost every category. The average rent in the Chicago area is $1,877 per month, about 7% higher than the U.S. average of $1,755. Even with that premium, Chicago is still one of the most affordable big-city markets.

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